Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.002%

Price spread now: Coinbase International against OKX0.000%7-day average −0.164% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now 0.000%, 7d avg −0.164%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Coinbase International is 0.164% dearer against OKX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	62.110	0.0071	pay 0.0071% / 8h	3h 49m	$5.4M	$4.5M	50x
Short	Coinbase International DRAM-PERP-INTX	62.110	0.0104	get 0.0013% / 1h	49m 42s	$533K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.99
Price spread: 0.000% → −0.164%: $16.36
Slippage, 4 orders: −$18.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$14.67
Costs to cover: 0.380%
Break-even: 21.7 days

Slippage from OKX: live order book, 3 min ago; Coinbase International: live order book, 3 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 OKX live order book, 3 min ago	0.80 bp	7.2 bp −$7	13.1 bp −$131	94.3 bp −$9,432	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.82 bp	12.2 bp −$12	15.4 bp −$154	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
RISEx DRAM/USDC	0.0000%	1h	62.087	−0.037%	$438K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.110	0.000%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.199	+0.144%	$37K	$179K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.120	+0.016%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	+0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.130	+0.032%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.155	+0.072%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.070	−0.064%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.120	+0.016%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.090	−0.032%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.088	−0.035%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.125	+0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.040	−0.113%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0054%	1h	62.111	+0.002%	$159K	$451K	25x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0071%	8h	62.110	long leg	$5.4M	$4.5M	50x
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.100	−0.016%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0076%	8h	62.089	−0.034%	—	—	5x	as long as short
Lighter DRAM	+0.0088%	1h	62.092	−0.029%	$1.0M	$1.2M	20x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.186	+0.122%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.097	−0.021%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.070	−0.064%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.230	+0.193%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.120	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.120	+0.015%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0104%	1h	62.110	0.000%	$533K	$75K	20x
Bybit DRAMUSDT	+0.0108%	8h	62.119	+0.014%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0126%	1h	62.071	−0.063%	$81.3M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0193%	8h	62.099	−0.017%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0261%	8h	62.144	+0.055%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0296%	8h	62.190	+0.129%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0310%	8h	62.090	−0.032%	$44.6M	$80.4M	50x	as long as short
MEXC DRAM_USDT	+0.0311%	8h	62.080	−0.048%	$8.2M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0312%	1h	62.073	−0.060%	$76K	$622K	10x	as long as short
Gate DRAM_USDT	+0.0578%	8h	62.120	+0.016%	$8.1M	$3.5M	75x	as long as short