Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0268%/8h= −29.3% APRpaid last 24h −0.072%

Price spread now: Bitget against Polymarket Perps+0.056%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.105%−$11 · spread now +0.056%, 7d avg +0.089%

Together, before fees−0.180%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.034% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.089%). Swap the legs.

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 are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DRAM-USD	60.946	0.0050	pay 0.0006% / 1h	43m 32s	$253K	$1.3M	10x
Short	Bitget DRAMUSDT	60.980	−0.0218	pay 0.0218% / 8h	6h 43m	$26.7M	$15.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$56.28
Price spread: +0.056% → +0.089%: −$3.36
Slippage, 4 orders: −$12.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$91.95
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Bitget: 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, 3 min ago	0.41 bp	6.9 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	0.82 bp	7.7 bp −$8	16.6 bp −$166	37.5 bp −$3,750	doesn't fit

DRAM on 34 exchanges

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 DRAMUSDTshort	−0.0218%	8h	60.980	+0.056%	$26.7M	$15.8M	20x
Entropy io:DRAM	−0.0104%	1h	60.852	−0.154%	$991K	$1.2M	25x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.860	−0.141%	$705	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.810	−0.223%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.950	+0.007%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.843	−0.169%	$1K	$28K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.890	−0.092%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0048%	1h	60.950	+0.007%	$993K	$95K	10x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	60.946	long leg	$253K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	60.867	−0.130%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.900	−0.075%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0076%	4h	60.876	−0.115%	$148K	$300K	20x	as long as short
Aster DRAMUSDT	+0.0094%	8h	60.885	−0.100%	$194K	$28K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.904	−0.069%	$73K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.910	−0.059%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.870	−0.125%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.910	−0.059%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.916	−0.049%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0105%	8h	60.990	+0.072%	$5.5M	$6.5M	50x	as long as short
RISEx DRAM/USDC	+0.0107%	1h	60.967	+0.035%	$463K	$367K	20x	as long as short
Variational Omni DRAM	+0.0120%	8h	60.853	−0.153%	$2.2M	$736K	—	as long as short
Lighter DRAM	+0.0128%	1h	60.967	+0.034%	$1.1M	$1.4M	20x	as long as short
Bybit DRAMUSDT	+0.0157%	8h	60.990	+0.072%	$9.7M	$10.8M	100x	as long as short
MEXC DRAM_USDT	+0.0180%	8h	60.970	+0.039%	$8.8M	$5.5M	100x	as long as short
Binance DRAMUSDT	+0.0182%	8h	60.970	+0.039%	$44.4M	$94.2M	50x	as long as short
Extended DRAM-USD	+0.0184%	1h	60.952	+0.011%	$97K	$282K	10x	as long as short
Gate DRAM_USDT	+0.0199%	8h	61.000	+0.089%	$7.9M	$3.7M	75x	as long as short
tradeXYZ xyz:DRAM	+0.0208%	1h	60.952	+0.010%	$79.2M	$37.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0214%	8h	60.990	+0.071%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0280%	1h	60.850	−0.158%	$533K	$89K	20x	as long as short
BloFin DRAM-USDT	+0.0407%	8h	60.850	−0.158%	$303K	$26K	20x	as long as short
Arcus DRAM-USD	+0.0540%	1h	60.920	−0.043%	$60K	$86K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0571%	1h	60.920	−0.043%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0990%	8h	60.863	−0.136%	$36K	$214K	10x	as long as short