Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h −0.012%

Price spread now: OKX against Entropy+0.091%7-day average +0.007% · you sell dearer than you buy

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

Long on Entropy Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now +0.091%, 7d avg +0.007%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.085% dearer against Entropy than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.007%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 5 days (−0.061% in total) that is about 6.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	62.403	0.0163	pay 0.0020% / 1h	42m 45s	$233K	$420K	25x
Short	OKX DRAM-USDT-SWAP	62.460	0.0145	get 0.0145% / 8h	4h 42m	$5.5M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$3.92
Price spread: +0.091% → +0.007%: $8.48
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.45
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 52 min ago; OKX: live order book, 5 min ago. 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, 52 min ago	2.49 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.80 bp	7.7 bp −$8	14.5 bp −$145	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	62.442	+0.063%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.440	+0.059%	$892	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.390	−0.021%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.059%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	62.370	−0.053%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.436	+0.053%	$970K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.069%	$51K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.380	−0.037%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.402	−0.002%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.439	+0.058%	$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	62.390	−0.021%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.410	+0.011%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	62.383	−0.032%	$151K	$298K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0081%	8h	62.402	−0.001%	$37K	$167K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0098%	1h	62.427	+0.038%	$81.9M	$35.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	62.439	+0.058%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.405	+0.003%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.420	+0.027%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.390	−0.021%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.470	+0.107%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0103%	8h	62.450	+0.075%	$26.3M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.458	+0.088%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0145%	8h	62.460	+0.091%	$5.5M	$4.5M	50x
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.117%	$535K	$75K	20x	as long as short
Entropy io:DRAMlong	+0.0163%	1h	62.403	long leg	$233K	$420K	25x
Bybit DRAMUSDT	+0.0206%	8h	62.487	+0.135%	$9.7M	$9.9M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.440	+0.059%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0319%	8h	62.462	+0.094%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0405%	8h	62.383	−0.031%	$2.4M	$738K	—	as long as short
Binance DRAMUSDT	+0.0434%	8h	62.440	+0.059%	$45.0M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0438%	8h	62.450	+0.075%	$9.2M	$5.4M	100x	as long as short
Extended DRAM-USD	+0.0440%	1h	62.434	+0.050%	$75K	$636K	10x	as long as short
BloFin DRAM-USDT	+0.0589%	8h	62.420	+0.027%	$303K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0611%	8h	62.480	+0.123%	$8.2M	$3.5M	75x	as long as short