Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.029%

Price spread now: Orderly against Coinbase International+0.112%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Orderly

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

The price spread pays, funding is against you. Orderly is 0.112% dearer against Coinbase International than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	62.390	0.0184	pay 0.0023% / 1h	9m 14s	$540K	$91K	20x
Short	Orderly PERP_DRAM_USDC_mythos	62.460	0.0100	get 0.0100% / 8h	7h 09m	$9K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.112%Rate

Funding earned: −$17.64
Price spread: +0.112% → 0.000%: $11.22
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$22.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 64 min ago; Orderly: 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, 64 min ago	3.23 bp	8.9 bp −$9	13.3 bp −$133	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	62.430	+0.064%	$855	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.460	+0.112%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.080%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0018%	4h	62.437	+0.075%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.434	+0.071%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.380	−0.016%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.400	+0.016%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.428	+0.061%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	+0.016%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.459	+0.111%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.390	0.000%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.096%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	62.460	+0.112%	$9K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	62.447	+0.092%	$4K	—	10x	as long as short
Lighter DRAM	+0.0112%	1h	62.413	+0.037%	$971K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.410	+0.032%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0184%	1h	62.390	long leg	$540K	$91K	20x
tradeXYZ xyz:DRAM	+0.0226%	1h	62.405	+0.024%	$82.2M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0227%	8h	62.462	+0.115%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0241%	8h	62.440	+0.080%	$5.5M	$4.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.410	+0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0448%	8h	62.489	+0.159%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0480%	8h	62.335	−0.088%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0515%	1h	62.373	−0.027%	$255K	$448K	25x	as long as short
Variational Omni DRAM	+0.0561%	8h	62.435	+0.072%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0597%	8h	62.440	+0.080%	$26.1M	$12.9M	20x	as long as short
MEXC DRAM_USDT	+0.0603%	8h	62.430	+0.064%	$9.7M	$6.7M	100x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.460	+0.112%	$51K	$82K	10x	as long as short
Extended DRAM-USD	+0.0608%	1h	62.426	+0.057%	$76K	$663K	10x	as long as short
Binance DRAMUSDT	+0.0608%	8h	62.440	+0.080%	$44.9M	$82.0M	50x	as long as short
Gate DRAM_USDT	+0.0803%	8h	62.460	+0.112%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0957%	8h	62.460	+0.112%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1026%	8h	62.510	+0.192%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.416	+0.042%	$456K	$498K	20x	as long as short