Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.006%

Price spread now: Coinbase International against GRVT−0.109%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.109%, 7d avg −0.159%

Together, before fees+0.365%+ Points / potential airdropGRVT: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.050% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DRAM_USDT_Perp	62.398	0.0099	pay 0.0099% / 8h	4h 45m	$37K	$165K	10x
Short	Coinbase International DRAM-PERP-INTX	62.330	0.0152	get 0.0019% / 1h	45m 38s	$535K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.109%Rate

Funding earned: $11.13
Price spread: −0.109% → −0.159%: $4.99
Slippage, 4 orders: −$11.81
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.68
Costs to cover: 0.308%
Break-even: 16.2 days

Slippage from GRVT: live order book, 7 min ago; Coinbase International: live order book, 13 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 GRVT live order book, 7 min ago	2.40 bp	6.9 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell Coinbase International live order book, 13 min ago	2.40 bp	8.2 bp −$8	13.1 bp −$131	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
RISEx DRAM/USDC	0.0000%	1h	62.391	−0.012%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.400	+0.003%	$929	$2.7M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	62.390	−0.013%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.340	−0.093%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.400	+0.003%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0026%	1h	62.351	−0.075%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.376	−0.036%	$969K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.061%	$51K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.360	−0.061%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.375	−0.037%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.393	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.340	−0.093%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.370	−0.045%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	62.383	−0.024%	$151K	$298K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0097%	1h	62.363	−0.056%	$81.8M	$35.6M	20x	as long as short
GRVT DRAM_USDT_Perplong	+0.0099%	8h	62.398	long leg	$37K	$165K	10x
Pacifica DRAM	+0.0100%	1h	62.360	−0.061%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.029%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.370	−0.045%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.420	+0.035%	$9K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0100%	8h	62.386	−0.019%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.417	+0.030%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0105%	8h	62.390	−0.013%	$26.3M	$13.2M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0149%	8h	62.390	−0.013%	$5.5M	$4.4M	50x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0152%	1h	62.330	−0.109%	$535K	$75K	20x
Entropy io:DRAM	+0.0161%	1h	62.369	−0.047%	$234K	$419K	25x	as long as short
Bybit DRAMUSDT	+0.0206%	8h	62.427	+0.046%	$9.7M	$9.9M	100x	as long as short
Aster DRAMUSDT	+0.0323%	8h	62.402	+0.006%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0405%	8h	62.383	−0.024%	$2.4M	$738K	—	as long as short
Binance DRAMUSDT	+0.0442%	8h	62.390	−0.013%	$45.0M	$80.5M	50x	as long as short
MEXC DRAM_USDT	+0.0444%	8h	62.380	−0.029%	$9.2M	$5.4M	100x	as long as short
Extended DRAM-USD	+0.0448%	1h	62.373	−0.041%	$75K	$636K	10x	as long as short
Gate DRAM_USDT	+0.0605%	8h	62.420	+0.035%	$8.2M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0607%	8h	62.420	+0.035%	$303K	$26K	20x	as long as short