Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.001%

Price spread now: Entropy against Aster−0.097%7-day average −0.002% · 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−$77as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Aster Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now −0.097%, 7d avg −0.002%

Together, before fees+0.161%+ Points / potential airdropAster: Stage 5 · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.095% cheaper against Aster than usual: you would sell low and buy high (spread −0.097% now, against its 7-day average of −0.002%). If the spread goes back, that is −$9 on $10k: about 6.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	60.900	0	get 0.0000% / 8h	13m 25s	$195K	$38K	20x
Short	Entropy io:DRAM	60.841	0.0050	get 0.0006% / 1h	13m 25s	$179K	$481K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Aster. 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 AsterbpFee EntropybpOrdersPrice spread, now −0.097%Rate

Funding earned: $10.5
Price spread: −0.097% → −0.002%: −$9.47
Slippage, 4 orders: −$41.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$66.21
Costs to cover: 0.672%
Break-even: 51.1 days

Slippage from Aster: live order book, 23 min ago; Entropy: live order book, 42 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 Aster live order book, 23 min ago	1.64 bp	13.4 bp −$13	54.5 bp −$545	doesn't fit	doesn't fit
Sell Entropy live order book, 42 min ago	2.38 bp	23.9 bp −$24	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
Bitget DRAMUSDT	−0.0763%	8h	60.940	+0.066%	$26.6M	$15.2M	20x	as long as short
Aster DRAMUSDTlong	0.0000%	8h	60.900	long leg	$195K	$38K	20x
RISEx DRAM/USDC	0.0000%	1h	60.876	−0.039%	$422K	$340K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.940	+0.066%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.876	−0.040%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.890	−0.016%	$36K	$208K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.880	−0.033%	$889	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.840	−0.099%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.890	−0.016%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0013%	8h	60.900	0.000%	$5.4M	$6.0M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDT	+0.0022%	8h	60.880	−0.033%	$8.4M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0022%	8h	60.890	−0.016%	$43.8M	$89.1M	50x	as long as short
Extended DRAM-USD	+0.0024%	1h	60.872	−0.046%	$74K	$198K	10x	as long as short
Bybit DRAMUSDT	+0.0024%	8h	60.916	+0.026%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.877	−0.038%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.860	−0.066%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.880	−0.033%	$991K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.870	−0.049%	—	—	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	60.841	−0.097%	$179K	$481K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	60.863	−0.061%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.881	−0.031%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.830	−0.115%	$1.1M	$3.5M	10x	as long as short
BloFin DRAM-USDT	+0.0053%	8h	60.920	+0.033%	$299K	$26K	20x	as long as short
edgeX DRAMUSDC	+0.0059%	4h	60.867	−0.054%	$148K	$300K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	60.865	−0.058%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.891	−0.014%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.870	−0.049%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.890	−0.016%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.880	−0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.868	−0.052%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.066%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0186%	1h	60.864	−0.059%	$78.8M	$35.9M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0243%	1h	60.860	−0.066%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0368%	1h	60.899	−0.002%	$1.1M	$1.2M	20x	as long as short