Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.056%

Price spread now: edgeX against MEXC+0.034%53s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$270.270% of the position

Long on MEXC Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.034%, 7d avg −0.003%

Together, before fees−0.096%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.037% dearer against MEXC than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.003%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.076% in total) that is about 3.4 days. The two prices were read 53 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 7 days it paid -0.076% in total (about -4.0% 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	MEXC DRAM_USDT	62.330	0.0514	pay 0.0514% / 8h	7h 32m	$9.7M	$6.7M	100x
Short	edgeX DRAMUSDC	62.351	0.0070	get 0.0035% / 4h	3h 32m	$151K	$296K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against MEXC. 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 MEXCbpFee edgeXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$93.24
Price spread: +0.034% → −0.003%: $3.74
Slippage, 4 orders: −$18.05
Fee MEXC: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$116.55
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; edgeX: live order book, 40 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 MEXC live order book, 6 min ago	0.80 bp	0.8 bp −$1	1.5 bp −$15	6.6 bp −$659	doesn't fit
Sell edgeX live order book, 40 min ago	8.08 bp	12.6 bp −$13	19.3 bp −$193	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
SunX DRAM-USDT	0.0000%	8h	62.260	−0.112%	$903	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.320	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	−0.112%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.306	−0.038%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.270	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.291	−0.063%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.251	−0.127%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.270	−0.096%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDCshort	+0.0070%	4h	62.351	+0.034%	$151K	$296K	20x
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.240	−0.144%	$13K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DRAM	+0.0096%	1h	62.296	−0.055%	$964K	$1.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.326	−0.007%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.260	−0.112%	$3.0M	$438K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	+0.160%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	−0.096%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.268	−0.099%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.310	−0.032%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.658%	$535K	$95K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0204%	8h	62.328	−0.004%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0223%	8h	62.350	+0.032%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0260%	1h	62.302	−0.045%	$81.8M	$39.4M	20x	as long as short
Bybit DRAMUSDT	+0.0364%	8h	62.357	+0.043%	$9.6M	$10.5M	100x	as long as short
Aster DRAMUSDT	+0.0385%	8h	62.235	−0.152%	$200K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0447%	8h	62.340	+0.016%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0474%	8h	62.365	+0.057%	$2.4M	$761K	—	as long as short
Entropy io:DRAM	+0.0490%	1h	62.262	−0.109%	$254K	$462K	25x	as long as short
Extended DRAM-USD	+0.0512%	1h	62.312	−0.030%	$75K	$769K	10x	as long as short
MEXC DRAM_USDTlong	+0.0514%	8h	62.330	long leg	$9.7M	$6.7M	100x
Binance DRAMUSDT	+0.0515%	8h	62.327	−0.005%	$44.5M	$81.5M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.300	−0.048%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0656%	8h	62.340	+0.016%	$8.3M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0866%	8h	62.370	+0.064%	$37K	$157K	10x	as long as short
BloFin DRAM-USDT	+0.0895%	8h	62.250	−0.128%	$297K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.315	−0.025%	$460K	$495K	20x	as long as short