Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.006%

Price spread now: Polymarket Perps against Aster+0.010%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.401% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.042%+$4 · spread now +0.010%, 7d avg −0.039%

Together, before fees+0.036%+ Points / potential airdropAster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.050% dearer against Aster than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.039%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.006% in total) that is about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	61.745	0.0111	pay 0.0111% / 8h	1h 05m	$199K	$36K	20x
Short	Polymarket Perps DRAM-USD	61.751	0.0050	get 0.0006% / 1h	5m 47s	$210K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$12.71
Price spread: +0.010% → −0.039%: $4.97
Slippage, 4 orders: −$24.13
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$47.87
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from Aster: live order book, 11 min ago; Polymarket Perps: live order book, 2 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, 11 min ago	3.24 bp	19.1 bp −$19	39.8 bp −$398	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	2.59 bp	6.6 bp −$7	8.4 bp −$84	9.1 bp −$915	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
Gate DRAM_USDT	0.0000%	8h	61.800	+0.090%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.780	+0.057%	$1K	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	+0.025%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.780	+0.057%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0017%	4h	61.771	+0.042%	$153K	$288K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.772	+0.044%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.007%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.718	−0.043%	$260K	$505K	25x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	61.751	+0.010%	$210K	$1.2M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.778	+0.054%	$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	61.680	−0.105%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.780	+0.057%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.727	−0.028%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	+0.041%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.820	+0.122%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	+0.057%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.790	+0.073%	$4K	—	10x	as long as short
Aster DRAMUSDTlong	+0.0111%	8h	61.745	long leg	$199K	$36K	20x
Bitget DRAMUSDT	+0.0116%	8h	61.780	+0.057%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0119%	8h	61.780	+0.057%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.782	+0.061%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0157%	8h	61.764	+0.032%	—	—	5x	as long as short
Variational Omni DRAM	+0.0196%	8h	61.777	+0.052%	$2.4M	$938K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.267%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0240%	8h	61.838	+0.151%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0244%	8h	61.780	+0.057%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0245%	8h	61.790	+0.074%	$43.9M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.776	+0.051%	$77K	$766K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.782	+0.060%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.787	+0.069%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0285%	1h	61.771	+0.043%	$79.3M	$39.3M	20x	as long as short
BloFin DRAM-USDT	+0.0476%	8h	61.810	+0.106%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.770	+0.041%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.760	+0.025%	$50K	$91K	10x	as long as short