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

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0043%/8h= −4.7% APRnext payment $0.43 per $10,000 · paid last 24h −0.024%
Price spread now: GRVT against Gate−0.114%111s7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.557% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.114%, 7d avg +0.013%
Together, before fees+0.191%+ Points / potential airdropGRVT: Active · farm board+$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.127% cheaper against Gate than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.013%). Swap the legs. The two prices were read 111 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate DRAM_USDT61.2200.0043pay 0.0043% / 8h2h 21m$8.0M$3.7M75x
ShortGRVT DRAM_USDT_Perp61.1500get 0.0000% / 8h2h 21m$36K$193K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
−$9.03
Price spread: −0.114% → +0.013%
−$12.71
Slippage, 4 orders
−$31.71
Fee Gate: 7.5 bp × 2 orders
−$15
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$77.45
Costs to cover
0.557%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; GRVT: live order book, 21 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, 2 min ago1.63 bp15.9 bp −$1629.6 bp −$29683.0 bp −$8,301doesn't fit
Sell GRVT live order book, 21 min ago3.26 bp8.7 bp −$915.0 bp −$150doesn't fitdoesn'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
Bitget DRAMUSDT−0.0478%8h61.190−0.049%$25.9M$14.1M20xas long as short
RISEx DRAM/USDC0.0000%1h61.150−0.114%$424K$507K20xas long as short
GRVT DRAM_USDT_Perpshort0.0000%8h61.150−0.114%$36K$193K10x
SunX DRAM-USDT0.0000%8h61.140−0.131%$929$2.6M10xas long as short
HTX DRAM-USDT0.0000%8h61.140−0.131%$27K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.190−0.049%$1.7M$1.3M10xas long as short
Bybit DRAMUSDT+0.0003%8h61.193−0.044%$9.4M$10.2M100xas long as short
Aftermath Perps DRAMUSD+0.0025%1h61.101−0.194%$1K$31K5xas long as short
OKX DRAM-USDT-SWAP+0.0039%8h61.170−0.082%$5.4M$5.6M50xas long as short
Arcus DRAM-USD+0.0040%1h61.100−0.196%$48K$75K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate DRAM_USDTlong+0.0043%8h61.220long leg$8.0M$3.7M75x
Vest DRAM-USD-PERP+0.0046%1h61.110−0.180%10xas long as short
QFEX DRAM-USD+0.0050%1h61.110−0.180%$995K$84K10xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.109−0.181%$254K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.143−0.126%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.090−0.212%$1.1M$3.2M10xas long as short
edgeX DRAMUSDC+0.0055%4h60.942−0.455%$148K$297K20xas long as short
Entropy io:DRAM+0.0065%1h61.117−0.168%$168K$469K25xas long as short
Aster DRAMUSDT+0.0066%8h61.229+0.015%$197K$35K20xas long as short
Pacifica DRAM+0.0100%1h61.149−0.117%$73K$49K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.150−0.114%$3.0M$407K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h60.990−0.376%$21K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.130−0.147%$8K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.141−0.130%$4K10xas long as short
Paradex DRAM-USD-PERP+0.0105%8h61.161−0.096%5xas long as short
Variational Omni DRAM+0.0113%8h61.095−0.204%$2.3M$676Kas long as short
tradeXYZ xyz:DRAM+0.0135%1h61.153−0.109%$79.3M$35.9M20xas long as short
BloFin DRAM-USDT+0.0150%8h61.230+0.016%$302K$26K20xas long as short
MEXC DRAM_USDT+0.0172%8h61.170−0.082%$8.0M$5.7M100xas long as short
Binance DRAMUSDT+0.0173%8h61.160−0.098%$43.7M$85.9M50xas long as short
Extended DRAM-USD+0.0176%1h61.153−0.110%$76K$188K10xas long as short
Coinbase International DRAM-PERP-INTX+0.0184%1h61.110−0.180%$525K$75K20xas long as short
Lighter DRAM+0.0232%1h61.179−0.067%$1.1M$1.2M20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0241%1h61.140−0.131%$13K$3K20xas long as short