Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h −0.009%

Price spread now: Entropy against Gate−0.142%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$700.696% of the position

Long on Gate Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.168%+$17 on $10k

Price spread, last 4 days (all we have)+0.075%+$8 · spread now −0.142%, 7d avg +0.006%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.148% cheaper against Gate than usual: you would sell low and buy high (spread −0.142% now, against its 7-day average of +0.006%). If the spread goes back, that is −$15 on $10k: about 2.9 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRAM_USDT	61.930	0	get 0.0000% / 8h	54m 34s	$8.3M	$3.4M	75x
Short	Entropy io:DRAM	61.842	0.0169	get 0.0021% / 1h	54m 34s	$260K	$500K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.142%Rate

Funding earned: $35.46
Price spread: −0.142% → +0.006%: −$14.77
Slippage, 4 orders: −$36.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$48.95
Costs to cover: 0.696%
Break-even: 16.7 days

Slippage from Gate: live order book, 4 min ago; Entropy: live order book, 11 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	1.62 bp	19.5 bp −$19	41.6 bp −$416	148.5 bp −$14.9K	doesn't fit
Sell Entropy live order book, 11 min ago	3.00 bp	13.4 bp −$13	doesn't fit	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	61.930	long leg	$8.3M	$3.4M	75x
SunX DRAM-USDT	0.0000%	8h	61.920	−0.016%	$751	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.860	−0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.880	−0.081%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0015%	4h	61.850	−0.129%	$153K	$288K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.835	−0.154%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.840	−0.145%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.890	−0.065%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.906	−0.039%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.810	−0.194%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.890	−0.065%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.838	−0.148%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.850	−0.129%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.790	−0.226%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.890	−0.065%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.897	−0.053%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0134%	8h	61.930	0.000%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0134%	8h	61.910	−0.032%	$26.0M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0136%	8h	61.830	−0.161%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0153%	8h	61.860	−0.113%	$36K	$180K	10x	as long as short
Entropy io:DRAMshort	+0.0169%	1h	61.842	−0.142%	$260K	$500K	25x
Paradex DRAM-USD-PERP	+0.0173%	8h	61.916	−0.022%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.565%	$510K	$43K	20x	as long as short
Variational Omni DRAM	+0.0218%	8h	61.867	−0.102%	$2.4M	$949K	—	as long as short
Lighter DRAM	+0.0224%	1h	61.912	−0.029%	$977K	$1.2M	20x	as long as short
Bybit DRAMUSDT	+0.0263%	8h	61.960	+0.048%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0264%	1h	61.899	−0.051%	$77K	$766K	10x	as long as short
MEXC DRAM_USDT	+0.0266%	8h	61.920	−0.016%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0271%	8h	61.910	−0.032%	$43.9M	$82.3M	50x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.910	−0.032%	$456K	$475K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0336%	1h	61.921	−0.015%	$80.2M	$39.7M	20x	as long as short
BloFin DRAM-USDT	+0.0528%	8h	61.920	−0.016%	$295K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.920	−0.016%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.910	−0.032%	$51K	$89K	10x	as long as short