Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0522%/8h= −57.2% APRpaid last 24h −0.002%

Price spread now: Bitget against edgeX+0.325%64s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.304% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.339%−$34 · spread now +0.325%, 7d avg +0.021%

Together, before fees−0.339%+ Points / potential airdropedgeX: Active · farm board−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.304% dearer against edgeX than usual: you sell high and buy low (spread +0.325% now, against its 7-day average of +0.021%): +$30 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.001% in total) that is about years. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% 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	60.942	0.0055	pay 0.0028% / 4h	2h 22m	$148K	$297K	20x
Short	Bitget DRAMUSDT	61.140	−0.0467	pay 0.0467% / 8h	2h 22m	$25.8M	$14.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.325%Rate

Funding earned: −$109.65
Price spread: +0.325% → +0.021%: $30.4
Slippage, 4 orders: −$9.44
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$109.69
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from edgeX: live order book, 26 min ago; Bitget: live order book, 1 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, 26 min ago	2.43 bp	7.2 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.82 bp	7.8 bp −$8	13.9 bp −$139	37.0 bp −$3,698	110.0 bp −$55.0K

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 DRAMUSDTshort	−0.0467%	8h	61.140	+0.325%	$25.8M	$14.1M	20x
RISEx DRAM/USDC	0.0000%	1h	61.096	+0.254%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.150	+0.342%	$36K	$193K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.090	+0.243%	$810	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.140	+0.325%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.110	+0.276%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0005%	8h	61.166	+0.368%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.101	+0.261%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0036%	8h	61.130	+0.309%	$5.4M	$5.6M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.090	+0.243%	$48K	$75K	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	61.110	+0.276%	—	—	10x	as long as short
Gate DRAM_USDT	+0.0048%	8h	61.160	+0.358%	$8.0M	$3.7M	75x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.110	+0.276%	$995K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.109	+0.275%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.100	+0.260%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.100	+0.260%	$1.1M	$3.2M	10x	as long as short
edgeX DRAMUSDClong	+0.0055%	4h	60.942	long leg	$148K	$297K	20x
Entropy io:DRAM	+0.0057%	1h	61.071	+0.212%	$168K	$469K	25x	as long as short
Aster DRAMUSDT	+0.0065%	8h	61.157	+0.354%	$197K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.090	+0.243%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.089	+0.242%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.090	+0.243%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.990	+0.079%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.130	+0.309%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.088	+0.241%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0105%	8h	61.119	+0.291%	—	—	5x	as long as short
Variational Omni DRAM	+0.0113%	8h	61.095	+0.251%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0133%	1h	61.111	+0.278%	$79.2M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0150%	8h	61.230	+0.473%	$302K	$26K	20x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.094	+0.249%	$76K	$191K	10x	as long as short
MEXC DRAM_USDT	+0.0171%	8h	61.120	+0.293%	$8.0M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0172%	8h	61.140	+0.326%	$43.7M	$85.9M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	+0.276%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0224%	1h	61.122	+0.296%	$1.1M	$1.2M	20x	as long as short