Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.058%

Price spread now: Entropy against HTX−0.018%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Entropy

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DRAM-USDT	61.690	0	get 0.0000% / 8h	1h 33m	$28K	$3K	20x
Short	Entropy io:DRAM	61.679	0.0050	get 0.0006% / 1h	33m 32s	$253K	$503K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against HTX. 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 HTXbpFee EntropybpOrdersPrice spread, now −0.018%Rate

Funding earned: $10.5
Price spread: −0.018% → 0.000%: −$1.78
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$21.28
Costs to cover: 0.300%
Break-even: 21.2 days

Slippage unknown: HTX: no order-book sample; Entropy: live order book, 42 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Entropy live order book, 42 min ago	3.01 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit

HTX: 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
Gate DRAM_USDT	0.0000%	8h	61.750	+0.097%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.730	+0.065%	$708	$3.3M	10x	as long as short
HTX DRAM-USDTlong	0.0000%	8h	61.690	long leg	$28K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	61.740	+0.081%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.712	+0.036%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.600	−0.146%	—	$797	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	61.679	−0.018%	$253K	$503K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.698	+0.013%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.726	+0.058%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.670	−0.032%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.730	+0.065%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0084%	4h	61.709	+0.030%	$153K	$289K	20x	as long as short
Aster DRAMUSDT	+0.0098%	8h	61.740	+0.081%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.682	−0.013%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.730	+0.065%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	+0.065%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.739	+0.080%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0105%	8h	61.730	+0.065%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0106%	8h	61.740	+0.081%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.730	+0.065%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.725	+0.057%	—	—	5x	as long as short
Variational Omni DRAM	+0.0186%	8h	61.708	+0.029%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.178%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0214%	8h	61.790	+0.162%	$9.3M	$10.3M	100x	as long as short
MEXC DRAM_USDT	+0.0230%	8h	61.730	+0.065%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0231%	8h	61.740	+0.081%	$43.8M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.729	+0.063%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.742	+0.085%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.745	+0.089%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0330%	1h	61.725	+0.057%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0412%	8h	61.720	+0.049%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.720	+0.049%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.730	+0.065%	$50K	$92K	10x	as long as short