Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.014%

Price spread now: GRVT against Entropy+0.046%7-day average 0.000% · 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−$37as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on Entropy Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.085%−$9 on $10k

Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.046%, 7d avg 0.000%

Together, before fees−0.068%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.047% dearer against Entropy than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of 0.000%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	62.212	0.0066	pay 0.0008% / 1h	55m 27s	$160K	$454K	25x
Short	GRVT DRAM_USDT_Perp	62.241	0	get 0.0000% / 8h	3h 55m	$36K	$178K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$13.83
Price spread: +0.046% → 0.000%: $4.66
Slippage, 4 orders: −$14.52
Fee Entropy: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$50.69
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from Entropy: live order book, 30 min ago; GRVT: live order book, 57 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, 30 min ago	2.16 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 57 min ago	2.40 bp	7.7 bp −$8	19.5 bp −$195	doesn't fit	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	62.202	−0.016%	$438K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.190	−0.035%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perpshort	0.0000%	8h	62.241	+0.046%	$36K	$178K	10x
SunX DRAM-USDT	0.0000%	8h	62.190	−0.035%	$734	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	+0.045%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.190	−0.035%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.216	+0.007%	$1K	$32K	5x	as long as short
edgeX DRAMUSDC	+0.0030%	4h	62.219	+0.011%	$151K	$297K	20x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.170	−0.068%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.200	−0.019%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	62.160	−0.084%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.155	−0.092%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.195	−0.027%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.140	−0.116%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAMlong	+0.0066%	1h	62.212	long leg	$160K	$454K	25x
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.180	−0.051%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0075%	8h	62.210	−0.003%	$5.5M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.196	−0.026%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.209	−0.004%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.170	−0.068%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.250	+0.061%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.220	+0.013%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.204	−0.013%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.330	+0.190%	$535K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0111%	8h	62.223	+0.018%	$9.7M	$9.7M	100x	as long as short
Lighter DRAM	+0.0120%	1h	62.202	−0.016%	$1.0M	$1.1M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0125%	1h	62.163	−0.079%	$81.4M	$35.5M	20x	as long as short
Aster DRAMUSDT	+0.0207%	8h	62.221	+0.015%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	62.194	−0.029%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0318%	8h	62.270	+0.093%	$302K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0323%	8h	62.189	−0.037%	$44.6M	$80.2M	50x	as long as short
Extended DRAM-USD	+0.0328%	1h	62.185	−0.044%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0328%	8h	62.180	−0.051%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0602%	8h	62.220	+0.013%	$8.1M	$3.5M	75x	as long as short