Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0248%/8h= −27.2% APRpaid last 24h 0.000%

Price spread now: MEXC against Coinbase International+0.017%7-day average +0.150% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.017%, 7d avg +0.150%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.133% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.150%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	60.590	0.0248	pay 0.0031% / 1h	47m 46s	$532K	$86K	20x
Short	MEXC DRAM_USDT	60.600	0	get 0.0000% / 8h	7h 47m	$8.4M	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$52.08
Price spread: +0.017% → +0.150%: −$13.32
Slippage, 4 orders: −$16.28
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$91.68
Costs to cover: 0.263%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 50 min ago; MEXC: live order book, 5 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, 50 min ago	4.92 bp	11.5 bp −$11	14.2 bp −$142	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.82 bp	0.8 bp −$1	0.8 bp −$8	4.8 bp −$479	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
Bitget DRAMUSDT	−0.0716%	8h	60.620	+0.050%	$26.4M	$15.1M	20x	as long as short
Entropy io:DRAM	−0.0074%	1h	60.590	0.000%	$177K	$469K	25x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.581	−0.014%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.585	−0.008%	$76K	$218K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.606	+0.026%	$43.6M	$89.4M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.620	+0.050%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.595	+0.008%	$418K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.620	+0.050%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDTshort	0.0000%	8h	60.600	+0.017%	$8.4M	$5.4M	100x
Variational Omni DRAM	0.0000%	8h	60.635	+0.074%	$2.3M	$584K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT DRAM_USDT_Perp	0.0000%	8h	60.632	+0.070%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.620	+0.050%	$860	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.520	−0.116%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.610	+0.033%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0001%	8h	60.620	+0.050%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0010%	8h	60.630	+0.066%	$298K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.596	+0.009%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.590	0.000%	$47K	$67K	10x	as long as short
edgeX DRAMUSDC	+0.0046%	4h	60.606	+0.026%	$147K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.570	−0.033%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.554	−0.059%	$252K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.600	+0.017%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.550	−0.066%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.580	−0.017%	$987K	$84K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0080%	1h	60.580	−0.017%	$12K	$3K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0092%	1h	60.583	−0.012%	$78.3M	$35.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.585	−0.009%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.558	−0.053%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.560	−0.050%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.620	+0.050%	$21K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.580	−0.017%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.558	−0.052%	$4K	—	10x	as long as short
Lighter DRAM	+0.0224%	1h	60.609	+0.031%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0248%	1h	60.590	long leg	$532K	$86K	20x