Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0393%/8h= +43.0% APRpaid last 24h +0.016%

Price spread now: GRVT against edgeX+0.031%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on edgeX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.031%, 7d avg +0.016%

Together, before fees−0.038%+ Points / potential airdropedgeX: Active · GRVT: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -2.0% 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	62.251	0.0019	pay 0.0010% / 4h	2h 22m	$151K	$296K	20x
Short	GRVT DRAM_USDT_Perp	62.270	0.0412	get 0.0412% / 8h	6h 22m	$37K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.031%Rate

Funding earned: $82.49
Price spread: +0.031% → +0.016%: $1.5
Slippage, 4 orders: −$22.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $42.99
Costs to cover: 0.410%
Break-even: 3.4 days

Slippage from edgeX: live order book, 45 min ago; GRVT: live order book, 40 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, 45 min ago	6.40 bp	11.0 bp −$11	18.8 bp −$188	doesn't fit	doesn't fit
Sell GRVT live order book, 40 min ago	3.20 bp	7.7 bp −$8	20.2 bp −$202	doesn't fit	doesn't fit

DRAM on 33 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	62.220	−0.049%	$791	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	−0.017%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.230	−0.033%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDClong	+0.0019%	4h	62.251	long leg	$151K	$296K	20x
Aftermath Perps DRAMUSD	+0.0034%	1h	62.213	−0.061%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.220	−0.049%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.098%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.210	−0.065%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.214	−0.059%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.227	−0.038%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	−0.130%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0058%	1h	62.188	−0.101%	$253K	$430K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.197	−0.087%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.049%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.250	−0.001%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.015%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.251	0.000%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.194%	$534K	$93K	20x	as long as short
Lighter DRAM	+0.0160%	1h	62.219	−0.051%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0177%	8h	62.221	−0.048%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0226%	8h	62.240	−0.017%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0232%	1h	62.213	−0.061%	$81.9M	$36.7M	20x	as long as short
Bitget DRAMUSDT	+0.0270%	8h	62.240	−0.017%	$26.0M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0335%	8h	62.278	+0.044%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.220	−0.049%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perpshort	+0.0412%	8h	62.270	+0.031%	$37K	$154K	10x
Aster DRAMUSDT	+0.0465%	8h	62.250	−0.002%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	+0.055%	$2.4M	$756K	—	as long as short
Gate DRAM_USDT	+0.0563%	8h	62.270	+0.031%	$8.2M	$3.5M	75x	as long as short
Binance DRAMUSDT	+0.0591%	8h	62.240	−0.018%	$44.7M	$81.8M	50x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.216	−0.056%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0592%	8h	62.230	−0.033%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.227	−0.038%	$448K	$504K	20x	as long as short