Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.014%

Price spread now: Orderly against Entropy+0.033%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 Orderly

What this pair did over the last

the charts below follow

Funding, last 6 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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.033% dearer against Entropy than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	63.009	0.0050	pay 0.0006% / 1h	5m 28s	$226K	$1.3M	25x
Short	Orderly PERP_DRAM_USDC_mythos	63.030	0.0100	get 0.0100% / 8h	6h 05m	$9K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.033%Rate

Funding earned: $10.5
Price spread: +0.033% → 0.000%: $3.33
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.17
Costs to cover: 0.240%
Break-even: 13.8 days

Slippage unknown: Entropy: live order book, 3 min ago; Orderly: 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, 3 min ago	6.75 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 exchanges

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
OKX DRAM-USDT-SWAP	0.0000%	8h	63.010	+0.002%	$5.5M	$8.9M	50x	as long as short
Gate DRAM_USDT	0.0000%	8h	63.030	+0.033%	$7.8M	$3.5M	75x	as long as short
Bitget DRAMUSDT	0.0000%	8h	63.040	+0.049%	$26.8M	$15.2M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	63.030	+0.033%	$37K	$130K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	63.020	+0.017%	$906	$812K	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	63.120	+0.176%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	63.040	+0.049%	$1.8M	$1.3M	10x	as long as short
Vest DRAM-USD-PERP	+0.0028%	1h	62.940	−0.110%	—	$200	10x	as long as short
BloFin DRAM-USDT	+0.0030%	8h	63.010	+0.002%	$327K	$30K	20x	as long as short
QFEX DRAM-USD	+0.0037%	1h	63.020	+0.017%	$1.0M	$177K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0039%	1h	63.020	+0.017%	$1K	$23K	5x	as long as short
Aster DRAMUSDT	+0.0044%	8h	63.037	+0.045%	$196K	$103K	20x	as long as short
Bybit DRAMUSDT	+0.0045%	8h	63.050	+0.065%	$9.6M	$10.3M	100x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	63.009	long leg	$226K	$1.3M	25x
SoDEX DRAM-USD	+0.0050%	1h	63.019	+0.016%	$2K	$16K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.980	−0.046%	$1.3M	$2.3M	10x	as long as short
Polymarket Perps DRAM-USD	+0.0058%	1h	63.026	+0.027%	$266K	$1.7M	10x	as long as short
edgeX DRAMUSDC	+0.0068%	4h	63.015	+0.009%	$155K	$351K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0098%	8h	63.012	+0.005%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	63.013	+0.006%	$84K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.980	−0.046%	$3.0M	$545K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	63.040	+0.049%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	63.030	+0.033%	$9K	—	10x
Variational Omni DRAM	+0.0101%	8h	63.063	+0.086%	$2.4M	$1.4M	—	as long as short
Aevo DRAM-PERP	+0.0104%	1h	63.034	+0.040%	$4K	—	10x	as long as short
Binance DRAMUSDT	+0.0128%	8h	63.030	+0.033%	$44.7M	$104.7M	50x	as long as short
Extended DRAM-USD	+0.0128%	1h	63.021	+0.020%	$90K	$1.5M	10x	as long as short
MEXC DRAM_USDT	+0.0128%	8h	63.020	+0.017%	$10.0M	$8.0M	100x	as long as short
RISEx DRAM/USDC	+0.0192%	1h	63.056	+0.074%	$291K	$679K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0200%	1h	63.160	+0.240%	$587K	$193K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0240%	1h	63.006	−0.005%	$84.6M	$46.3M	20x	as long as short
Lighter DRAM	+0.0304%	1h	63.037	+0.044%	$1.0M	$1.2M	20x	as long as short
Arcus DRAM-USD	+0.0531%	1h	63.000	−0.014%	$43K	$232K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0544%	1h	63.020	+0.017%	$18K	$19K	20x	as long as short