Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0520%/8h= −56.9% APRpaid last 24h −0.051%

Price spread now: Polymarket Perps against Gate−0.075%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$430.428% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.283%+$28 · spread now −0.075%, 7d avg −0.035%

Together, before fees+0.331%+$33 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 Polymarket Perps is 0.041% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% 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	62.280	0.0570	pay 0.0570% / 8h	6h 27m	$8.2M	$3.4M	75x
Short	Polymarket Perps DRAM-USD	62.233	0.0050	get 0.0006% / 1h	27m 01s	$266K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$109.2
Price spread: −0.075% → −0.035%: −$4.1
Slippage, 4 orders: −$19.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$156.14
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Polymarket Perps: live order book, 1 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	0.80 bp	10.7 bp −$11	25.7 bp −$257	80.3 bp −$8,028	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.17 bp	7.9 bp −$8	7.9 bp −$79	9.4 bp −$937	doesn't fit

DRAM on 33 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	62.260	−0.032%	$903	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	−0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.250	−0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.198	−0.132%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.220	−0.096%	$51K	$82K	10x	as long as short
edgeX DRAMUSDC	+0.0044%	4h	62.246	−0.055%	$151K	$295K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.210	−0.112%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.240	−0.064%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	62.233	−0.075%	$266K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	62.237	−0.069%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.210	−0.112%	$1.2M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0054%	1h	62.195	−0.136%	$253K	$435K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.223	−0.092%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.096%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.145%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.280	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.276	−0.006%	$4K	—	10x	as long as short
Lighter DRAM	+0.0152%	1h	62.238	−0.067%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.241%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0182%	8h	62.251	−0.047%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.280	0.000%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0234%	1h	62.227	−0.085%	$81.9M	$36.9M	20x	as long as short
Bitget DRAMUSDT	+0.0291%	8h	62.250	−0.048%	$26.0M	$13.0M	20x	as long as short
Bybit DRAMUSDT	+0.0358%	8h	62.282	+0.003%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.240	−0.064%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0450%	8h	62.227	−0.086%	$37K	$153K	10x	as long as short
Aster DRAMUSDT	+0.0470%	8h	62.270	−0.015%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0565%	8h	62.205	−0.120%	$2.4M	$759K	—	as long as short
Gate DRAM_USDTlong	+0.0570%	8h	62.280	long leg	$8.2M	$3.4M	75x
Extended DRAM-USD	+0.0592%	1h	62.234	−0.074%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0596%	8h	62.250	−0.048%	$44.7M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0598%	8h	62.240	−0.064%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.260	−0.032%	$448K	$504K	20x	as long as short