Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0076%/8h= −8.4% APRpaid last 24h −0.007%

Price spread now: GRVT against tradeXYZ−0.008%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.008%, 7d avg +0.050%

Together, before fees−0.068%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.058% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	62.410	0.0079	pay 0.0010% / 1h	13m 06s	$81.8M	$35.5M	20x
Short	GRVT DRAM_USDT_Perp	62.405	0.0003	get 0.0003% / 8h	4h 13m	$36K	$174K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$16.06
Price spread: −0.008% → +0.050%: −$5.82
Slippage, 4 orders: −$7.95
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$56.83
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; GRVT: live order book, 40 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	0.16 bp	10.8 bp −$11	12.4 bp −$124	doesn't fit	doesn't fit
Sell GRVT live order book, 40 min ago	2.40 bp	7.7 bp −$8	19.5 bp −$195	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	62.417	+0.012%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.430	+0.032%	$914	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.048%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perpshort	+0.0003%	8h	62.405	−0.008%	$36K	$174K	10x
Aftermath Perps DRAMUSD	+0.0020%	1h	62.402	−0.012%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.398	−0.019%	$1.0M	$1.1M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	−0.016%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.401	−0.014%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.410	0.000%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.360	−0.080%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.410	0.000%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	62.390	−0.033%	$151K	$299K	20x	as long as short
Bitget DRAMUSDT	+0.0078%	8h	62.440	+0.048%	$26.2M	$13.4M	20x	as long as short
tradeXYZ xyz:DRAMlong	+0.0079%	1h	62.410	long leg	$81.8M	$35.5M	20x
Paradex DRAM-USD-PERP	+0.0081%	8h	62.405	−0.008%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0099%	8h	62.440	+0.048%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.428	+0.029%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	0.000%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.430	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.424	+0.023%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0136%	8h	62.460	+0.080%	$9.7M	$9.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.128%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0154%	1h	62.401	−0.014%	$183K	$441K	25x	as long as short
Aster DRAMUSDT	+0.0251%	8h	62.427	+0.028%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0326%	8h	62.404	−0.009%	$2.4M	$747K	—	as long as short
Binance DRAMUSDT	+0.0366%	8h	62.430	+0.032%	$44.9M	$80.1M	50x	as long as short
MEXC DRAM_USDT	+0.0367%	8h	62.440	+0.048%	$8.9M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0368%	1h	62.418	+0.013%	$76K	$622K	10x	as long as short
BloFin DRAM-USDT	+0.0398%	8h	62.460	+0.080%	$302K	$26K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0552%	1h	62.420	+0.016%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0633%	8h	62.460	+0.080%	$8.2M	$3.5M	75x	as long as short