Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0323%/8h= −35.3% APRpaid last 24h +0.017%

Price spread now: Entropy against edgeX+0.005%48s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$590.592% of the position

Long on edgeX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.078%+$8 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.005%, 7d avg +0.002%

Together, before fees−0.032%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair paid +0.078%, so the current rate has only just turned against you. The two prices were read 48 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 5 days it paid 0.078% in total (about 6.0% 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	60.606	0.0046	pay 0.0023% / 4h	3h 50m	$147K	$299K	20x
Short	Entropy io:DRAM	60.609	−0.0277	pay 0.0035% / 1h	50m 45s	$179K	$466K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now +0.005%Rate

Funding earned: −$67.76
Price spread: +0.005% → +0.002%: $0.28
Slippage, 4 orders: −$32.25
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$126.73
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from edgeX: live order book, 47 min ago; Entropy: live order book, 64 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, 47 min ago	2.46 bp	7.0 bp −$7	15.3 bp −$153	doesn't fit	doesn't fit
Sell Entropy live order book, 64 min ago	2.38 bp	23.9 bp −$24	doesn't fit	doesn't fit	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	−0.0733%	8h	60.600	−0.010%	$26.4M	$15.2M	20x	as long as short
Entropy io:DRAMshort	−0.0277%	1h	60.609	+0.005%	$179K	$466K	25x
Aster DRAMUSDT	0.0000%	8h	60.606	+0.001%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.593	−0.022%	$76K	$218K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.588	−0.030%	$43.6M	$89.5M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.580	−0.043%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.636	+0.049%	$418K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.640	+0.056%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.610	+0.007%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.635	+0.048%	$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	+0.043%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.620	+0.023%	$855	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.680	+0.122%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.630	+0.040%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0004%	8h	60.580	−0.043%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0034%	8h	60.600	−0.010%	$298K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.637	+0.051%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.620	+0.023%	$47K	$67K	10x	as long as short
edgeX DRAMUSDClong	+0.0046%	4h	60.606	long leg	$147K	$299K	20x
Vest DRAM-USD-PERP	+0.0046%	1h	60.650	+0.073%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.575	−0.051%	$252K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.609	+0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.580	−0.043%	$1.1M	$3.5M	10x	as long as short
tradeXYZ xyz:DRAM	+0.0051%	1h	60.558	−0.079%	$78.4M	$34.8M	20x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.720	+0.188%	$990K	$84K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.601	−0.008%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.607	+0.001%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.600	−0.010%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.620	+0.023%	$21K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.610	+0.007%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.594	−0.019%	$4K	—	10x	as long as short
Lighter DRAM	+0.0240%	1h	60.577	−0.048%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0245%	1h	60.610	+0.007%	$12K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	−0.026%	$532K	$86K	20x	as long as short