Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0253%/8h= +27.7% APRpaid last 24h +0.020%

Price spread now: MEXC against Entropy−0.024%7-day average 0.000% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on Entropy Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.024%, 7d avg 0.000%

Together, before fees+0.066%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.024% cheaper against Entropy than usual: you would sell low and buy high (spread −0.024% now, against its 7-day average of 0.000%). If the spread goes back, that is −$2 on $10k: about 8 hours of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.042% in total (about -3.3% 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	Entropy io:DRAM	62.025	0.0050	pay 0.0006% / 1h	44m 12s	$165K	$455K	25x
Short	MEXC DRAM_USDT	62.010	0.0303	get 0.0303% / 8h	3h 44m	$8.2M	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.024%Rate

Funding earned: $53.13
Price spread: −0.024% → 0.000%: −$2.39
Slippage, 4 orders: −$11.68
Fee Entropy: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: $21.06
Costs to cover: 0.297%
Break-even: 4.2 days

Slippage from Entropy: live order book, 41 min ago; MEXC: live order book, 4 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, 41 min ago	2.16 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 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	62.003	−0.035%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.030	+0.008%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.110	+0.137%	$36K	$180K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	−0.073%	$800	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.073%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.020	−0.008%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.094%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.045	+0.032%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.980	−0.073%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.020	−0.008%	$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	61.980	−0.073%	—	—	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	62.025	long leg	$165K	$455K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.979	−0.074%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.996	−0.047%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.040%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0069%	8h	62.040	+0.024%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0079%	8h	61.960	−0.105%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.001	−0.038%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.990	−0.056%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.100	+0.121%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.010	−0.024%	$9K	—	10x	as long as short
Bybit DRAMUSDT	+0.0100%	8h	62.036	+0.018%	$9.7M	$9.7M	100x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.022	−0.005%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.137%	$533K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0130%	1h	61.988	−0.060%	$81.1M	$35.6M	20x	as long as short
Lighter DRAM	+0.0136%	1h	62.002	−0.037%	$1.0M	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0183%	8h	62.036	+0.018%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.047%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0281%	8h	62.070	+0.073%	$300K	$26K	20x	as long as short
Extended DRAM-USD	+0.0296%	1h	62.003	−0.036%	$76K	$657K	10x	as long as short
Binance DRAMUSDT	+0.0298%	8h	62.018	−0.012%	$44.5M	$80.5M	50x	as long as short
MEXC DRAM_USDTshort	+0.0303%	8h	62.010	−0.024%	$8.2M	$5.5M	100x
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	62.000	−0.040%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0548%	8h	62.040	+0.024%	$8.1M	$3.5M	75x	as long as short