Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0590%/8h= +64.6% APRpaid last 24h +0.045%

Price spread now: Extended against edgeX+0.022%53s7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$320.320% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.022%, 7d avg −0.024%

Together, before fees+0.029%+ Points / potential airdropedgeX: Active · Extended: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Extended is 0.046% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.024%. The two prices were read 53 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 0.073% in total (about 3.8% 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	62.437	0.0018	pay 0.0009% / 4h	3h 08m	$151K	$295K	20x
Short	Extended DRAM-USD	62.451	0.0608	get 0.0076% / 1h	8m 27s	$76K	$663K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.022%Rate

Funding earned: $123.9
Price spread: +0.022% → −0.024%: $4.58
Slippage, 4 orders: −$18.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $96.46
Costs to cover: 0.320%
Break-even: 1.6 days

Slippage from edgeX: live order book, 64 min ago; Extended: live order book, 65 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, 64 min ago	8.08 bp	12.9 bp −$13	20.8 bp −$208	doesn't fit	doesn't fit
Sell Extended live order book, 65 min ago	0.49 bp	3.3 bp −$3	7.1 bp −$71	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
SunX DRAM-USDT	0.0000%	8h	62.430	−0.011%	$855	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.460	+0.037%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.005%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDClong	+0.0018%	4h	62.437	long leg	$151K	$295K	20x
Aftermath Perps DRAMUSD	+0.0035%	1h	62.434	−0.004%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.400	−0.059%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.439	+0.004%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.428	−0.014%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	−0.059%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.465	+0.045%	$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	62.420	−0.027%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.021%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.460	+0.037%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.447	+0.017%	$4K	—	10x	as long as short
Lighter DRAM	+0.0112%	1h	62.445	+0.013%	$971K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.460	+0.037%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.075%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	62.438	+0.002%	$82.2M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0231%	8h	62.472	+0.057%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0244%	8h	62.440	+0.005%	$5.5M	$4.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.410	−0.043%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0467%	8h	62.518	+0.130%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0480%	8h	62.351	−0.138%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0514%	1h	62.371	−0.105%	$255K	$448K	25x	as long as short
Variational Omni DRAM	+0.0561%	8h	62.435	−0.003%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0595%	8h	62.480	+0.069%	$26.2M	$12.9M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.450	+0.021%	$51K	$82K	10x	as long as short
Extended DRAM-USDshort	+0.0608%	1h	62.451	+0.022%	$76K	$663K	10x
MEXC DRAM_USDT	+0.0608%	8h	62.460	+0.037%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0610%	8h	62.469	+0.051%	$45.0M	$81.9M	50x	as long as short
Gate DRAM_USDT	+0.0820%	8h	62.480	+0.069%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0957%	8h	62.460	+0.037%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1026%	8h	62.510	+0.117%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.465	+0.045%	$456K	$498K	20x	as long as short