Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0501%/8h= +54.9% APRpaid last 24h +0.056%

Price spread now: Binance against edgeX+0.070%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on edgeX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 2 days (all we have)−0.036%−$4 · spread now +0.070%, 7d avg +0.004%

Together, before fees+0.041%+ Points / potential airdropedgeX: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.066% dearer against edgeX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.004%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	62.126	0.0079	pay 0.0039% / 4h	2h 15m	$150K	$297K	20x
Short	Binance DRAMUSDT	62.170	0.0580	get 0.0580% / 8h	6h 15m	$44.6M	$81.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against edgeX. 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 edgeXbpFee BinancebpOrdersPrice spread, now +0.070%Rate

Funding earned: $105.26
Price spread: +0.070% → +0.004%: $6.59
Slippage, 4 orders: −$18.19
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: $74.66
Costs to cover: 0.372%
Break-even: 2.0 days

Slippage from edgeX: live order book, 53 min ago; Binance: live order book, 12 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 edgeX live order book, 53 min ago	6.40 bp	11.0 bp −$11	18.8 bp −$188	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.80 bp	5.8 bp −$6	9.2 bp −$92	38.1 bp −$3,811	doesn't fit

DRAM on 33 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
SunX DRAM-USDT	0.0000%	8h	62.190	+0.102%	$500	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.130	+0.006%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.160	+0.054%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0033%	1h	62.154	+0.045%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.150	+0.038%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.130	+0.006%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.160	+0.054%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.162	+0.057%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.146	+0.032%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.120	−0.010%	$1.1M	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0054%	1h	62.129	+0.004%	$252K	$430K	25x	as long as short
edgeX DRAMUSDClong	+0.0079%	4h	62.126	long leg	$150K	$297K	20x
Pacifica DRAM	+0.0100%	1h	62.146	+0.031%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.170	+0.070%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.170	+0.070%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.200	+0.119%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.190	+0.103%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.175	+0.078%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	+0.006%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	62.186	+0.095%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0213%	1h	62.148	+0.035%	$81.8M	$36.8M	20x	as long as short
Bitget DRAMUSDT	+0.0215%	8h	62.190	+0.102%	$26.0M	$13.0M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0220%	8h	62.190	+0.102%	$5.5M	$4.5M	50x	as long as short
Bybit DRAMUSDT	+0.0297%	8h	62.213	+0.139%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0345%	8h	62.153	+0.043%	$36K	$153K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.160	+0.054%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0453%	8h	62.192	+0.106%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0528%	8h	62.200	+0.119%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0540%	8h	62.173	+0.076%	$2.4M	$709K	—	as long as short
MEXC DRAM_USDT	+0.0580%	8h	62.170	+0.070%	$9.6M	$5.9M	100x	as long as short
Binance DRAMUSDTshort	+0.0580%	8h	62.170	+0.070%	$44.6M	$81.9M	50x
Extended DRAM-USD	+0.0584%	1h	62.155	+0.046%	$75K	$669K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.172	+0.074%	$447K	$504K	20x	as long as short