Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0235%/8h= −25.7% APRpaid last 24h −0.035%

Price spread now: edgeX against tradeXYZ+0.050%46s7-day average +0.034% · 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—prices read too far apart to compare

costs, in and out, $10k−$460.456% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 3 days (all we have)+0.004%$0 · spread now +0.050%, 7d avg +0.034%

Together, before fees−0.112%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.034%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.116% in total (about -6.1% 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	62.472	0.0245	pay 0.0031% / 1h	24m 44s	$82.1M	$37.4M	20x
Short	edgeX DRAMUSDC	62.503	0.0011	get 0.0005% / 4h	3h 24m	$151K	$295K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$49.29
Price spread: +0.050% → +0.034%: $1.67
Slippage, 4 orders: −$18.59
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$93.21
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; edgeX: live order book, 48 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, 5 min ago	0.40 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 48 min ago	8.08 bp	12.6 bp −$13	19.3 bp −$193	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
SunX DRAM-USDT	0.0000%	8h	62.550	+0.125%	$1K	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.430	−0.067%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.550	+0.125%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDCshort	+0.0011%	4h	62.503	+0.050%	$151K	$295K	20x
Aftermath Perps DRAMUSD	+0.0036%	1h	62.418	−0.086%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.480	+0.013%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.507	+0.056%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.538	+0.106%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	−0.035%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.496	+0.038%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.440	−0.051%	$3.0M	$431K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.550	+0.125%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.550	+0.125%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.540	+0.109%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.475	+0.005%	$971K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.520	+0.077%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.131%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0216%	8h	62.525	+0.085%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.500	+0.045%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0233%	8h	62.480	+0.013%	$5.5M	$4.6M	50x	as long as short
tradeXYZ xyz:DRAMlong	+0.0245%	1h	62.472	long leg	$82.1M	$37.4M	20x
Aster DRAMUSDT	+0.0426%	8h	62.399	−0.117%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0439%	8h	62.530	+0.093%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0492%	8h	62.500	+0.045%	$26.2M	$12.9M	20x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	+0.084%	$2.4M	$750K	—	as long as short
Entropy io:DRAM	+0.0540%	1h	62.389	−0.133%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0549%	8h	62.490	+0.029%	$9.8M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0552%	1h	62.516	+0.070%	$76K	$769K	10x	as long as short
Binance DRAMUSDT	+0.0553%	8h	62.480	+0.013%	$44.6M	$81.9M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.440	−0.051%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0767%	8h	62.550	+0.125%	$8.3M	$3.5M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0910%	8h	62.542	+0.113%	$37K	$155K	10x	as long as short
BloFin DRAM-USDT	+0.0932%	8h	62.550	+0.125%	$299K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.529	+0.091%	$462K	$495K	20x	as long as short