Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0161%/8h= +17.6% APRnext payment +$1.61 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against Gate+0.049%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$450.449% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 7 days−0.016%−$2 · spread now +0.049%, 7d avg +0.006%
Together, before fees+0.002%$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate DRAM_USDT61.5700get 0.0000% / 8h2h 36m$8.2M$3.5M75x
ShortBybit DRAMUSDT61.6000.0161get 0.0161% / 8h2h 36m$9.1M$10.2M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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

Funding earned
$33.76
Price spread: +0.049% → +0.006%
$4.23
Slippage, 4 orders
−$18.95
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$6.97
Costs to cover
0.449%
Break-even
8.4 days
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago1.62 bp14.6 bp −$1526.4 bp −$264134.9 bp −$13.5K244.5 bp −$122.2K
Sell Bybit live order book, 1 min ago0.81 bp8.5 bp −$914.1 bp −$141125.1 bp −$12.5Kdoesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate DRAM_USDTlong0.0000%8h61.570long leg$8.2M$3.5M75x
SunX DRAM-USDT0.0000%8h61.580+0.016%$817$3.3M10xas long as short
HTX DRAM-USDT0.0000%8h61.5700.000%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.580+0.016%$1.8M$1.3M10xas long as short
edgeX DRAMUSDC+0.0009%4h61.562−0.012%$152K$289K20xas long as short
Aftermath Perps DRAMUSD+0.0038%1h61.565−0.008%$1K$36K5xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.540−0.049%$79710xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.553−0.028%$203K$1.2M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.578+0.013%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.490−0.130%$1.2M$1.7M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX DRAM-USDT-SWAP+0.0051%8h61.560−0.016%$5.4M$4.9M50xas long as short
QFEX DRAM-USD+0.0080%1h61.590+0.032%$1.0M$77K10xas long as short
Aster DRAMUSDT+0.0081%8h61.518−0.085%$201K$33K20xas long as short
Pacifica DRAM+0.0100%1h61.515−0.089%$75K$40K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.540−0.049%$3.0M$483K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h61.500−0.114%$22K$181K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.590+0.032%$8K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.591+0.035%$4K10xas long as short
Bitget DRAMUSDT+0.0105%8h61.5700.000%$25.9M$12.6M20xas long as short
Variational Omni DRAM+0.0150%8h61.565−0.008%$2.4M$1.0Mas long as short
GRVT DRAM_USDT_Perp+0.0159%8h61.5700.000%$36K$192K10xas long as short
Bybit DRAMUSDTshort+0.0161%8h61.600+0.049%$9.1M$10.2M100x
Paradex DRAM-USD-PERP+0.0162%8h61.575+0.008%5xas long as short
tradeXYZ xyz:DRAM+0.0165%1h61.554−0.026%$78.9M$39.6M20xas long as short
BloFin DRAM-USDT+0.0200%8h61.590+0.032%$295K$26K20xas long as short
Entropy io:DRAM+0.0208%1h61.538−0.052%$249K$503K25xas long as short
MEXC DRAM_USDT+0.0213%8h61.580+0.016%$11.1M$6.4M100xas long as short
Binance DRAMUSDT+0.0214%8h61.590+0.032%$43.7M$82.6M50xas long as short
Extended DRAM-USD+0.0216%1h61.580+0.016%$102K$741K10xas long as short
Coinbase International DRAM-PERP-INTX+0.0232%1h61.510−0.097%$510K$43K20xas long as short
Lighter DRAM+0.0240%1h61.589+0.031%$990K$1.2M20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0400%1h61.590+0.032%$13K$9K20xas long as short
RISEx DRAM/USDC+0.0459%1h61.585+0.024%$474K$440K20xas long as short
Arcus DRAM-USD+0.0739%1h61.5700.000%$50K$96K10xas long as short