Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.024%

Price spread now: MEXC against Coinbase International−0.161%51s7-day average +0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$260.259% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.161%, 7d avg +0.157%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.318% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of +0.157%). If the spread goes back, that is −$32 on $10k: about 5.5 days of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.178%, so the current rate has only just turned in your favour. The two prices were read 51 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	62.110	0.0104	pay 0.0013% / 1h	43m 19s	$533K	$75K	20x
Short	MEXC DRAM_USDT	62.010	0.0298	get 0.0298% / 8h	3h 43m	$8.2M	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.161%Rate

Funding earned: $40.74
Price spread: −0.161% → +0.157%: −$31.83
Slippage, 4 orders: −$15.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.97
Costs to cover: 0.259%
Break-even: 9.9 days

Slippage from Coinbase International: live order book, 10 min ago; MEXC: live order book, 5 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, 10 min ago	4.82 bp	11.0 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.81 bp	1.9 bp −$2	2.4 bp −$24	6.6 bp −$659	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
RISEx DRAM/USDC	0.0000%	1h	62.009	−0.163%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.050	−0.097%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.020	−0.145%	$36K	$182K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	−0.209%	$800	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.209%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.020	−0.145%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	−0.043%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.028	−0.132%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.000	−0.177%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.010	−0.161%	$48K	$77K	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	61.970	−0.225%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.012	−0.158%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.994	−0.187%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.996	−0.184%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.177%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0069%	8h	62.040	−0.113%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	61.981	−0.207%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0099%	8h	62.044	−0.106%	$9.7M	$9.7M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	62.016	−0.152%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.000	−0.177%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.040	−0.113%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.030	−0.129%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.035	−0.121%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0104%	1h	62.110	long leg	$533K	$75K	20x
tradeXYZ xyz:DRAM	+0.0133%	1h	62.000	−0.177%	$81.1M	$35.6M	20x	as long as short
Lighter DRAM	+0.0136%	1h	61.993	−0.188%	$1.0M	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0180%	8h	62.032	−0.126%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	−0.090%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0281%	8h	62.070	−0.064%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0295%	8h	62.024	−0.139%	$44.4M	$80.6M	50x	as long as short
Extended DRAM-USD	+0.0296%	1h	62.008	−0.163%	$76K	$657K	10x	as long as short
MEXC DRAM_USDTshort	+0.0298%	8h	62.010	−0.161%	$8.2M	$5.5M	100x
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	62.000	−0.177%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0541%	8h	62.050	−0.097%	$8.1M	$3.5M	75x	as long as short