Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0397%/8h= +43.5% APRpaid last 24h +0.034%

Price spread now: Entropy against GRVT−0.119%108s7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$450.447% of the position

Long on GRVT Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.117%+$12 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.119%, 7d avg +0.008%

Together, before fees+0.176%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.127% cheaper against GRVT than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of +0.008%). If the spread goes back, that is −$13 on $10k: about 26 hours of funding at the current rate (+$12 a day). At the pace of the last 4 days (+0.117% in total) that is about 4.8 days. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.117% in total (about 9.7% 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	GRVT DRAM_USDT_Perp	62.070	0.0314	pay 0.0314% / 8h	7h 59m	$37K	$170K	10x
Short	Entropy io:DRAM	61.996	0.0711	get 0.0089% / 1h	59m 40s	$253K	$494K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.119%Rate

Funding earned: $83.47
Price spread: −0.119% → +0.008%: −$12.7
Slippage, 4 orders: −$17.71
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Entropy: 9 bp × 2 orders: −$18
Net: $26.06
Costs to cover: 0.447%
Break-even: 4.8 days

Slippage from GRVT: live order book, 8 min ago; Entropy: live order book, 65 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, 8 min ago	1.61 bp	9.3 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit
Sell Entropy live order book, 65 min ago	3.00 bp	13.4 bp −$13	doesn't fit	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
Bybit DRAMUSDT	0.0000%	8h	61.960	−0.177%	$9.3M	$10.5M	100x	as long as short
Gate DRAM_USDT	0.0000%	8h	62.090	+0.032%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.060	−0.016%	$569	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.050	−0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0041%	1h	62.027	−0.069%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.530	−0.870%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.013	−0.092%	$215K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.050	−0.032%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.850	−0.354%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX DRAMUSDC	+0.0069%	4h	62.024	−0.074%	$153K	$290K	20x	as long as short
QFEX DRAM-USD	+0.0079%	1h	62.050	−0.032%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.979	−0.147%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.010	−0.097%	$3.0M	$469K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.060	−0.016%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.050	−0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.068	−0.003%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0186%	8h	61.930	−0.226%	$5.4M	$4.6M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.880	−0.306%	$535K	$94K	20x	as long as short
Bitget DRAMUSDT	+0.0198%	8h	61.990	−0.129%	$26.2M	$12.5M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0219%	8h	62.052	−0.029%	—	—	5x	as long as short
Lighter DRAM	+0.0256%	1h	61.899	−0.275%	$970K	$1.1M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0302%	1h	62.026	−0.071%	$81.1M	$40.8M	20x	as long as short
GRVT DRAM_USDT_Perplong	+0.0314%	8h	62.070	long leg	$37K	$170K	10x
Aster DRAMUSDT	+0.0316%	8h	62.018	−0.083%	$199K	$36K	20x	as long as short
Variational Omni DRAM	+0.0411%	8h	62.047	−0.038%	$2.4M	$948K	—	as long as short
Extended DRAM-USD	+0.0448%	1h	62.046	−0.039%	$78K	$768K	10x	as long as short
MEXC DRAM_USDT	+0.0450%	8h	62.000	−0.113%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0451%	8h	61.923	−0.237%	$43.6M	$82.8M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0557%	1h	62.040	−0.048%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	62.030	−0.064%	$50K	$89K	10x	as long as short
Entropy io:DRAMshort	+0.0711%	1h	61.996	−0.119%	$253K	$494K	25x
BloFin DRAM-USDT	+0.0756%	8h	62.040	−0.048%	$295K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	61.943	−0.204%	$456K	$475K	20x	as long as short