Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.023%

Price spread now: edgeX against Coinbase International+0.169%77s7-day average +0.157% · 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−$330.325% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.246%−$25 on $10k

Price spread, last 4 days (all we have)−0.262%−$26 · spread now +0.169%, 7d avg +0.157%

Together, before fees−0.508%+ Points / potential airdropedgeX: Active · farm board−$51 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.157%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.110	0.0160	pay 0.0020% / 1h	44m 08s	$525K	$75K	20x
Short	edgeX DRAMUSDC	61.214	0.0090	get 0.0045% / 4h	1h 44m	$148K	$299K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now +0.169%Rate

Funding earned: −$14.73
Price spread: +0.169% → +0.157%: $1.24
Slippage, 4 orders: −$13.51
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 64 min ago; edgeX: live order book, 64 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 Coinbase International live order book, 64 min ago	4.06 bp	9.2 bp −$9	13.0 bp −$130	doesn't fit	doesn't fit
Sell edgeX live order book, 64 min ago	2.43 bp	7.0 bp −$7	15.0 bp −$150	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	−0.0473%	8h	61.200	+0.147%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.179	+0.113%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.210	+0.164%	$424K	$367K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.240	+0.213%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.243	+0.218%	$36K	$200K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.170	+0.098%	$733	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.180	+0.115%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.170	+0.098%	$1.7M	$1.3M	10x	as long as short
Aster DRAMUSDT	+0.0023%	8h	61.203	+0.152%	$197K	$35K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.205	+0.156%	$1K	$31K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0029%	8h	61.190	+0.131%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.200	+0.147%	$997K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.200	+0.147%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.190	+0.131%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.200	+0.147%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.181	+0.116%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.175	+0.106%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.170	+0.098%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0076%	8h	61.194	+0.138%	$2.3M	$682K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.160	+0.082%	$13K	$3K	20x	as long as short
edgeX DRAMUSDCshort	+0.0090%	4h	61.214	+0.169%	$148K	$299K	20x
tradeXYZ xyz:DRAM	+0.0096%	1h	61.138	+0.046%	$79.2M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.235	+0.205%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.170	+0.098%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.250	+0.229%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.190	+0.131%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0103%	8h	61.201	+0.149%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.184	+0.120%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0117%	8h	61.250	+0.229%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0125%	8h	61.177	+0.109%	$43.7M	$87.4M	50x	as long as short
MEXC DRAM_USDT	+0.0125%	8h	61.150	+0.065%	$8.0M	$5.6M	100x	as long as short
Lighter DRAM	+0.0128%	1h	61.192	+0.134%	$1.1M	$1.2M	20x	as long as short
Extended DRAM-USD	+0.0128%	1h	61.175	+0.106%	$74K	$190K	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0160%	1h	61.110	long leg	$525K	$75K	20x