Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.022%

Price spread now: Entropy against Orderly+0.016%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Entropy

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.540	0.0100	pay 0.0100% / 8h	3h 02m	$8K	—	10x
Short	Entropy io:DRAM	61.550	0.0050	get 0.0006% / 1h	2m 10s	$170K	$465K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now +0.016%Rate

Funding earned: −$10.5
Price spread: +0.016% → 0.000%: $1.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$32.88
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Entropy: live order book, 13 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 Entropy live order book, 13 min ago	2.11 bp	13.5 bp −$13	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	61.551	+0.017%	$433K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.530	−0.016%	$26.0M	$13.8M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.601	+0.099%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.560	+0.032%	$702	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.510	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.530	−0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.557	+0.027%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.550	+0.016%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.560	+0.032%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.530	−0.016%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAMshort	+0.0050%	1h	61.550	+0.016%	$170K	$465K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.536	−0.006%	$258K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.526	−0.023%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.470	−0.114%	$1.1M	$2.5M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0052%	8h	61.480	−0.097%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0063%	8h	61.500	−0.065%	$9.5M	$10.0M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.510	−0.049%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0084%	4h	61.582	+0.069%	$149K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.555	+0.025%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.510	−0.049%	$3.0M	$399K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.600	+0.097%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.540	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.541	+0.002%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.510	−0.049%	$528K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.561	+0.034%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0123%	8h	61.498	−0.069%	$198K	$35K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0140%	1h	61.471	−0.112%	$80.0M	$35.6M	20x	as long as short
Variational Omni DRAM	+0.0186%	8h	61.614	+0.121%	$2.4M	$618K	—	as long as short
Lighter DRAM	+0.0200%	1h	61.528	−0.019%	$1.1M	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0211%	8h	61.570	+0.049%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0238%	8h	61.494	−0.075%	$44.0M	$82.7M	50x	as long as short
MEXC DRAM_USDT	+0.0239%	8h	61.500	−0.065%	$9.0M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.509	−0.050%	$75K	$239K	10x	as long as short
Gate DRAM_USDT	+0.0315%	8h	61.580	+0.065%	$8.1M	$3.6M	75x	as long as short