Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0202%/8h= −22.2% APRpaid last 24h +0.009%

Price spread now: Gate against Entropy+0.073%49s7-day average −0.007% · 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—prices read too far apart to compare

costs, in and out, $10k−$560.562% of the position

Long on Entropy Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.167%−$17 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.073%, 7d avg −0.007%

Together, before fees−0.155%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.080% dearer against Entropy than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.007%): +$8 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 32 hours. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.555	0.0202	pay 0.0025% / 1h	33m 57s	$249K	$503K	25x
Short	Gate DRAM_USDT	61.600	0	get 0.0000% / 8h	2h 33m	$8.2M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.073%Rate

Funding earned: −$42.49
Price spread: +0.073% → −0.007%: $8.04
Slippage, 4 orders: −$23.21
Fee Entropy: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90.66
Costs to cover: 0.562%
Break-even: never at this rate

Slippage from Entropy: live order book, 45 min ago; Gate: live order book, 5 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, 45 min ago	1.87 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.62 bp	13.9 bp −$14	19.8 bp −$198	25.0 bp −$2,503	53.2 bp −$26.6K

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_USDTshort	0.0000%	8h	61.600	+0.073%	$8.2M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	61.590	+0.057%	$644	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	+0.041%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.590	+0.057%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	61.562	+0.012%	$152K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	61.579	+0.038%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.550	−0.008%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.576	+0.034%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.588	+0.054%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.520	−0.057%	$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
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.600	+0.073%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.600	+0.073%	$1.0M	$77K	10x	as long as short
Aster DRAMUSDT	+0.0085%	8h	61.528	−0.044%	$201K	$33K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.521	−0.055%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.550	−0.008%	$3.0M	$484K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.580	+0.041%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.600	+0.073%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.597	+0.069%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0107%	8h	61.590	+0.057%	$25.9M	$12.6M	20x	as long as short
Variational Omni DRAM	+0.0160%	8h	61.583	+0.045%	$2.4M	$999K	—	as long as short
Paradex DRAM-USD-PERP	+0.0162%	8h	61.583	+0.046%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0162%	8h	61.620	+0.106%	$9.1M	$10.2M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0165%	8h	61.578	+0.037%	$36K	$192K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0168%	1h	61.566	+0.018%	$79.0M	$39.7M	20x	as long as short
Entropy io:DRAMlong	+0.0202%	1h	61.555	long leg	$249K	$503K	25x
BloFin DRAM-USDT	+0.0211%	8h	61.590	+0.057%	$295K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0218%	8h	61.580	+0.041%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0220%	8h	61.590	+0.057%	$43.7M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.583	+0.046%	$102K	$741K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.073%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.596	+0.067%	$990K	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0400%	1h	61.590	+0.057%	$13K	$9K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.589	+0.056%	$474K	$440K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.580	+0.041%	$50K	$97K	10x	as long as short