Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h +0.021%

Price spread now: Gate against Coinbase International+0.229%7-day average +0.163% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.296%−$30 on $10k

Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.229%, 7d avg +0.163%

Together, before fees−0.666%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.066% dearer against Coinbase International than usual: you sell high and buy low (spread +0.229% now, against its 7-day average of +0.163%): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 33 hours.

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	46m 20s	$525K	$75K	20x
Short	Gate DRAM_USDT	61.250	0	get 0.0000% / 8h	1h 46m	$8.0M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.229%Rate

Funding earned: −$33.6
Price spread: +0.229% → +0.163%: $6.64
Slippage, 4 orders: −$24.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$76.58
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 62 min ago; Gate: 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 Coinbase International live order book, 62 min ago	4.06 bp	9.2 bp −$9	13.0 bp −$130	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.63 bp	18.3 bp −$18	25.9 bp −$259	31.6 bp −$3,157	60.6 bp −$30.3K

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	−0.0463%	8h	61.220	+0.180%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.212	+0.167%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.206	+0.157%	$424K	$419K	20x	as long as short
Gate DRAM_USDTshort	0.0000%	8h	61.250	+0.229%	$8.0M	$3.7M	75x
GRVT DRAM_USDT_Perp	0.0000%	8h	61.270	+0.262%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.180	+0.115%	$748	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.180	+0.115%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.170	+0.098%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.240	+0.213%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	61.298	+0.308%	$149K	$299K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DRAMUSDT	+0.0026%	8h	61.230	+0.197%	$197K	$35K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.226	+0.190%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0029%	8h	61.200	+0.147%	$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	61.220	+0.180%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.200	+0.147%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.212	+0.167%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.187	+0.126%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.225	+0.188%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.160	+0.082%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0083%	8h	61.275	+0.270%	$2.3M	$682K	—	as long as short
tradeXYZ xyz:DRAM	+0.0095%	1h	61.175	+0.106%	$79.2M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.214	+0.171%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.190	+0.131%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.280	+0.278%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.200	+0.147%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.180	+0.114%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0104%	8h	61.200	+0.147%	—	—	5x	as long as short
Lighter DRAM	+0.0112%	1h	61.224	+0.187%	$1.1M	$1.2M	20x	as long as short
Extended DRAM-USD	+0.0128%	1h	61.181	+0.117%	$74K	$190K	10x	as long as short
BloFin DRAM-USDT	+0.0129%	8h	61.290	+0.295%	$302K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0130%	8h	61.201	+0.150%	$43.8M	$87.3M	50x	as long as short
MEXC DRAM_USDT	+0.0131%	8h	61.190	+0.131%	$8.0M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0160%	1h	61.110	long leg	$525K	$75K	20x