Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0525%/8h= −57.4% APRpaid last 24h −0.046%

Price spread now: edgeX against Gate−0.111%97s7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.473% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.111%, 7d avg −0.002%

Together, before fees+0.251%+ Points / potential airdropedgeX: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and edgeX is 0.109% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.002%). Swap the legs. The two prices were read 97 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 7 days it paid 0.049% in total (about 2.6% 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	Gate DRAM_USDT	62.290	0.0532	pay 0.0532% / 8h	5h 39m	$8.1M	$3.5M	75x
Short	edgeX DRAMUSDC	62.221	0.0007	get 0.0004% / 4h	1h 39m	$151K	$296K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$110.15
Price spread: −0.111% → −0.002%: −$10.88
Slippage, 4 orders: −$23.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$168.29
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 23 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, 4 min ago	1.61 bp	15.7 bp −$16	24.8 bp −$248	77.4 bp −$7,744	doesn't fit
Sell edgeX live order book, 23 min ago	2.41 bp	6.9 bp −$7	14.7 bp −$147	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	62.220	−0.112%	$441K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.250	−0.064%	$1K	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.210	−0.128%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.250	−0.064%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDCshort	+0.0007%	4h	62.221	−0.111%	$151K	$296K	20x
Aftermath Perps DRAMUSD	+0.0029%	1h	62.198	−0.147%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.200	−0.144%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.170	−0.193%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.188	−0.164%	$253K	$419K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.196	−0.151%	$266K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.229	−0.098%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.190	−0.161%	$1.1M	$2.0M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.210	−0.128%	$1.0M	$78K	10x	as long as short
Lighter DRAM	+0.0064%	1h	62.221	−0.111%	$967K	$1.0M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.210	−0.128%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.187	−0.166%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.230	−0.096%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.180	−0.177%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.250	−0.064%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0104%	8h	62.270	−0.032%	$26.2M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.251	−0.062%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0129%	8h	62.210	−0.128%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0134%	1h	62.215	−0.120%	$81.8M	$37.0M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0175%	8h	62.233	−0.091%	$36K	$157K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.401%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0193%	8h	62.250	−0.064%	$5.5M	$4.5M	50x	as long as short
Bybit DRAMUSDT	+0.0257%	8h	62.284	−0.010%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0405%	8h	62.251	−0.063%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0491%	8h	62.203	−0.140%	$2.4M	$713K	—	as long as short
Binance DRAMUSDT	+0.0527%	8h	62.247	−0.068%	$44.6M	$81.6M	50x	as long as short
Extended DRAM-USD	+0.0528%	1h	62.222	−0.109%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0528%	8h	62.240	−0.080%	$9.6M	$5.5M	100x	as long as short
Gate DRAM_USDTlong	+0.0532%	8h	62.290	long leg	$8.1M	$3.5M	75x
BloFin DRAM-USDT	+0.0779%	8h	62.220	−0.112%	$302K	$26K	20x	as long as short