Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0166%/8h= −18.1% APRpaid last 24h −0.009%

Price spread now: edgeX against GRVT−0.011%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on GRVT Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 3 days (all we have)+0.014%+$1 · spread now −0.011%, 7d avg −0.016%

Together, before fees+0.049%+ Points / potential airdropGRVT: Active · edgeX: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DRAM_USDT_Perp	61.630	0.0201	pay 0.0201% / 8h	2h 20m	$36K	$190K	10x
Short	edgeX DRAMUSDC	61.623	0.0035	get 0.0018% / 4h	2h 20m	$152K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$34.78
Price spread: −0.011% → −0.016%: $0.51
Slippage, 4 orders: −$10.34
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$62.61
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; edgeX: 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 GRVT live order book, 2 min ago	1.62 bp	6.1 bp −$6	18.2 bp −$182	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	2.43 bp	7.0 bp −$7	14.0 bp −$140	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_USDT	0.0000%	8h	61.630	0.000%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.610	−0.032%	$521	$3.3M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.630	0.000%	$13K	$9K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.620	−0.016%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.601	−0.047%	$1K	$36K	5x	as long as short
edgeX DRAMUSDCshort	+0.0035%	4h	61.623	−0.011%	$152K	$289K	20x
Vest DRAM-USD-PERP	+0.0046%	1h	61.580	−0.081%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.600	−0.049%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.610	−0.032%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.114%	$1.2M	$1.7M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0063%	8h	61.620	−0.016%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.600	−0.049%	$1.0M	$77K	10x	as long as short
Entropy io:DRAM	+0.0091%	1h	61.591	−0.063%	$250K	$505K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.616	−0.023%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.610	−0.032%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.660	+0.049%	$22K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.624	−0.010%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0106%	8h	61.610	−0.032%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0114%	8h	61.647	+0.028%	$201K	$33K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0146%	1h	61.611	−0.031%	$79.0M	$39.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0157%	8h	61.620	−0.016%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0157%	8h	61.640	+0.016%	$9.1M	$10.2M	100x	as long as short
Variational Omni DRAM	+0.0195%	8h	61.612	−0.030%	$2.4M	$980K	—	as long as short
Lighter DRAM	+0.0200%	1h	61.628	−0.003%	$991K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perplong	+0.0201%	8h	61.630	long leg	$36K	$190K	10x
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.195%	$510K	$43K	20x	as long as short
Binance DRAMUSDT	+0.0247%	8h	61.612	−0.029%	$43.7M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.602	−0.045%	$102K	$741K	10x	as long as short
MEXC DRAM_USDT	+0.0248%	8h	61.600	−0.049%	$11.1M	$6.4M	100x	as long as short
BloFin DRAM-USDT	+0.0267%	8h	61.630	0.000%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.612	−0.029%	$475K	$439K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.620	−0.016%	$50K	$95K	10x	as long as short