Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0293%/8h= +32.1% APRpaid last 24h +0.051%

Price spread now: Binance against edgeX−0.034%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$250.255% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.432%+$43 · spread now −0.034%, 7d avg +0.002%

Together, before fees+0.504%+ Points / potential airdropedgeX: Active · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.036% cheaper against edgeX than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.002%). If the spread goes back, that is −$4 on $10k: about 10 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.072% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	62.219	0.0030	pay 0.0015% / 4h	3h 55m	$151K	$297K	20x
Short	Binance DRAMUSDT	62.198	0.0323	get 0.0323% / 8h	3h 55m	$44.7M	$80.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now −0.034%Rate

Funding earned: $61.59
Price spread: −0.034% → +0.002%: −$3.59
Slippage, 4 orders: −$6.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $32.55
Costs to cover: 0.255%
Break-even: 3.3 days

Slippage from edgeX: live order book, 62 min ago; Binance: live order book, 2 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 edgeX live order book, 62 min ago	2.40 bp	6.9 bp −$7	14.4 bp −$144	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.80 bp	5.8 bp −$6	8.0 bp −$80	34.5 bp −$3,450	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
RISEx DRAM/USDC	0.0000%	1h	62.202	−0.027%	$438K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.200	−0.030%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.241	+0.035%	$36K	$178K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.190	−0.046%	$734	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	+0.034%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.190	−0.046%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.231	+0.019%	$1K	$32K	5x	as long as short
edgeX DRAMUSDClong	+0.0030%	4h	62.219	long leg	$151K	$297K	20x
QFEX DRAM-USD	+0.0036%	1h	62.170	−0.079%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.200	−0.030%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	62.160	−0.095%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.155	−0.103%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.195	−0.038%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.140	−0.127%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0066%	1h	62.212	−0.011%	$160K	$454K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.180	−0.062%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0075%	8h	62.210	−0.014%	$5.5M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.196	−0.037%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.209	−0.015%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.190	−0.046%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.250	+0.050%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.210	−0.014%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.198	−0.033%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.330	+0.179%	$535K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0111%	8h	62.225	+0.010%	$9.7M	$9.7M	100x	as long as short
Lighter DRAM	+0.0120%	1h	62.202	−0.027%	$1.0M	$1.1M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0132%	1h	62.189	−0.048%	$81.4M	$35.5M	20x	as long as short
Aster DRAMUSDT	+0.0207%	8h	62.224	+0.008%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	62.194	−0.040%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0318%	8h	62.270	+0.082%	$302K	$26K	20x	as long as short
Binance DRAMUSDTshort	+0.0323%	8h	62.198	−0.034%	$44.7M	$80.1M	50x
Extended DRAM-USD	+0.0328%	1h	62.185	−0.055%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0328%	8h	62.200	−0.030%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0602%	8h	62.230	+0.018%	$8.2M	$3.5M	75x	as long as short