Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.041%

Price spread now: Arcus against GRVT−0.073%54s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. Arcus is 0.073% cheaper against GRVT than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 6.1 days of funding at the current rate (+$1 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DRAM_USDT_Perp	62.256	0	get 0.0000% / 8h	3h 56m	$37K	$177K	10x
Short	Arcus DRAM-USD	62.210	0.0040	get 0.0005% / 1h	56m 11s	$48K	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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 GRVTbpFee ArcusbpOrdersPrice spread, now −0.073%Rate

Funding earned: $8.46
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$12.36
Costs to cover: 0.135%
Break-even: 17.2 days

Slippage unknown: GRVT: live order book, 57 min ago; Arcus: no order-book sample. Net counts fees only.

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 GRVT live order book, 57 min ago	2.40 bp	6.9 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
RISEx DRAM/USDC	0.0000%	1h	62.191	−0.103%	$438K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.190	−0.105%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perplong	0.0000%	8h	62.256	long leg	$37K	$177K	10x
SunX DRAM-USDT	0.0000%	8h	62.190	−0.105%	$734	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	−0.025%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.190	−0.105%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.231	−0.040%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.170	−0.137%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USDshort	+0.0040%	1h	62.210	−0.073%	$48K	$77K	10x
edgeX DRAMUSDC	+0.0043%	4h	62.225	−0.049%	$151K	$296K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	62.160	−0.153%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.160	−0.153%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.195	−0.097%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.140	−0.186%	$1.1M	$2.3M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.180	−0.121%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0076%	8h	62.210	−0.073%	$5.5M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.185	−0.113%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.198	−0.092%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.190	−0.105%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.280	+0.039%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.210	−0.073%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.198	−0.092%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.330	+0.120%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0108%	1h	62.219	−0.059%	$173K	$447K	25x	as long as short
Bybit DRAMUSDT	+0.0111%	8h	62.220	−0.057%	$9.7M	$9.7M	100x	as long as short
Lighter DRAM	+0.0120%	1h	62.193	−0.100%	$1.0M	$1.1M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0131%	1h	62.165	−0.145%	$81.4M	$35.5M	20x	as long as short
Aster DRAMUSDT	+0.0211%	8h	62.219	−0.058%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	62.194	−0.099%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0318%	8h	62.270	+0.023%	$302K	$26K	20x	as long as short
Extended DRAM-USD	+0.0328%	1h	62.183	−0.116%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0328%	8h	62.190	−0.105%	$44.6M	$80.2M	50x	as long as short
MEXC DRAM_USDT	+0.0330%	8h	62.180	−0.121%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0606%	8h	62.220	−0.057%	$8.1M	$3.5M	75x	as long as short