Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.049%

Price spread now: edgeX against Coinbase International+0.129%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.261%−$26 on $10k

Price spread, last 3 days (all we have)−0.182%−$18 · spread now +0.129%, 7d avg +0.151%

Together, before fees−0.444%+ Points / potential airdropedgeX: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.022% cheaper against Coinbase International than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.151%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.920	0.0184	pay 0.0023% / 1h	57m 01s	$535K	$95K	20x
Short	edgeX DRAMUSDC	62.000	0.0058	get 0.0029% / 4h	3h 57m	$150K	$294K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$26.41
Price spread: +0.129% → +0.151%: −$2.22
Slippage, 4 orders: −$24.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$71.98
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 16 min ago; edgeX: live order book, 16 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, 16 min ago	3.23 bp	8.9 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit
Sell edgeX live order book, 16 min ago	8.08 bp	12.6 bp −$13	19.3 bp −$193	doesn't fit	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
Gate DRAM_USDT	0.0000%	8h	62.130	+0.339%	$8.3M	$3.3M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.110	+0.307%	$781	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	+0.145%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.110	+0.307%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	62.020	+0.161%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.990	+0.113%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.041	+0.195%	$265K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.070	+0.242%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.980	+0.097%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDCshort	+0.0058%	4h	62.000	+0.129%	$150K	$294K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.011	+0.147%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.060	+0.226%	$3.0M	$462K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.060	+0.226%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.070	+0.242%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.087	+0.270%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.110	+0.307%	$1.0M	$79K	10x	as long as short
Lighter DRAM	+0.0176%	1h	62.096	+0.284%	$976K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0184%	1h	61.920	long leg	$535K	$95K	20x
OKX DRAM-USDT-SWAP	+0.0187%	8h	62.170	+0.404%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0196%	8h	62.100	+0.291%	$26.3M	$12.9M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0215%	8h	62.047	+0.205%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0245%	1h	62.052	+0.213%	$81.2M	$41.2M	20x	as long as short
Entropy io:DRAM	+0.0283%	1h	61.998	+0.126%	$253K	$495K	25x	as long as short
GRVT DRAM_USDT_Perp	+0.0311%	8h	62.072	+0.246%	$37K	$170K	10x	as long as short
Bybit DRAMUSDT	+0.0318%	8h	62.196	+0.446%	$9.5M	$10.5M	100x	as long as short
Aster DRAMUSDT	+0.0318%	8h	62.072	+0.245%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0411%	8h	62.047	+0.204%	$2.4M	$948K	—	as long as short
MEXC DRAM_USDT	+0.0452%	8h	62.120	+0.323%	$10.5M	$6.6M	100x	as long as short
Binance DRAMUSDT	+0.0453%	8h	62.139	+0.354%	$44.2M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0456%	1h	62.126	+0.333%	$75K	$767K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0556%	1h	62.100	+0.291%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.010	+0.145%	$50K	$86K	10x	as long as short
BloFin DRAM-USDT	+0.0745%	8h	62.090	+0.275%	$295K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.101	+0.293%	$457K	$475K	20x	as long as short