Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0467%/8h= +51.1% APRpaid last 24h +0.018%

Price spread now: Gate against Coinbase International−0.128%7-day average +0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.299%−$30 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.128%, 7d avg +0.162%

Together, before fees−0.188%−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.290% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.128% now, against its 7-day average of +0.162%). If the spread goes back, that is −$29 on $10k: about 2.1 days of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.299%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.299% in total (about -15.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	59m 42s	$535K	$75K	20x
Short	Gate DRAM_USDT	62.250	0.0619	get 0.0619% / 8h	3h 59m	$8.2M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.128%Rate

Funding earned: $98.07
Price spread: −0.128% → +0.162%: −$29.04
Slippage, 4 orders: −$26.57
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $17.46
Costs to cover: 0.516%
Break-even: 5.8 days

Slippage from Coinbase International: live order book, 58 min ago; Gate: 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, 58 min ago	2.40 bp	8.1 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.60 bp	20.9 bp −$21	27.3 bp −$273	32.8 bp −$3,278	62.0 bp −$31.0K

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	62.220	−0.176%	$439K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.230	−0.160%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.320	−0.016%	$36K	$177K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.230	−0.160%	$658	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.230	−0.160%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.230	−0.160%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.292	−0.061%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.212	−0.189%	$1.0M	$1.1M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.250	−0.128%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.220	−0.176%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	62.247	−0.133%	$173K	$447K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.201	−0.207%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.230	−0.160%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.273%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.220	−0.176%	$1.0M	$78K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0078%	8h	62.214	−0.187%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0081%	8h	62.230	−0.160%	$5.5M	$4.5M	50x	as long as short
edgeX DRAMUSDC	+0.0083%	4h	62.307	−0.037%	$151K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.222	−0.173%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.200	−0.209%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.310	−0.032%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.250	−0.128%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.234	−0.154%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0113%	8h	62.258	−0.116%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0145%	1h	62.199	−0.210%	$81.5M	$35.5M	20x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0152%	1h	62.330	long leg	$535K	$75K	20x
Aster DRAMUSDT	+0.0219%	8h	62.234	−0.154%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.230	−0.160%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0290%	8h	62.284	−0.074%	$2.4M	$747K	—	as long as short
Binance DRAMUSDT	+0.0333%	8h	62.217	−0.182%	$44.7M	$80.1M	50x	as long as short
Extended DRAM-USD	+0.0336%	1h	62.200	−0.209%	$76K	$622K	10x	as long as short
BloFin DRAM-USDT	+0.0337%	8h	62.270	−0.096%	$302K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0337%	8h	62.210	−0.193%	$8.3M	$5.5M	100x	as long as short
Gate DRAM_USDTshort	+0.0619%	8h	62.250	−0.128%	$8.2M	$3.5M	75x