Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h +0.028%

Price spread now: Binance against Polymarket Perps+0.055%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 2 days (all we have)−0.021%−$2 · spread now +0.055%, 7d avg +0.037%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.074% in total (about 3.9% 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	61.596	0.0050	pay 0.0006% / 1h	29m 12s	$203K	$1.2M	10x
Short	Binance DRAMUSDT	61.630	0.0235	get 0.0235% / 8h	2h 29m	$43.7M	$82.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.055%Rate

Funding earned: $38.78
Price spread: +0.055% → +0.037%: $1.78
Slippage, 4 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $16.56
Costs to cover: 0.240%
Break-even: 4.0 days

Slippage from Polymarket Perps: live order book, 4 min ago; Binance: live order book, 13 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, 4 min ago	1.95 bp	6.4 bp −$6	6.4 bp −$64	8.3 bp −$828	doesn't fit
Sell Binance live order book, 13 min ago	0.81 bp	5.8 bp −$6	8.0 bp −$80	37.4 bp −$3,735	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	61.630	+0.055%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.630	+0.055%	$940	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.570	−0.042%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.630	+0.055%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0036%	4h	61.628	+0.051%	$152K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.567	−0.047%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.560	−0.058%	—	$797	10x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	61.596	long leg	$203K	$1.2M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.627	+0.050%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.550	−0.075%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0064%	8h	61.670	+0.120%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.620	+0.039%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.551	−0.073%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.570	−0.042%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.540	−0.091%	$22K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	+0.055%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0100%	8h	61.586	−0.016%	$201K	$33K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.634	+0.061%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.620	+0.039%	$25.9M	$12.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.628	+0.052%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0167%	8h	61.660	+0.104%	$9.1M	$10.2M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0168%	1h	61.601	+0.008%	$79.0M	$39.7M	20x	as long as short
Variational Omni DRAM	+0.0170%	8h	61.632	+0.059%	$2.4M	$998K	—	as long as short
GRVT DRAM_USDT_Perp	+0.0177%	8h	61.621	+0.040%	$36K	$190K	10x	as long as short
Entropy io:DRAM	+0.0186%	1h	61.566	−0.049%	$249K	$503K	25x	as long as short
MEXC DRAM_USDT	+0.0228%	8h	61.620	+0.039%	$11.1M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.613	+0.027%	$102K	$741K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.140%	$510K	$43K	20x	as long as short
Binance DRAMUSDTshort	+0.0235%	8h	61.630	+0.055%	$43.7M	$82.6M	50x
Lighter DRAM	+0.0240%	1h	61.627	+0.050%	$991K	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0246%	8h	61.640	+0.071%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.630	+0.055%	$475K	$439K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0562%	1h	61.630	+0.055%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.620	+0.039%	$50K	$96K	10x	as long as short