Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.028%

Price spread now: Entropy against edgeX−0.088%48s7-day average +0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.088%, 7d avg +0.005%

Together, before fees+0.109%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.093% cheaper against edgeX than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.005%). If the spread goes back, that is −$9 on $10k: about 8.8 days of funding at the current rate (+$1 a day). The two prices were read 48 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	edgeX DRAMUSDC	61.687	0.0030	pay 0.0015% / 4h	2h 48m	$149K	$298K	20x
Short	Entropy io:DRAM	61.633	0.0066	get 0.0008% / 1h	48m 02s	$170K	$466K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.088%Rate

Funding earned: $7.43
Price spread: −0.088% → +0.005%: −$9.31
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$28.88
Costs to cover: 0.270%
Break-even: 34.2 days

Slippage unknown: edgeX: live order book, 65 min ago; Entropy: live order book, 27 min ago. Net counts fees only.

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, 65 min ago	2.41 bp	7.5 bp −$7	14.5 bp −$145	doesn't fit	doesn't fit
Sell Entropy live order book, 27 min ago	2.11 bp	13.5 bp −$13	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
RISEx DRAM/USDC	0.0000%	1h	61.658	−0.046%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.640	−0.076%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.731	+0.070%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.670	−0.028%	$685	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.620	−0.109%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	+0.005%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.610	−0.125%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.636	−0.083%	$1K	$31K	5x	as long as short
edgeX DRAMUSDClong	+0.0030%	4h	61.687	long leg	$149K	$298K	20x
Arcus DRAM-USD	+0.0040%	1h	61.650	−0.060%	$48K	$76K	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	61.620	−0.109%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.660	−0.044%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.611	−0.123%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.627	−0.097%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.600	−0.141%	$1.1M	$2.6M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.630	−0.093%	$5.4M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0056%	8h	61.638	−0.080%	$9.5M	$10.0M	100x	as long as short
Entropy io:DRAMshort	+0.0066%	1h	61.633	−0.088%	$170K	$466K	25x
Pacifica DRAM	+0.0100%	1h	61.637	−0.082%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.620	−0.109%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.037%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.640	−0.076%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.631	−0.090%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0105%	8h	61.618	−0.112%	$198K	$35K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0112%	8h	61.658	−0.047%	—	—	5x	as long as short
Variational Omni DRAM	+0.0167%	8h	61.714	+0.044%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.287%	$528K	$74K	20x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.619	−0.111%	$74K	$238K	10x	as long as short
Binance DRAMUSDT	+0.0218%	8h	61.602	−0.138%	$44.2M	$83.4M	50x	as long as short
MEXC DRAM_USDT	+0.0218%	8h	61.610	−0.125%	$9.0M	$5.5M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0231%	1h	61.596	−0.148%	$80.0M	$35.6M	20x	as long as short
BloFin DRAM-USDT	+0.0234%	8h	61.710	+0.037%	$300K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0246%	8h	61.680	−0.011%	$8.1M	$3.6M	75x	as long as short
Lighter DRAM	+0.0272%	1h	61.632	−0.089%	$1.1M	$1.2M	20x	as long as short