Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0177%/8h= −19.4% APRpaid last 24h 0.000%

Price spread now: OKX against Coinbase International−0.016%7-day average +0.163% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.238%−$24 on $10k

Price spread, last 3 days (all we have)+0.041%+$4 · spread now −0.016%, 7d avg +0.163%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and OKX is 0.179% cheaper against Coinbase International than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.163%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.580	0.0232	pay 0.0029% / 1h	14m 03s	$510K	$44K	20x
Short	OKX DRAM-USDT-SWAP	61.570	0.0055	get 0.0055% / 8h	2h 14m	$5.4M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$37.21
Price spread: −0.016% → +0.163%: −$17.9
Slippage, 4 orders: −$14.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$90.09
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 9 min ago; OKX: 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, 9 min ago	2.43 bp	8.9 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.81 bp	7.9 bp −$8	16.0 bp −$160	73.4 bp −$7,344	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
Deribit DRAM_USDC-PERPETUAL	−0.0075%	1h	61.560	−0.032%	$13K	$9K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.580	0.000%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.550	−0.049%	$495	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.560	−0.032%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	61.629	+0.079%	$152K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0033%	1h	61.583	+0.004%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.570	−0.016%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.621	+0.067%	$251K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.554	−0.042%	$203K	$1.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	61.565	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.500	−0.130%	$1.2M	$1.7M	10x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0055%	8h	61.570	−0.016%	$5.4M	$4.9M	50x
QFEX DRAM-USD	+0.0080%	1h	61.570	−0.016%	$1.0M	$77K	10x	as long as short
Bitget DRAMUSDT	+0.0095%	8h	61.570	−0.016%	$25.9M	$12.6M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.579	−0.001%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	0.000%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.660	+0.130%	$22K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.580	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.573	−0.012%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0104%	8h	61.590	+0.016%	$201K	$36K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0123%	1h	61.565	−0.024%	$78.9M	$39.8M	20x	as long as short
Bybit DRAMUSDT	+0.0140%	8h	61.610	+0.049%	$9.2M	$10.3M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0143%	8h	61.566	−0.023%	—	—	5x	as long as short
Lighter DRAM	+0.0160%	1h	61.563	−0.028%	$990K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0185%	8h	61.631	+0.082%	$36K	$190K	10x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.627	+0.077%	$2.4M	$978K	—	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0232%	1h	61.580	long leg	$510K	$44K	20x
BloFin DRAM-USDT	+0.0235%	8h	61.620	+0.065%	$294K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0237%	8h	61.560	−0.032%	$43.7M	$82.9M	50x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.561	−0.030%	$102K	$741K	10x	as long as short
MEXC DRAM_USDT	+0.0240%	8h	61.560	−0.032%	$11.1M	$6.4M	100x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.576	−0.007%	$474K	$440K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.550	−0.049%	$50K	$95K	10x	as long as short