Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0137%/8h= +15.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.001%
Price spread now: GRVT against Orderly−0.198%70s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropGRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. GRVT is 0.198% cheaper against Orderly than usual: you would sell low and buy high (spread −0.198% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 4.8 days of funding at the current rate (+$4 a day). The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_DRAM_USDC_mythos60.7900.0100pay 0.0100% / 8h7h 07m$8K10x
ShortGRVT DRAM_USDT_Perp60.6690.0237get 0.0237% / 8h7h 07m$36K$212K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
$28.77
Price spread: −0.198% → 0.000%
−$19.84
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$6.07
Costs to cover
0.150%
Break-even
8.5 days
Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 20 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell GRVT live order book, 20 min ago2.49 bp7.0 bp −$712.2 bp −$122doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DRAMUSDT−0.0435%8h60.800+0.016%$26.5M$15.2M20xas long as short
Aster DRAMUSDT0.0000%8h60.675−0.189%$194K$26K20xas long as short
RISEx DRAM/USDC0.0000%1h60.782−0.013%$415K$338K20xas long as short
Variational Omni DRAM0.0000%8h60.685−0.173%$2.1M$727Kas long as short
SunX DRAM-USDT0.0000%8h60.7900.000%$710$2.5M10xas long as short
HTX DRAM-USDT0.0000%8h60.680−0.181%$27K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h60.760−0.049%$1.7M$1.3M10xas long as short
MEXC DRAM_USDT+0.0005%8h60.770−0.033%$8.7M$5.6M100xas long as short
Binance DRAMUSDT+0.0014%8h60.796+0.009%$43.9M$92.1M50xas long as short
Extended DRAM-USD+0.0016%1h60.773−0.028%$76K$257K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus DRAM-USD+0.0040%1h60.780−0.016%$47K$68K10xas long as short
Aftermath Perps DRAMUSD+0.0041%1h60.592−0.325%$1K$29K5xas long as short
Vest DRAM-USD-PERP+0.0046%1h60.770−0.033%10xas long as short
Polymarket Perps DRAM-USD+0.0050%1h60.770−0.033%$253K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h60.760−0.049%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h60.670−0.197%$1.1M$3.5M10xas long as short
OKX DRAM-USDT-SWAP+0.0051%8h60.810+0.033%$5.4M$6.4M50xas long as short
QFEX DRAM-USD+0.0053%1h60.7900.000%$991K$93K10xas long as short
Entropy io:DRAM+0.0080%1h60.692−0.161%$1.0M$954K25xas long as short
edgeX DRAMUSDC+0.0087%4h60.658−0.217%$147K$298K20xas long as short
Pacifica DRAM+0.0100%1h60.789−0.001%$73K$30K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h60.720−0.115%$3.0M$409K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h60.440−0.576%$21K$183K50xas long as short
Orderly PERP_DRAM_USDC_mythoslong+0.0100%8h60.790long leg$8K10x
Gate DRAM_USDT+0.0103%8h60.810+0.033%$7.9M$3.8M75xas long as short
Aevo DRAM-PERP+0.0104%1h60.748−0.068%$4K10xas long as short
BloFin DRAM-USDT+0.0182%8h60.780−0.016%$297K$26K20xas long as short
Paradex DRAM-USD-PERP+0.0184%8h60.804+0.022%5xas long as short
Bybit DRAMUSDT+0.0188%8h60.824+0.056%$9.6M$10.6M100xas long as short
tradeXYZ xyz:DRAM+0.0212%1h60.766−0.039%$79.2M$36.2M20xas long as short
GRVT DRAM_USDT_Perpshort+0.0237%8h60.669−0.198%$36K$212K10x
Deribit DRAM_USDC-PERPETUAL+0.0244%1h60.770−0.033%$13K$3K20xas long as short
Coinbase International DRAM-PERP-INTX+0.0248%1h60.100−1.135%$527K$87K20xas long as short
Lighter DRAM+0.0328%1h60.772−0.030%$1.1M$1.3M20xas long as short