Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.001%

Price spread now: Bybit against Coinbase International+0.080%7-day average +0.184% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Coinbase International Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.080%, 7d avg +0.184%

Together, before fees−0.296%−$30 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.104% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.080% now, against its 7-day average of +0.184%). If the spread goes back, that is −$10 on $10k: about 4.9 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.258%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	62.330	0.0152	pay 0.0019% / 1h	48m 52s	$535K	$75K	20x
Short	Bybit DRAMUSDT	62.380	0.0223	get 0.0223% / 8h	4h 48m	$9.7M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BybitbpOrdersPrice spread, now +0.080%Rate

Funding earned: $14.92
Price spread: +0.080% → +0.184%: −$10.37
Slippage, 4 orders: −$10.76
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.2
Costs to cover: 0.318%
Break-even: 19.8 days

Slippage from Coinbase International: live order book, 9 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 9 min ago	2.40 bp	8.1 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.80 bp	8.3 bp −$8	11.1 bp −$111	121.1 bp −$12.1K	doesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx DRAM/USDC	0.0000%	1h	62.370	+0.064%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.370	+0.064%	$939	$2.7M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	62.350	+0.032%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	+0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.370	+0.064%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	62.358	+0.044%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.363	+0.053%	$969K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.370	+0.064%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	+0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.340	+0.016%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.362	+0.051%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.300	−0.048%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.340	+0.016%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0089%	4h	62.402	+0.116%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.341	+0.017%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.360	+0.048%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	+0.160%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.380	+0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.382	+0.084%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0105%	8h	62.363	+0.053%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0110%	1h	62.342	+0.019%	$81.8M	$35.5M	20x	as long as short
Bitget DRAMUSDT	+0.0115%	8h	62.370	+0.064%	$26.3M	$13.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0116%	8h	62.416	+0.138%	$36K	$164K	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0152%	1h	62.330	long leg	$535K	$75K	20x
OKX DRAM-USDT-SWAP	+0.0154%	8h	62.360	+0.048%	$5.5M	$4.4M	50x	as long as short
Entropy io:DRAM	+0.0200%	1h	62.366	+0.058%	$238K	$417K	25x	as long as short
Bybit DRAMUSDTshort	+0.0223%	8h	62.380	+0.080%	$9.7M	$9.9M	100x
Aster DRAMUSDT	+0.0337%	8h	62.389	+0.094%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0419%	8h	62.374	+0.071%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0454%	8h	62.365	+0.056%	$44.9M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0455%	8h	62.350	+0.032%	$9.2M	$5.4M	100x	as long as short
Extended DRAM-USD	+0.0456%	1h	62.345	+0.024%	$75K	$636K	10x	as long as short
Gate DRAM_USDT	+0.0604%	8h	62.400	+0.112%	$8.2M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0628%	8h	62.400	+0.112%	$303K	$26K	20x	as long as short