Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0768%/8h= −84.1% APRpaid last 24h −0.099%

Price spread now: Bitget against tradeXYZ+0.083%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 7 days−0.016%−$2 · spread now +0.083%, 7d avg +0.078%

Together, before fees−0.208%+ Points / potential airdroptradeXYZ: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: −$23 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 -0.192% in total (about -10.0% 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	tradeXYZ xyz:DRAM	60.520	0.0083	pay 0.0010% / 1h	43m 03s	$78.2M	$35.1M	20x
Short	Bitget DRAMUSDT	60.570	−0.0685	pay 0.0685% / 8h	7h 43m	$26.4M	$15.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.083%Rate

Funding earned: −$161.37
Price spread: +0.083% → +0.078%: $0.45
Slippage, 4 orders: −$8.13
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$199.04
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bitget: live order book, 1 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 tradeXYZ live order book, 6 min ago	1.32 bp	10.4 bp −$10	10.7 bp −$107	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.82 bp	8.4 bp −$8	13.5 bp −$135	25.5 bp −$2,547	69.1 bp −$34.5K

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
Bitget DRAMUSDTshort	−0.0685%	8h	60.570	+0.083%	$26.4M	$15.1M	20x
Aster DRAMUSDT	0.0000%	8h	60.592	+0.119%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.535	+0.024%	$76K	$222K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.543	+0.038%	$43.4M	$89.6M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.589	+0.114%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.556	+0.060%	$417K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.570	+0.083%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.540	+0.033%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.545	+0.041%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.600	+0.132%	$35K	$208K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.560	+0.066%	$711	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.560	+0.066%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.550	+0.050%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0001%	8h	60.580	+0.099%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0012%	8h	60.580	+0.099%	$299K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.552	+0.054%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.550	+0.050%	$47K	$66K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.530	+0.017%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.559	+0.064%	$177K	$473K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.521	+0.002%	$252K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.545	+0.041%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.540	+0.033%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.570	+0.083%	$986K	$85K	10x	as long as short
edgeX DRAMUSDC	+0.0055%	4h	60.582	+0.103%	$147K	$300K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0080%	1h	60.550	+0.050%	$12K	$3K	20x	as long as short
tradeXYZ xyz:DRAMlong	+0.0083%	1h	60.520	long leg	$78.2M	$35.1M	20x
Paradex DRAM-USD-PERP	+0.0095%	8h	60.564	+0.072%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.532	+0.020%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.550	+0.050%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.600	+0.132%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.560	+0.066%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.536	+0.026%	$4K	—	10x	as long as short
Lighter DRAM	+0.0232%	1h	60.552	+0.053%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	+0.116%	$532K	$86K	20x	as long as short