Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h −0.001%

Price spread now: Coinbase International against Gate−0.275%7-day average −0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.303%+$30 on $10k

Price spread, last 3 days (all we have)+0.309%+$31 · spread now −0.275%, 7d avg −0.152%

Together, before fees+0.612%+$61 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.123% cheaper against Gate than usual: you would sell low and buy high (spread −0.275% now, against its 7-day average of −0.152%). If the spread goes back, that is −$12 on $10k: about 47 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRAM_USDT	61.750	0	get 0.0000% / 8h	1h 37m	$8.2M	$3.5M	75x
Short	Coinbase International DRAM-PERP-INTX	61.580	0.0208	get 0.0026% / 1h	37m 02s	$510K	$44K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.275%Rate

Funding earned: $43.68
Price spread: −0.275% → −0.152%: −$12.32
Slippage, 4 orders: −$27.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$20.7
Costs to cover: 0.521%
Break-even: 10.3 days

Slippage from Gate: live order book, 1 min ago; Coinbase International: live order book, 46 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 Gate live order book, 1 min ago	1.62 bp	16.3 bp −$16	33.4 bp −$334	152.1 bp −$15.2K	doesn't fit
Sell Coinbase International live order book, 46 min ago	2.43 bp	8.2 bp −$8	11.2 bp −$112	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
Gate DRAM_USDTlong	0.0000%	8h	61.750	long leg	$8.2M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	61.740	−0.016%	$762	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.720	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.730	−0.032%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0022%	4h	61.745	−0.009%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.725	−0.041%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.620	−0.211%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.689	−0.099%	$254K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.719	−0.050%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.728	−0.036%	$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	61.670	−0.130%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.680	−0.113%	$1.0M	$77K	10x	as long as short
Aster DRAMUSDT	+0.0099%	8h	61.740	−0.016%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.757	+0.011%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.730	−0.032%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.097%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.750	0.000%	$8K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0103%	8h	61.740	−0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0104%	8h	61.730	−0.032%	$26.0M	$12.5M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.753	+0.005%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0141%	8h	61.760	+0.016%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0167%	8h	61.737	−0.021%	—	—	5x	as long as short
Variational Omni DRAM	+0.0180%	8h	61.728	−0.036%	$2.4M	$949K	—	as long as short
Bybit DRAMUSDT	+0.0203%	8h	61.767	+0.028%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0208%	1h	61.580	−0.275%	$510K	$44K	20x
MEXC DRAM_USDT	+0.0230%	8h	61.710	−0.065%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0232%	8h	61.717	−0.053%	$43.7M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.707	−0.070%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.749	−0.002%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0328%	1h	61.727	−0.037%	$991K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0338%	1h	61.713	−0.060%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0408%	8h	61.750	0.000%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.720	−0.049%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.730	−0.032%	$50K	$92K	10x	as long as short