Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h −0.051%

Price spread now: Bitget against Entropy+0.065%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−$41as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on Entropy Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.065%, 7d avg +0.016%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.049% dearer against Entropy than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.016%. Mind the row above: over the last 4 days funding on this pair cost −0.117%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.690	0.0050	pay 0.0006% / 1h	42m 27s	$254K	$506K	25x
Short	Bitget DRAMUSDT	61.730	0.0097	get 0.0097% / 8h	1h 42m	$26.0M	$12.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.065%Rate

Funding earned: $9.87
Price spread: +0.065% → +0.016%: $4.92
Slippage, 4 orders: −$15.7
Fee Entropy: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$30.91
Costs to cover: 0.457%
Break-even: 28.9 days

Slippage from Entropy: live order book, 33 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 Entropy live order book, 33 min ago	3.01 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.81 bp	8.0 bp −$8	17.4 bp −$174	40.7 bp −$4,070	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
Gate DRAM_USDT	0.0000%	8h	61.730	+0.065%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	+0.032%	$971	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.720	+0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	+0.049%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.709	+0.031%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.660	−0.049%	—	$797	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	61.690	long leg	$254K	$506K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.711	+0.034%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.715	+0.041%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.670	−0.032%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.710	+0.032%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0088%	4h	61.725	+0.056%	$153K	$290K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0090%	8h	61.720	+0.049%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0093%	8h	61.729	+0.063%	$198K	$36K	20x	as long as short
Bitget DRAMUSDTshort	+0.0097%	8h	61.730	+0.065%	$26.0M	$12.5M	20x
Pacifica DRAM	+0.0100%	1h	61.726	+0.058%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	+0.049%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.670	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.720	+0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.724	+0.054%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0133%	8h	61.731	+0.066%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0156%	8h	61.712	+0.036%	—	—	5x	as long as short
Variational Omni DRAM	+0.0173%	8h	61.699	+0.015%	$2.4M	$967K	—	as long as short
Bybit DRAMUSDT	+0.0187%	8h	61.770	+0.130%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.178%	$510K	$44K	20x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.709	+0.032%	$102K	$741K	10x	as long as short
MEXC DRAM_USDT	+0.0224%	8h	61.720	+0.049%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0225%	8h	61.720	+0.048%	$43.7M	$82.5M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.720	+0.049%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0328%	1h	61.721	+0.050%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0334%	1h	61.708	+0.029%	$79.3M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0349%	8h	61.750	+0.097%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	+0.032%	$50K	$92K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0723%	1h	61.710	+0.032%	$13K	$9K	20x	as long as short