Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h +0.001%

Price spread now: Entropy against MEXC−0.084%7-day average +0.003% · 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−$40as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on MEXC Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.073%+$7 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.084%, 7d avg +0.003%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Entropy is 0.087% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.003%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.073%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.073% in total (about 6.1% 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	61.790	0.0240	pay 0.0240% / 8h	1h 19m	$11.2M	$6.4M	100x
Short	Entropy io:DRAM	61.738	0.0050	get 0.0006% / 1h	19m 46s	$253K	$505K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.084%Rate

Funding earned: −$39.9
Price spread: −0.084% → +0.003%: −$8.71
Slippage, 4 orders: −$12.9
Fee MEXC: 0 bp × 2 orders: $0
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$79.51
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Entropy: live order book, 55 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, 3 min ago	0.81 bp	0.8 bp −$1	0.8 bp −$8	5.6 bp −$556	34.7 bp −$17.3K
Sell Entropy live order book, 55 min ago	3.01 bp	14.8 bp −$15	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
Gate DRAM_USDT	0.0000%	8h	61.810	+0.032%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.790	0.000%	$824	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.770	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.790	0.000%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0025%	4h	61.777	−0.021%	$153K	$288K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.760	−0.048%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.700	−0.146%	—	$797	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	61.738	−0.084%	$253K	$505K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.764	−0.042%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.790	0.000%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.710	−0.129%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.770	−0.032%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.760	−0.049%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.780	−0.016%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.810	+0.032%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.801	+0.017%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0109%	8h	61.760	−0.049%	$199K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0115%	8h	61.800	+0.016%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0119%	8h	61.800	+0.016%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0140%	8h	61.780	−0.016%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.792	+0.003%	—	—	5x	as long as short
Variational Omni DRAM	+0.0196%	8h	61.777	−0.021%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.340%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0231%	8h	61.840	+0.081%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.778	−0.020%	$77K	$765K	10x	as long as short
MEXC DRAM_USDTlong	+0.0240%	8h	61.790	long leg	$11.2M	$6.4M	100x
Binance DRAMUSDT	+0.0242%	8h	61.805	+0.024%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.796	+0.009%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0296%	1h	61.800	+0.016%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0310%	1h	61.785	−0.008%	$79.3M	$39.4M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.780	−0.016%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0467%	8h	61.800	+0.016%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.790	0.000%	$50K	$91K	10x	as long as short