Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.020%

Price spread now: Entropy against KuCoin+0.171%7-day average +0.033% · you sell dearer than you buy

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

Long on KuCoin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.201%−$20 · spread now +0.171%, 7d avg +0.033%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Entropy is 0.138% dearer against KuCoin than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.033%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DRAMUSDTM	60.960	0.0100	pay 0.0100% / 8h	2h 28m	$3.0M	$405K	20x
Short	Entropy io:DRAM	61.064	0.0050	get 0.0006% / 1h	28m 19s	$168K	$469K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against KuCoin. 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 KuCoinbpFee EntropybpOrdersPrice spread, now +0.171%Rate

Funding earned: −$10.5
Price spread: +0.171% → +0.033%: $13.79
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$26.71
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; Entropy: live order book, 47 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 KuCoin live order book, 4 min ago	1.64 bp	43.2 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Entropy live order book, 47 min ago	2.11 bp	13.5 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
Bitget DRAMUSDT	−0.0358%	8h	60.970	+0.016%	$25.7M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.996	+0.059%	$422K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.117	+0.257%	$36K	$193K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.940	−0.033%	$750	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	60.910	−0.082%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.016%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.010	+0.082%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0017%	8h	60.950	−0.016%	$9.4M	$10.1M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.111	+0.248%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0033%	8h	60.960	0.000%	$5.4M	$5.3M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.080	+0.197%	$48K	$75K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.980	+0.033%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	60.970	+0.016%	$993K	$84K	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	61.064	+0.171%	$168K	$469K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	60.940	−0.033%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.958	−0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.980	+0.033%	$1.1M	$3.1M	10x	as long as short
Aster DRAMUSDT	+0.0065%	8h	60.973	+0.021%	$196K	$35K	20x	as long as short
edgeX DRAMUSDC	+0.0082%	4h	61.065	+0.172%	$148K	$299K	20x	as long as short
Gate DRAM_USDT	+0.0094%	8h	61.010	+0.082%	$8.0M	$3.7M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.012	+0.085%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTMlong	+0.0100%	8h	60.960	long leg	$3.0M	$405K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.060	+0.164%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.940	−0.033%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0100%	8h	61.000	+0.065%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.944	−0.027%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0122%	8h	61.116	+0.255%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0127%	1h	60.925	−0.057%	$79.0M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0147%	8h	61.160	+0.328%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0172%	8h	60.941	−0.031%	$43.6M	$85.2M	50x	as long as short
MEXC DRAM_USDT	+0.0174%	8h	60.940	−0.033%	$8.1M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0176%	1h	60.913	−0.077%	$76K	$191K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	+0.164%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	60.998	+0.062%	$1.1M	$1.2M	20x	as long as short