Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0196%/8h= −21.5% APRpaid last 24h −0.007%

Price spread now: Extended against Gate−0.044%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.044%, 7d avg −0.026%

Together, before fees+0.136%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.117% in total (about 6.1% 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	62.530	0.0788	pay 0.0788% / 8h	7h 12m	$8.3M	$3.5M	75x
Short	Extended DRAM-USD	62.502	0.0592	get 0.0074% / 1h	12m 57s	$76K	$663K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.044%Rate

Funding earned: −$41.16
Price spread: −0.044% → −0.026%: −$1.84
Slippage, 4 orders: −$23.81
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$86.8
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Gate: live order book, just now; Extended: live order book, 60 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, just now	1.60 bp	16.1 bp −$16	31.7 bp −$317	87.5 bp −$8,750	doesn't fit
Sell Extended live order book, 60 min ago	0.49 bp	3.3 bp −$3	7.1 bp −$71	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
SunX DRAM-USDT	0.0000%	8h	62.490	−0.064%	$764	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.256%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.510	−0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.478	−0.083%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.470	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.479	−0.082%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.515	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.520	−0.016%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	62.567	+0.058%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.523	−0.011%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.490	−0.064%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.560	+0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.550	+0.032%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.508	−0.035%	$972K	$1.3M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.533	+0.004%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.490	−0.064%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.224%	$540K	$91K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0223%	8h	62.516	−0.022%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	62.502	−0.045%	$82.3M	$37.7M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.500	−0.048%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0239%	8h	62.510	−0.032%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0424%	8h	62.530	0.000%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0465%	8h	62.420	−0.176%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0524%	1h	62.443	−0.139%	$254K	$455K	25x	as long as short
Variational Omni DRAM	+0.0544%	8h	62.545	+0.024%	$2.4M	$750K	—	as long as short
MEXC DRAM_USDT	+0.0591%	8h	62.500	−0.048%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0592%	8h	62.515	−0.024%	$45.0M	$82.0M	50x	as long as short
Extended DRAM-USDshort	+0.0592%	1h	62.502	−0.044%	$76K	$663K	10x
Bitget DRAMUSDT	+0.0594%	8h	62.520	−0.016%	$26.2M	$12.9M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.520	−0.016%	$51K	$81K	10x	as long as short
Gate DRAM_USDTlong	+0.0788%	8h	62.530	long leg	$8.3M	$3.5M	75x
BloFin DRAM-USDT	+0.0958%	8h	62.530	0.000%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1048%	8h	62.562	+0.051%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.508	−0.035%	$461K	$496K	20x	as long as short