Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0298%/8h= +32.6% APRpaid last 24h −0.023%

Price spread now: GRVT against Coinbase International+0.155%76s7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.364% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.294%−$29 on $10k

Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.155%, 7d avg +0.150%

Together, before fees−0.516%+ Points / potential airdropGRVT: Active · farm board−$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.150%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.294%, so the current rate has only just turned in your favour. The two prices were read 76 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	62.130	0.0152	pay 0.0019% / 1h	25m 58s	$534K	$93K	20x
Short	GRVT DRAM_USDT_Perp	62.227	0.0450	get 0.0450% / 8h	6h 25m	$37K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.155%Rate

Funding earned: $62.58
Price spread: +0.155% → +0.150%: $0.58
Slippage, 4 orders: −$17.43
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $26.73
Costs to cover: 0.364%
Break-even: 4.0 days

Slippage from Coinbase International: live order book, 42 min ago; GRVT: live order book, 37 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, 42 min ago	4.00 bp	9.7 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell GRVT live order book, 37 min ago	3.20 bp	7.7 bp −$8	20.2 bp −$202	doesn't fit	doesn't fit

DRAM on 33 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
SunX DRAM-USDT	0.0000%	8h	62.250	+0.193%	$806	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	+0.145%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.300	+0.274%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.204	+0.119%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.220	+0.145%	$51K	$82K	10x	as long as short
edgeX DRAMUSDC	+0.0044%	4h	62.246	+0.186%	$151K	$295K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	+0.113%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.250	+0.193%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.227	+0.156%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.266	+0.219%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.210	+0.129%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0053%	1h	62.194	+0.103%	$253K	$435K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.209	+0.128%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	+0.177%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	+0.097%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.290	+0.258%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.286	+0.251%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0152%	1h	62.130	long leg	$534K	$93K	20x
Lighter DRAM	+0.0160%	1h	62.259	+0.208%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0179%	8h	62.237	+0.172%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0229%	8h	62.300	+0.274%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0236%	1h	62.246	+0.187%	$82.0M	$37.0M	20x	as long as short
Bitget DRAMUSDT	+0.0287%	8h	62.280	+0.241%	$26.1M	$13.0M	20x	as long as short
Bybit DRAMUSDT	+0.0356%	8h	62.308	+0.286%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.250	+0.193%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perpshort	+0.0450%	8h	62.227	+0.155%	$37K	$153K	10x
Aster DRAMUSDT	+0.0470%	8h	62.281	+0.243%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	+0.249%	$2.4M	$756K	—	as long as short
Gate DRAM_USDT	+0.0567%	8h	62.320	+0.306%	$8.2M	$3.4M	75x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.260	+0.209%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0594%	8h	62.277	+0.237%	$44.7M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0595%	8h	62.290	+0.258%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.260	+0.209%	$448K	$504K	20x	as long as short