Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h −0.001%

Price spread now: Binance against Entropy+0.055%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Entropy Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.073%−$7 on $10k

Price spread, last 2 days (all we have)−0.037%−$4 · spread now +0.055%, 7d avg +0.042%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.666	0.0050	pay 0.0006% / 1h	47m 13s	$254K	$505K	25x
Short	Binance DRAMUSDT	61.700	0.0222	get 0.0222% / 8h	1h 47m	$43.7M	$82.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Entropy. 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 EntropybpFee BinancebpOrdersPrice spread, now +0.055%Rate

Funding earned: $36.15
Price spread: +0.055% → +0.042%: $1.29
Slippage, 4 orders: −$13.41
Fee Entropy: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$3.98
Costs to cover: 0.414%
Break-even: 7.8 days

Slippage from Entropy: live order book, 28 min ago; Binance: live order book, 10 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 Entropy live order book, 28 min ago	3.01 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.81 bp	6.3 bp −$6	11.6 bp −$116	44.2 bp −$4,424	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
Gate DRAM_USDT	0.0000%	8h	61.700	+0.055%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	+0.071%	$879	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.730	+0.104%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.700	+0.055%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0024%	4h	61.712	+0.075%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	61.688	+0.036%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.610	−0.091%	—	$797	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	61.666	long leg	$254K	$505K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.682	+0.026%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.691	+0.041%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.650	−0.026%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.680	+0.023%	$1.0M	$77K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0084%	8h	61.720	+0.088%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0091%	8h	61.728	+0.101%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0092%	8h	61.700	+0.055%	$26.0M	$12.5M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.716	+0.081%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.710	+0.071%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.670	+0.006%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.700	+0.055%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.707	+0.066%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0138%	8h	61.721	+0.090%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0148%	8h	61.714	+0.078%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0170%	8h	61.740	+0.120%	$9.3M	$10.3M	100x	as long as short
Variational Omni DRAM	+0.0172%	8h	61.710	+0.071%	$2.4M	$969K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.139%	$510K	$44K	20x	as long as short
MEXC DRAM_USDT	+0.0221%	8h	61.690	+0.039%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDTshort	+0.0222%	8h	61.700	+0.055%	$43.7M	$82.7M	50x
Extended DRAM-USD	+0.0224%	1h	61.691	+0.040%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.720	+0.088%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0304%	1h	61.700	+0.055%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0325%	1h	61.698	+0.052%	$79.2M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0328%	8h	61.730	+0.104%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.690	+0.039%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.700	+0.055%	$50K	$92K	10x	as long as short