Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.022%

Price spread now: Entropy against Ondo Perps+0.083%7-day average +0.103% · you sell dearer than you buy

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

Long on Ondo Perps Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.083%, 7d avg +0.103%

Together, before fees+0.018%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.021% cheaper against Ondo Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	60.500	0.0050	pay 0.0006% / 1h	46m 26s	$1.0M	$3.5M	10x
Short	Entropy io:DRAM	60.550	0.0050	get 0.0006% / 1h	46m 26s	$177K	$471K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Ondo Perps. 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 Ondo PerpsbpFee EntropybpOrdersPrice spread, now +0.083%Rate

Funding earned: −$0.08
Price spread: +0.083% → +0.103%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$25.16
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Entropy: live order book, 69 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Entropy live order book, 69 min ago	2.38 bp	23.9 bp −$24	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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
Bitget DRAMUSDT	−0.0704%	8h	60.580	+0.132%	$26.4M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.584	+0.139%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.548	+0.079%	$76K	$222K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.568	+0.112%	$43.6M	$89.6M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.590	+0.149%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.561	+0.101%	$417K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.590	+0.149%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.560	+0.099%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.635	+0.223%	$2.3M	$584K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.640	+0.231%	$35K	$209K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.580	+0.132%	$737	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.520	+0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.580	+0.132%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0003%	8h	60.610	+0.182%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0005%	8h	60.620	+0.198%	$298K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.584	+0.139%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.550	+0.083%	$47K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.540	+0.066%	—	—	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	60.550	+0.083%	$177K	$471K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	60.492	−0.013%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.575	+0.124%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	60.500	long leg	$1.0M	$3.5M	10x
QFEX DRAM-USD	+0.0053%	1h	60.570	+0.116%	$986K	$84K	10x	as long as short
edgeX DRAMUSDC	+0.0065%	4h	60.608	+0.179%	$147K	$299K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0095%	8h	60.541	+0.068%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0096%	1h	60.526	+0.043%	$78.2M	$35.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.514	+0.024%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.530	+0.050%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.600	+0.165%	$21K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.570	+0.116%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.559	+0.097%	$4K	—	10x	as long as short
Lighter DRAM	+0.0240%	1h	60.562	+0.102%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0246%	1h	60.560	+0.099%	$12K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	+0.149%	$532K	$86K	20x	as long as short