Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0158%/8h= +17.3% APRpaid last 24h −0.026%

Price spread now: Coinbase International against MEXC+0.115%7-day average −0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$18 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.115%, 7d avg −0.153%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Coinbase International is 0.268% dearer against MEXC than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.153%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DRAM_USDT	60.870	0.0018	pay 0.0018% / 8h	9m 04s	$8.4M	$5.7M	100x
Short	Coinbase International DRAM-PERP-INTX	60.940	0.0176	get 0.0022% / 1h	9m 04s	$523K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against MEXC. 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 MEXCbpFee Coinbase InternationalbpOrdersPrice spread, now +0.115%Rate

Funding earned: $33.18
Price spread: +0.115% → −0.153%: $26.82
Slippage, 4 orders: −$17.43
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $32.58
Costs to cover: 0.274%
Break-even: 0.1 days

Slippage from MEXC: live order book, 4 min ago; Coinbase International: live order book, 29 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 MEXC live order book, 4 min ago	0.82 bp	0.8 bp −$1	1.0 bp −$10	6.4 bp −$636	doesn't fit
Sell Coinbase International live order book, 29 min ago	4.92 bp	13.1 bp −$13	16.9 bp −$169	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
Bitget DRAMUSDT	−0.0765%	8h	60.930	+0.099%	$26.6M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.901	+0.050%	$195K	$38K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.869	−0.001%	$421K	$340K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.930	+0.099%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.847	−0.037%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.880	+0.016%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.880	+0.016%	$720	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.880	+0.016%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.900	+0.049%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0012%	8h	60.890	+0.033%	$5.4M	$6.0M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DRAM-USD	+0.0016%	1h	60.876	+0.009%	$74K	$198K	10x	as long as short
Binance DRAMUSDT	+0.0018%	8h	60.880	+0.016%	$43.8M	$89.1M	50x	as long as short
MEXC DRAM_USDTlong	+0.0018%	8h	60.870	long leg	$8.4M	$5.7M	100x
Bybit DRAMUSDT	+0.0024%	8h	60.910	+0.066%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.859	−0.018%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.840	−0.049%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.870	0.000%	$991K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.860	−0.016%	—	—	10x	as long as short
BloFin DRAM-USDT	+0.0047%	8h	60.890	+0.033%	$297K	$26K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.837	−0.054%	$179K	$479K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.849	−0.034%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.885	+0.025%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.830	−0.066%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0079%	1h	60.870	0.000%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.876	+0.010%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0100%	4h	60.849	−0.035%	$147K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.887	+0.028%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.870	0.000%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.870	0.000%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.880	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.874	+0.007%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0176%	1h	60.940	+0.115%	$523K	$75K	20x
tradeXYZ xyz:DRAM	+0.0181%	1h	60.836	−0.056%	$78.7M	$35.7M	20x	as long as short
Lighter DRAM	+0.0360%	1h	60.903	+0.054%	$1.1M	$1.2M	20x	as long as short