Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.048%

Price spread now: HTX against Coinbase International−0.033%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.033% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.330	0.0232	pay 0.0029% / 1h	54m 59s	$537K	$91K	20x
Short	HTX DRAM-USDT	61.310	0	get 0.0000% / 8h	5h 54m	$28K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$48.72
Price spread: −0.033% → 0.000%: −$3.26
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$73.98
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 56 min ago; HTX: no order-book sample. Net counts fees only.

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, 56 min ago	3.29 bp	8.3 bp −$8	12.0 bp −$120	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.480	+0.245%	$9.6M	$11.2M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.470	+0.228%	$26.8M	$16.9M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.480	+0.245%	$732	$2.4M	10x	as long as short
HTX DRAM-USDTshort	0.0000%	8h	61.310	−0.033%	$28K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	61.460	+0.212%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0031%	1h	61.327	−0.004%	$1K	$27K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.390	+0.098%	$60K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.440	+0.179%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.417	+0.142%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.435	+0.171%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.330	0.000%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.470	+0.228%	$1.0M	$97K	10x	as long as short
edgeX DRAMUSDC	+0.0062%	4h	61.351	+0.035%	$149K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.440	+0.179%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.380	+0.082%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.360	+0.049%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.440	+0.179%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.448	+0.192%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0131%	8h	61.443	+0.185%	—	—	5x	as long as short
Gate DRAM_USDT	+0.0137%	8h	61.480	+0.245%	$8.0M	$3.7M	75x	as long as short
tradeXYZ xyz:DRAM	+0.0141%	1h	61.443	+0.184%	$79.8M	$38.4M	20x	as long as short
Lighter DRAM	+0.0160%	1h	61.460	+0.212%	$1.1M	$1.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0170%	8h	61.490	+0.261%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDT	+0.0209%	8h	61.370	+0.065%	$196K	$28K	20x	as long as short
BloFin DRAM-USDT	+0.0225%	8h	61.460	+0.212%	$305K	$27K	20x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0232%	1h	61.330	long leg	$537K	$91K	20x
Deribit DRAM_USDC-PERPETUAL	+0.0238%	1h	61.450	+0.196%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0250%	8h	61.369	+0.064%	$2.2M	$688K	—	as long as short
Extended DRAM-USD	+0.0304%	1h	61.445	+0.188%	$100K	$298K	10x	as long as short
MEXC DRAM_USDT	+0.0305%	8h	61.460	+0.212%	$9.0M	$5.4M	100x	as long as short
Binance DRAMUSDT	+0.0308%	8h	61.460	+0.212%	$44.6M	$97.4M	50x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.379	+0.079%	$461K	$370K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0743%	8h	61.387	+0.093%	$36K	$220K	10x	as long as short
Entropy io:DRAM	+0.0746%	1h	61.340	+0.016%	$333K	$1.7M	25x	as long as short