Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.015%

Price spread now: Coinbase International against Orderly−0.033%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Coinbase International is 0.033% cheaper against Orderly than usual: you would sell low and buy high (spread −0.033% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 44 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.130	0.0100	pay 0.0100% / 8h	1h 32m	$8K	—	10x
Short	Coinbase International DRAM-PERP-INTX	61.110	0.0160	get 0.0020% / 1h	32m 54s	$525K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.033%Rate

Funding earned: $12.6
Price spread: −0.033% → 0.000%: −$3.27
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.67
Costs to cover: 0.160%
Break-even: 10.7 days

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 10 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 10 min ago	4.91 bp	11.1 bp −$11	16.1 bp −$161	doesn't fit	doesn't fit

Orderly: 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	−0.0568%	8h	61.160	+0.049%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.149	+0.031%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.140	+0.016%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.130	0.000%	$423K	$359K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.180	+0.082%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.113	−0.029%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.120	−0.016%	$614	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.050	−0.131%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.150	+0.033%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0017%	8h	61.140	+0.016%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0029%	1h	61.101	−0.047%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.160	+0.049%	$996K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.070	−0.098%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.110	−0.033%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.086	−0.072%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.117	−0.021%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.125	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.070	−0.098%	$1.0M	$3.5M	10x	as long as short
Variational Omni DRAM	+0.0055%	8h	61.064	−0.107%	$2.3M	$682K	—	as long as short
BloFin DRAM-USDT	+0.0069%	8h	61.090	−0.065%	$299K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0076%	1h	61.109	−0.034%	$79.1M	$35.9M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.130	0.000%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0094%	8h	61.132	+0.003%	—	—	5x	as long as short
Extended DRAM-USD	+0.0096%	1h	61.105	−0.040%	$74K	$193K	10x	as long as short
Binance DRAMUSDT	+0.0097%	8h	61.130	0.000%	$43.7M	$87.6M	50x	as long as short
edgeX DRAMUSDC	+0.0097%	4h	61.080	−0.083%	$148K	$298K	20x	as long as short
MEXC DRAM_USDT	+0.0099%	8h	61.110	−0.033%	$8.0M	$5.6M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.139	+0.015%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.110	−0.033%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.110	−0.033%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.130	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.134	+0.006%	$4K	—	10x	as long as short
Lighter DRAM	+0.0160%	1h	61.155	+0.041%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0160%	1h	61.110	−0.033%	$525K	$75K	20x