Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.061%

Price spread now: HTX against Entropy+0.116%7-day average — · you sell dearer than you buy

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

Long on Entropy Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.116% dearer against Entropy than usual: you sell high and buy low (spread +0.116% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	62.248	0.0050	pay 0.0006% / 1h	45m 36s	$253K	$444K	25x
Short	HTX DRAM-USDT	62.320	0	get 0.0000% / 8h	6h 45m	$28K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$10.5
Price spread: +0.116% → 0.000%: $11.57
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$28.93
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 69 min ago; HTX: no order-book sample. 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, 69 min ago	2.25 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
SunX DRAM-USDT	0.0000%	8h	62.320	+0.116%	$681	$2.9M	10x	as long as short
HTX DRAM-USDTshort	0.0000%	8h	62.320	+0.116%	$28K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	62.270	+0.035%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.273	+0.040%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.280	+0.051%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.240	−0.013%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.230	−0.029%	$1.0M	$78K	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	62.248	long leg	$253K	$444K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	62.243	−0.008%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.278	+0.048%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.220	−0.045%	$1.1M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0096%	4h	62.271	+0.037%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.231	−0.027%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	−0.013%	$3.0M	$412K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.330	+0.132%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.310	+0.100%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.303	+0.088%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.255	+0.011%	$967K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.228%	$540K	$90K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0197%	8h	62.249	+0.002%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0225%	1h	62.244	−0.006%	$82.0M	$37.3M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0230%	8h	62.290	+0.067%	$5.5M	$4.7M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.250	+0.003%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0375%	8h	62.305	+0.092%	$9.7M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0469%	8h	62.260	+0.019%	$26.1M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0485%	8h	62.280	+0.052%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0573%	8h	62.275	+0.044%	$2.4M	$757K	—	as long as short
MEXC DRAM_USDT	+0.0612%	8h	62.250	+0.003%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0612%	8h	62.255	+0.012%	$44.7M	$82.0M	50x	as long as short
Extended DRAM-USD	+0.0616%	1h	62.244	−0.007%	$76K	$663K	10x	as long as short
Gate DRAM_USDT	+0.0671%	8h	62.290	+0.067%	$8.2M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0699%	8h	62.329	+0.130%	$37K	$152K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.250	+0.003%	$450K	$503K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.212%	$301K	$26K	20x	as long as short