Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.013%

Price spread now: Aster against Polymarket Perps−0.003%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.003%, 7d avg +0.038%

Together, before fees−0.026%+ Points / potential airdropAster: Stage 5 · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.041% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.038%). If the spread goes back, that is −$4 on $10k: about 12 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.006% in total) that is about 50 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DRAM-USD	62.012	0.0050	pay 0.0006% / 1h	3m 15s	$215K	$1.2M	10x
Short	Aster DRAMUSDT	62.010	0.0315	get 0.0315% / 8h	3m 15s	$199K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Polymarket 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 Polymarket PerpsbpFee AsterbpOrdersPrice spread, now −0.003%Rate

Funding earned: $55.6
Price spread: −0.003% → +0.038%: −$4.13
Slippage, 4 orders: −$21.15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: $14.33
Costs to cover: 0.371%
Break-even: 5.2 days

Slippage from Polymarket Perps: live order book, 5 min ago; Aster: live order book, 8 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 Polymarket Perps live order book, 5 min ago	0.64 bp	5.3 bp −$5	5.3 bp −$53	7.6 bp −$761	doesn't fit
Sell Aster live order book, 8 min ago	3.23 bp	10.3 bp −$10	10.4 bp −$104	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
Gate DRAM_USDT	0.0000%	8h	62.050	+0.061%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.010	−0.003%	$477	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.020	+0.013%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.030	+0.029%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	61.998	−0.023%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.960	−0.084%	—	$797	10x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	62.012	long leg	$215K	$1.2M	10x
SoDEX DRAM-USD	+0.0050%	1h	62.042	+0.048%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.950	−0.100%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0058%	4h	62.029	+0.027%	$153K	$290K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	62.010	−0.003%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.976	−0.058%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.980	−0.052%	$3.0M	$470K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.060	+0.077%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.030	+0.029%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.060	+0.078%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0187%	8h	62.040	+0.045%	$5.4M	$4.6M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.880	−0.213%	$535K	$94K	20x	as long as short
Bitget DRAMUSDT	+0.0195%	8h	62.040	+0.045%	$26.2M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0218%	8h	62.009	−0.005%	—	—	5x	as long as short
Lighter DRAM	+0.0248%	1h	62.031	+0.031%	$960K	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0265%	1h	62.051	+0.063%	$252K	$492K	25x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.042	+0.049%	$457K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0298%	8h	62.053	+0.066%	$9.3M	$10.6M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0301%	1h	62.008	−0.006%	$81.1M	$40.7M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0314%	8h	62.070	+0.093%	$37K	$170K	10x	as long as short
Aster DRAMUSDTshort	+0.0315%	8h	62.010	−0.003%	$199K	$36K	20x
Deribit DRAM_USDC-PERPETUAL	+0.0395%	1h	62.030	+0.029%	$13K	$9K	20x	as long as short
Variational Omni DRAM	+0.0410%	8h	62.037	+0.040%	$2.4M	$948K	—	as long as short
Extended DRAM-USD	+0.0448%	1h	62.016	+0.007%	$78K	$768K	10x	as long as short
MEXC DRAM_USDT	+0.0449%	8h	62.010	−0.003%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0449%	8h	62.027	+0.024%	$43.7M	$82.8M	50x	as long as short
Arcus DRAM-USD	+0.0680%	1h	62.010	−0.003%	$50K	$89K	10x	as long as short
BloFin DRAM-USDT	+0.0736%	8h	62.060	+0.077%	$295K	$27K	20x	as long as short