Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.002%

Price spread now: tradeXYZ against GRVT−0.109%106s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

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

costs, in and out, $10k−$350.346% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.109%, 7d avg −0.052%

Together, before fees+0.197%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.057% cheaper against GRVT than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.052%). If the spread goes back, that is −$6 on $10k: about 44 hours of funding at the current rate (+$3 a day). The two prices were read 106 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	61.171	0	get 0.0000% / 8h	1h 17m	$36K	$203K	10x
Short	tradeXYZ xyz:DRAM	61.104	0.0103	get 0.0013% / 1h	17m 47s	$79.1M	$35.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.109%Rate

Funding earned: $21.61
Price spread: −0.109% → −0.052%: −$5.68
Slippage, 4 orders: −$7.55
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$18.62
Costs to cover: 0.346%
Break-even: 13.0 days

Slippage from GRVT: live order book, 19 min ago; tradeXYZ: live order book, 12 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, 19 min ago	1.64 bp	6.1 bp −$6	19.4 bp −$194	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.08 bp	11.0 bp −$11	12.6 bp −$126	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
Bitget DRAMUSDT	−0.0590%	8h	61.150	−0.034%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.149	−0.035%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.170	−0.001%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.099	−0.117%	$423K	$353K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.180	+0.015%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perplong	0.0000%	8h	61.171	long leg	$36K	$203K	10x
SunX DRAM-USDT	0.0000%	8h	61.110	−0.099%	$786	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.130	−0.067%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.140	−0.050%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0001%	8h	61.140	−0.050%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DRAM-USDT	+0.0006%	8h	61.150	−0.034%	$299K	$26K	20x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	61.166	−0.007%	$148K	$298K	20x	as long as short
Variational Omni DRAM	+0.0023%	8h	61.144	−0.043%	$2.3M	$683K	—	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.116	−0.089%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.120	−0.083%	$995K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.110	−0.099%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.090	−0.132%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.092	−0.129%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.092	−0.129%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.106	−0.106%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.060	−0.181%	$1.1M	$3.5M	10x	as long as short
Extended DRAM-USD	+0.0072%	1h	61.115	−0.091%	$74K	$189K	10x	as long as short
Binance DRAMUSDT	+0.0073%	8h	61.120	−0.083%	$43.7M	$87.8M	50x	as long as short
MEXC DRAM_USDT	+0.0073%	8h	61.120	−0.083%	$8.0M	$5.7M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0087%	8h	61.128	−0.069%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.132	−0.064%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.120	−0.083%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.120	−0.083%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.110	−0.099%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAMshort	+0.0103%	1h	61.104	−0.109%	$79.1M	$35.8M	20x
Aevo DRAM-PERP	+0.0104%	1h	61.105	−0.107%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.099%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0224%	1h	61.142	−0.047%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.120	−0.083%	$13K	$3K	20x	as long as short