Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0723%/8h= +79.2% APRpaid last 24h +0.043%

Price spread now: BloFin against Entropy+0.103%7-day average +0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Entropy Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.103%, 7d avg +0.002%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and BloFin is 0.101% dearer against Entropy than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.002%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.007% in total (about -0.6% 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	Entropy io:DRAM	62.206	0.0058	pay 0.0007% / 1h	32m 59s	$253K	$419K	25x
Short	BloFin DRAM-USDT	62.270	0.0781	get 0.0781% / 8h	5h 32m	$302K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.103%Rate

Funding earned: $151.82
Price spread: +0.103% → +0.002%: $10.09
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: $131.91
Costs to cover: 0.300%
Break-even: 0.9 days

Slippage unknown: Entropy: live order book, 2 min ago; BloFin: live order book, 7 min ago. Net counts fees only.

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, 2 min ago	2.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	2.41 bp	9.7 bp −$10	14.0 bp −$140	48.4 bp −$4,843	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
RISEx DRAM/USDC	0.0000%	1h	62.262	+0.090%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.270	+0.103%	$780	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	+0.023%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.280	+0.119%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.221	+0.024%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	+0.039%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.026%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.235	+0.047%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.267	+0.098%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	−0.042%	$1.1M	$2.1M	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	+0.0055%	1h	62.250	+0.071%	$1.0M	$78K	10x	as long as short
Entropy io:DRAMlong	+0.0058%	1h	62.206	long leg	$253K	$419K	25x
edgeX DRAMUSDC	+0.0087%	4h	62.235	+0.046%	$151K	$297K	20x	as long as short
Bitget DRAMUSDT	+0.0089%	8h	62.290	+0.135%	$26.3M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.267	+0.098%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.250	+0.071%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.026%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.290	+0.135%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.287	+0.131%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.255	+0.079%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0137%	8h	62.251	+0.072%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0169%	8h	62.246	+0.065%	$36K	$157K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0174%	1h	62.245	+0.063%	$81.8M	$37.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.267%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0195%	8h	62.280	+0.119%	$5.5M	$4.5M	50x	as long as short
Bybit DRAMUSDT	+0.0273%	8h	62.309	+0.166%	$9.7M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.250	+0.071%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0401%	8h	62.291	+0.136%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0488%	8h	62.263	+0.091%	$2.4M	$715K	—	as long as short
Extended DRAM-USD	+0.0520%	1h	62.250	+0.071%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0522%	8h	62.268	+0.099%	$44.7M	$81.8M	50x	as long as short
MEXC DRAM_USDT	+0.0522%	8h	62.270	+0.103%	$9.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0545%	8h	62.320	+0.183%	$8.1M	$3.5M	75x	as long as short
BloFin DRAM-USDTshort	+0.0781%	8h	62.270	+0.103%	$302K	$26K	20x