Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.042%

Price spread now: Entropy against Polymarket Perps−0.074%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Polymarket Perps Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now −0.074%, 7d avg +0.032%

Together, before fees+0.113%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.106% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DRAM-USD	62.219	0.0050	pay 0.0006% / 1h	37m 11s	$266K	$1.3M	10x
Short	Entropy io:DRAM	62.173	0.0050	get 0.0006% / 1h	37m 11s	$253K	$419K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → +0.032%: −$10.61
Slippage, 4 orders: −$23.95
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$60.56
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; Entropy: live order book, 68 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, 1 min ago	2.81 bp	6.8 bp −$7	7.0 bp −$70	8.3 bp −$831	doesn't fit
Sell Entropy live order book, 68 min ago	3.21 bp	17.7 bp −$18	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.241	+0.036%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.240	+0.034%	$781	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.210	−0.014%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.280	+0.098%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.223	+0.007%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.210	−0.014%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.180	−0.063%	—	—	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	62.173	−0.074%	$253K	$419K	25x
Polymarket Perps DRAM-USDlong	+0.0050%	1h	62.219	long leg	$266K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	62.239	+0.032%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	−0.079%	$1.1M	$2.1M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.230	+0.018%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0091%	4h	62.217	−0.003%	$151K	$296K	20x	as long as short
Bitget DRAMUSDT	+0.0097%	8h	62.280	+0.098%	$26.2M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.237	+0.029%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.230	+0.018%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.047%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	+0.082%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.238	+0.031%	$967K	$1.0M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.268	+0.079%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0132%	8h	62.214	−0.008%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0149%	1h	62.223	+0.006%	$81.8M	$37.0M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0163%	8h	62.240	+0.034%	$36K	$157K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.288%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0194%	8h	62.270	+0.082%	$5.5M	$4.5M	50x	as long as short
Bybit DRAMUSDT	+0.0267%	8h	62.308	+0.143%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0402%	8h	62.267	+0.076%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0491%	8h	62.203	−0.026%	$2.4M	$713K	—	as long as short
Extended DRAM-USD	+0.0520%	1h	62.260	+0.066%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0523%	8h	62.270	+0.082%	$9.6M	$5.5M	100x	as long as short
Binance DRAMUSDT	+0.0523%	8h	62.270	+0.082%	$44.7M	$81.7M	50x	as long as short
Gate DRAM_USDT	+0.0538%	8h	62.310	+0.146%	$8.1M	$3.5M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0554%	1h	62.250	+0.050%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0769%	8h	62.230	+0.018%	$302K	$26K	20x	as long as short