Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h 0.000%

Price spread now: Entropy against Bybit−0.122%7-day average −0.024% · 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−$75as in the Price arb table

costs, in and out, $10k−$650.649% of the position

Long on Bybit Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.122%, 7d avg −0.024%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.098% cheaper against Bybit than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of −0.024%). If the spread goes back, that is −$10 on $10k: about 5.5 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	Bybit DRAMUSDT	61.442	0.0012	pay 0.0012% / 8h	2h 03m	$9.4M	$10.2M	100x
Short	Entropy io:DRAM	61.367	0.0071	get 0.0009% / 1h	3m 27s	$170K	$470K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Bybit. 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 BybitbpFee EntropybpOrdersPrice spread, now −0.122%Rate

Funding earned: $12.46
Price spread: −0.122% → −0.024%: −$9.84
Slippage, 4 orders: −$35.92
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$62.3
Costs to cover: 0.649%
Break-even: 42.0 days

Slippage from Bybit: live order book, 5 min ago; Entropy: 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 Bybit live order book, 5 min ago	0.81 bp	8.5 bp −$8	13.6 bp −$136	119.9 bp −$12.0K	doesn't fit
Sell Entropy live order book, 2 min ago	2.44 bp	26.3 bp −$26	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	−0.0465%	8h	61.430	−0.020%	$26.1M	$14.4M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.419	−0.038%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.460	+0.029%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.462	+0.032%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.420	−0.036%	$746	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.370	−0.117%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.400	−0.068%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDTlong	+0.0012%	8h	61.442	long leg	$9.4M	$10.2M	100x
Aftermath Perps DRAMUSD	+0.0028%	1h	61.358	−0.136%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.390	−0.085%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.390	−0.085%	—	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0046%	8h	61.440	−0.003%	$5.5M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.400	−0.068%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.392	−0.081%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.395	−0.076%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.101%	$1.1M	$3.4M	10x	as long as short
Aster DRAMUSDT	+0.0058%	8h	61.436	−0.010%	$198K	$35K	20x	as long as short
Entropy io:DRAMshort	+0.0071%	1h	61.367	−0.122%	$170K	$470K	25x
edgeX DRAMUSDC	+0.0073%	4h	61.428	−0.023%	$149K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.366	−0.123%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	−0.085%	$3.0M	$411K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.440	−0.003%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.410	−0.052%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.400	−0.068%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.444	+0.004%	$2.3M	$669K	—	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	61.411	−0.051%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0147%	1h	61.388	−0.088%	$79.5M	$36.1M	20x	as long as short
Binance DRAMUSDT	+0.0163%	8h	61.400	−0.068%	$44.0M	$87.0M	50x	as long as short
MEXC DRAM_USDT	+0.0165%	8h	61.410	−0.052%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.399	−0.070%	$76K	$188K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.540%	$525K	$75K	20x	as long as short
BloFin DRAM-USDT	+0.0191%	8h	61.470	+0.046%	$298K	$26K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0239%	1h	61.400	−0.068%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.442	0.000%	$1.1M	$1.2M	20x	as long as short