Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0532%/8h= −58.2% APRpaid last 24h −0.060%

Price spread now: SunX against Entropy+0.255%7-day average −0.008% · you sell dearer than you buy

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

Long on Entropy Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.143%−$14 on $10k

Price spread, last 3 days (all we have)−0.239%−$24 · spread now +0.255%, 7d avg −0.008%

Together, before fees−0.383%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.263% dearer against Entropy than usual: you sell high and buy low (spread +0.255% now, against its 7-day average of −0.008%): +$26 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 4 days (−0.143% in total) that is about 8.1 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.143% in total (about -11.8% 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	62.391	0.0532	pay 0.0066% / 1h	24m 53s	$254K	$463K	25x
Short	SunX DRAM-USDT	62.550	0	get 0.0000% / 8h	7h 24m	$1K	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.255%Rate

Funding earned: −$111.71
Price spread: +0.255% → −0.008%: $26.29
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$111.42
Costs to cover: 0.260%
Break-even: from the start

Slippage unknown: Entropy: live order book, 30 min ago; SunX: live order book, 3 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 Entropy live order book, 30 min ago	2.25 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	45.57 bp	doesn't fit	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
SunX DRAM-USDTshort	0.0000%	8h	62.550	+0.255%	$1K	$3.0M	10x
HTX DRAM-USDT	0.0000%	8h	62.430	+0.063%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.550	+0.255%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0011%	4h	62.503	+0.180%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	62.418	+0.043%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.480	+0.143%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.507	+0.186%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.538	+0.236%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	+0.095%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.538	+0.236%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.440	+0.079%	$3.0M	$431K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.550	+0.255%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.550	+0.255%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.540	+0.238%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.518	+0.204%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.520	+0.207%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.002%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0216%	8h	62.525	+0.215%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.500	+0.175%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0233%	8h	62.550	+0.255%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0246%	1h	62.509	+0.189%	$82.1M	$39.6M	20x	as long as short
Aster DRAMUSDT	+0.0418%	8h	62.401	+0.016%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0464%	8h	62.587	+0.314%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0492%	8h	62.540	+0.239%	$26.2M	$12.9M	20x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	+0.214%	$2.4M	$750K	—	as long as short
Entropy io:DRAMlong	+0.0532%	1h	62.391	long leg	$254K	$463K	25x
MEXC DRAM_USDT	+0.0543%	8h	62.530	+0.223%	$9.8M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0550%	8h	62.530	+0.223%	$44.7M	$81.9M	50x	as long as short
Extended DRAM-USD	+0.0552%	1h	62.516	+0.200%	$76K	$769K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.440	+0.079%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0767%	8h	62.550	+0.255%	$8.3M	$3.5M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0910%	8h	62.542	+0.243%	$37K	$155K	10x	as long as short
BloFin DRAM-USDT	+0.0932%	8h	62.550	+0.255%	$299K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.529	+0.221%	$462K	$495K	20x	as long as short