Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0205%/8h= −22.4% APRpaid last 24h −0.052%

Price spread now: Gate against Extended+0.089%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.128%−$13 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.089%, 7d avg +0.031%

Together, before fees−0.174%+ Points / potential airdropExtended: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.058% dearer against Extended than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of +0.031%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.128% in total) that is about 3.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DRAM-USD	61.295	0.0280	pay 0.0035% / 1h	6m 14s	$98K	$293K	10x
Short	Gate DRAM_USDT	61.350	0.0075	get 0.0075% / 8h	5h 06m	$8.0M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: −$43.05
Price spread: +0.089% → +0.031%: $5.79
Slippage, 4 orders: −$23.62
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$80.88
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Extended: live order book, 39 min ago; Gate: live order book, just now.

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 Extended live order book, 39 min ago	0.82 bp	3.6 bp −$4	7.4 bp −$74	doesn't fit	doesn't fit
Sell Gate live order book, just now	0.81 bp	20.9 bp −$21	22.8 bp −$228	26.0 bp −$2,603	60.1 bp −$30.0K

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.344	+0.079%	$9.6M	$11.2M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.330	+0.056%	$26.8M	$17.2M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.320	+0.040%	$579	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.290	−0.009%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.320	+0.040%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.283	−0.021%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.260	−0.058%	$59K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.280	−0.025%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.280	−0.025%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.310	+0.024%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.240	−0.090%	$1.1M	$3.7M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.290	−0.009%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.298	+0.004%	$149K	$299K	20x	as long as short
Lighter DRAM	+0.0064%	1h	61.301	+0.009%	$1.1M	$1.4M	20x	as long as short
Gate DRAM_USDTshort	+0.0075%	8h	61.350	+0.089%	$8.0M	$3.8M	75x
Pacifica DRAM	+0.0100%	1h	61.242	−0.087%	$75K	$31K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.280	−0.025%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.350	+0.089%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.320	+0.040%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.310	+0.024%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.284	−0.019%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0117%	1h	61.292	−0.006%	$79.5M	$38.7M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0168%	8h	61.320	+0.040%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDT	+0.0185%	8h	61.330	+0.057%	$196K	$28K	20x	as long as short
Variational Omni DRAM	+0.0217%	8h	61.289	−0.010%	$2.2M	$698K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.140	−0.254%	$536K	$91K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.280	−0.025%	$13K	$3K	20x	as long as short
MEXC DRAM_USDT	+0.0276%	8h	61.320	+0.040%	$9.0M	$5.4M	100x	as long as short
Binance DRAMUSDT	+0.0278%	8h	61.318	+0.036%	$44.4M	$98.9M	50x	as long as short
Extended DRAM-USDlong	+0.0280%	1h	61.295	long leg	$98K	$293K	10x
GRVT DRAM_USDT_Perp	+0.0345%	8h	61.300	+0.007%	$36K	$228K	10x	as long as short
Entropy io:DRAM	+0.0440%	1h	61.294	−0.002%	$303K	$1.7M	25x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.288	−0.011%	$461K	$367K	20x	as long as short
BloFin DRAM-USDT	+0.0662%	8h	61.310	+0.024%	$306K	$28K	20x	as long as short