Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.024%

Price spread now: Binance against Entropy+0.003%7-day average +0.016% · 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−$62as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Entropy Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.336%+$34 · spread now +0.003%, 7d avg +0.016%

Together, before fees+0.294%+$29 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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.076	0.0050	pay 0.0006% / 1h	36m 18s	$168K	$470K	25x
Short	Binance DRAMUSDT	61.078	0.0104	get 0.0104% / 8h	1h 36m	$43.7M	$87.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Entropy. 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 EntropybpFee BinancebpOrdersPrice spread, now +0.003%Rate

Funding earned: $11.35
Price spread: +0.003% → +0.016%: −$1.31
Slippage, 4 orders: −$32.57
Fee Entropy: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.53
Costs to cover: 0.606%
Break-even: 38.2 days

Slippage from Entropy: live order book, 29 min ago; Binance: live order book, 6 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 Entropy live order book, 29 min ago	2.44 bp	22.6 bp −$23	101.7 bp −$1,017	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.82 bp	5.8 bp −$6	8.9 bp −$89	35.7 bp −$3,568	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	−0.0546%	8h	61.120	+0.072%	$26.0M	$14.6M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.100	+0.039%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.078	+0.003%	$423K	$365K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.130	+0.088%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	+0.105%	$36K	$200K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.090	+0.023%	$537	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.070	−0.010%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.050	−0.043%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.100	+0.039%	$1.7M	$1.3M	10x	as long as short
Aster DRAMUSDT	+0.0004%	8h	61.093	+0.028%	$197K	$35K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0019%	8h	61.080	+0.007%	$5.4M	$5.9M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.087	+0.019%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.060	−0.026%	$995K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.070	−0.010%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.060	−0.026%	—	—	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	61.076	long leg	$168K	$470K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.041	−0.057%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.081	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.050	−0.043%	$1.0M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0062%	4h	61.075	−0.002%	$148K	$298K	20x	as long as short
Variational Omni DRAM	+0.0063%	8h	61.114	+0.063%	$2.3M	$682K	—	as long as short
tradeXYZ xyz:DRAM	+0.0070%	1h	61.042	−0.056%	$79.0M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0083%	8h	61.080	+0.007%	$300K	$26K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	61.076	0.000%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.081	+0.009%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.060	−0.026%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.090	+0.023%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.080	+0.007%	$8K	—	10x	as long as short
Extended DRAM-USD	+0.0104%	1h	61.064	−0.020%	$74K	$193K	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.077	+0.002%	$4K	—	10x	as long as short
Binance DRAMUSDTshort	+0.0104%	8h	61.078	+0.003%	$43.7M	$87.6M	50x
MEXC DRAM_USDT	+0.0106%	8h	61.070	−0.010%	$8.0M	$5.6M	100x	as long as short
Lighter DRAM	+0.0144%	1h	61.101	+0.041%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.056%	$525K	$75K	20x	as long as short