Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.007%

Price spread now: KuCoin against Entropy−0.095%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on Entropy Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.095%, 7d avg −0.030%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.064% cheaper against Entropy than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of −0.030%). If the spread goes back, that is −$6 on $10k: about 4.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	60.217	0.0050	pay 0.0006% / 1h	31m 12s	$166K	$489K	25x
Short	KuCoin DRAMUSDTM	60.160	0.0100	get 0.0100% / 8h	7h 31m	$2.9M	$401K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.095%Rate

Funding earned: $10.5
Price spread: −0.095% → −0.030%: −$6.42
Slippage, 4 orders: −$54.28
Fee Entropy: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$80.21
Costs to cover: 0.843%
Break-even: 60.5 days

Slippage from Entropy: live order book, 14 min ago; KuCoin: 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, 14 min ago	1.73 bp	10.7 bp −$11	25.6 bp −$256	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	0.83 bp	27.4 bp −$27	doesn't fit	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
Bitget DRAMUSDT	−0.0617%	8h	60.150	−0.111%	$26.3M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.146	−0.118%	$193K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.142	−0.125%	$75K	$216K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.128	−0.147%	$43.2M	$90.9M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.167	−0.083%	$9.5M	$10.5M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.170	−0.078%	$417K	$345K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.160	−0.095%	$7.8M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.130	−0.144%	$8.3M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.405	+0.312%	$2.3M	$577K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.450	+0.387%	$36K	$210K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.150	−0.111%	$814	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.180	−0.061%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.150	−0.111%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0002%	8h	60.160	−0.095%	$5.3M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0008%	8h	60.170	−0.078%	$298K	$25K	20x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	60.326	+0.180%	$146K	$300K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.130	−0.144%	$47K	$67K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	60.292	+0.124%	$1K	$29K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.120	−0.161%	—	—	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	60.217	long leg	$166K	$489K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	60.099	−0.196%	$250K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.126	−0.151%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.050	−0.277%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.150	−0.111%	$980K	$86K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	60.120	−0.162%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.118	−0.165%	$72K	$34K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	60.160	−0.095%	$2.9M	$401K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	60.270	+0.088%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.190	−0.045%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.150	−0.112%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0148%	1h	60.112	−0.174%	$78.0M	$35.4M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.340	+0.204%	$530K	$87K	20x	as long as short
Lighter DRAM	+0.0272%	1h	60.151	−0.110%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0416%	1h	60.130	−0.144%	$12K	$3K	20x	as long as short