Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0534%/8h= +58.5% APRpaid last 24h +0.010%

Price spread now: MEXC against Entropy+0.035%49s7-day average −0.002% · 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−$370.371% of the position

Long on Entropy Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.035%, 7d avg −0.002%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and MEXC is 0.037% dearer against Entropy than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.038% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	62.188	0.0058	pay 0.0007% / 1h	21m 59s	$253K	$430K	25x
Short	MEXC DRAM_USDT	62.210	0.0592	get 0.0592% / 8h	6h 21m	$9.7M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.035%Rate

Funding earned: $112.12
Price spread: +0.035% → −0.002%: $3.69
Slippage, 4 orders: −$19.05
Fee Entropy: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: $78.76
Costs to cover: 0.371%
Break-even: 2.1 days

Slippage from Entropy: live order book, 23 min ago; MEXC: live order book, 1 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	3.21 bp	17.7 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.80 bp	0.8 bp −$1	1.7 bp −$17	6.2 bp −$622	doesn't fit

DRAM on 33 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	62.230	+0.068%	$758	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	+0.084%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.210	+0.035%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	62.251	+0.101%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.213	+0.040%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.220	+0.051%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	+0.003%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.210	+0.035%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.214	+0.042%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.204	+0.026%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	−0.029%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAMlong	+0.0058%	1h	62.188	long leg	$253K	$430K	25x
Pacifica DRAM	+0.0100%	1h	62.197	+0.014%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	+0.051%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.250	+0.100%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.116%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.241	+0.086%	$4K	—	10x	as long as short
Lighter DRAM	+0.0152%	1h	62.202	+0.023%	$967K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.093%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0177%	8h	62.221	+0.052%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0226%	8h	62.230	+0.068%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0230%	1h	62.197	+0.014%	$81.9M	$36.7M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.210	+0.035%	$13K	$3K	20x	as long as short
Bitget DRAMUSDT	+0.0270%	8h	62.220	+0.051%	$26.0M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0335%	8h	62.259	+0.114%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0412%	8h	62.270	+0.132%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0465%	8h	62.251	+0.102%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	+0.156%	$2.4M	$756K	—	as long as short
Gate DRAM_USDT	+0.0563%	8h	62.260	+0.116%	$8.2M	$3.5M	75x	as long as short
Binance DRAMUSDT	+0.0591%	8h	62.210	+0.035%	$44.7M	$81.8M	50x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.196	+0.013%	$75K	$669K	10x	as long as short
MEXC DRAM_USDTshort	+0.0592%	8h	62.210	+0.035%	$9.7M	$5.9M	100x
RISEx DRAM/USDC	+0.0835%	1h	62.227	+0.063%	$448K	$504K	20x	as long as short