Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.8% APRpaid last 24h −0.010%

Price spread now: tradeXYZ against Gate−0.077%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 7 days+0.026%+$3 · spread now −0.077%, 7d avg −0.078%

Together, before fees+0.184%+ Points / potential airdroptradeXYZ: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.078%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.158% in total (about 8.3% 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	62.010	0	get 0.0000% / 8h	46m 25s	$8.3M	$3.4M	75x
Short	tradeXYZ xyz:DRAM	61.962	0.0299	get 0.0037% / 1h	46m 25s	$80.4M	$39.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.077%Rate

Funding earned: $62.82
Price spread: −0.077% → −0.078%: $0.08
Slippage, 4 orders: −$21.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $7.98
Costs to cover: 0.549%
Break-even: 6.1 days

Slippage from Gate: live order book, 2 min ago; tradeXYZ: live order book, 3 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, 2 min ago	1.61 bp	16.8 bp −$17	30.4 bp −$304	133.3 bp −$13.3K	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.08 bp	9.7 bp −$10	11.3 bp −$113	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	62.010	long leg	$8.3M	$3.4M	75x
SunX DRAM-USDT	0.0000%	8h	61.960	−0.081%	$656	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	−0.161%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.870	−0.226%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.921	−0.143%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.226%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.958	−0.084%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.970	−0.065%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	−0.177%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.944	−0.107%	$153K	$290K	20x	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	61.930	−0.129%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.994	−0.026%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.910	−0.161%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	−0.113%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	−0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.987	−0.037%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0138%	8h	61.990	−0.032%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0141%	8h	61.990	−0.032%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0158%	8h	61.994	−0.025%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0169%	8h	61.972	−0.061%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0176%	8h	61.941	−0.112%	$36K	$178K	10x	as long as short
Lighter DRAM	+0.0192%	1h	61.978	−0.052%	$978K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.693%	$510K	$43K	20x	as long as short
Variational Omni DRAM	+0.0237%	8h	61.947	−0.101%	$2.4M	$948K	—	as long as short
Entropy io:DRAM	+0.0247%	1h	61.896	−0.184%	$260K	$502K	25x	as long as short
Bybit DRAMUSDT	+0.0274%	8h	62.037	+0.044%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0288%	1h	61.979	−0.050%	$77K	$766K	10x	as long as short
MEXC DRAM_USDT	+0.0291%	8h	61.990	−0.032%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0294%	8h	61.990	−0.032%	$43.9M	$82.5M	50x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.990	−0.032%	$457K	$475K	20x	as long as short
tradeXYZ xyz:DRAMshort	+0.0299%	1h	61.962	−0.077%	$80.4M	$39.8M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.960	−0.081%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0543%	8h	61.950	−0.097%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.970	−0.065%	$50K	$89K	10x	as long as short