Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.005%

Price spread now: Bybit against Entropy+0.075%7-day average +0.026% · 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−$40as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on Entropy Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.066%−$7 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.075%, 7d avg +0.026%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.048% dearer against Entropy than usual: you sell high and buy low (spread +0.075% now, against its 7-day average of +0.026%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.8 days. At the pace of the last 5 days (−0.066% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	60.295	0.0050	pay 0.0006% / 1h	22m 20s	$162K	$492K	25x
Short	Bybit DRAMUSDT	60.340	0.0032	get 0.0032% / 8h	7h 22m	$9.5M	$10.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.075%Rate

Funding earned: −$3.85
Price spread: +0.075% → +0.026%: $4.81
Slippage, 4 orders: −$15.49
Fee Entropy: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$43.53
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Entropy: live order book, 23 min ago; Bybit: 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, 23 min ago	1.73 bp	10.7 bp −$11	25.6 bp −$256	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.83 bp	7.7 bp −$8	15.8 bp −$158	89.3 bp −$8,929	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	−0.0555%	8h	60.320	+0.041%	$26.3M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.292	−0.005%	$193K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.294	−0.002%	$75K	$246K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.308	+0.021%	$43.5M	$91.4M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.298	+0.006%	$416K	$337K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.340	+0.075%	$7.9M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.320	+0.041%	$8.3M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.103	−0.318%	$2.2M	$687K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.150	−0.241%	$36K	$210K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.320	+0.041%	$734	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DRAM-USDT	0.0000%	8h	60.230	−0.108%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.340	+0.075%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0015%	8h	60.330	+0.058%	$5.4M	$6.1M	50x	as long as short
Bybit DRAMUSDTshort	+0.0032%	8h	60.340	+0.075%	$9.5M	$10.5M	100x
Arcus DRAM-USD	+0.0040%	1h	60.300	+0.008%	$47K	$67K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0041%	1h	60.195	−0.166%	$1K	$29K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.390	+0.158%	—	—	10x	as long as short
BloFin DRAM-USDT	+0.0047%	8h	60.250	−0.075%	$301K	$26K	20x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	60.295	long leg	$162K	$492K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	60.235	−0.100%	$250K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.301	+0.010%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.190	−0.174%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.410	+0.191%	$985K	$91K	10x	as long as short
edgeX DRAMUSDC	+0.0077%	4h	60.132	−0.270%	$146K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.280	−0.025%	$72K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.250	−0.075%	$2.9M	$400K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.180	−0.191%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.280	−0.025%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.268	−0.045%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0116%	8h	60.302	+0.012%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0188%	1h	60.297	+0.003%	$78.2M	$35.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.100	−0.323%	$527K	$87K	20x	as long as short
Lighter DRAM	+0.0288%	1h	60.322	+0.045%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0414%	1h	60.290	−0.008%	$12K	$3K	20x	as long as short