Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0332%/8h= −36.3% APRpaid last 24h −0.021%

Price spread now: tradeXYZ against MEXC−0.029%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.029%, 7d avg −0.065%

Together, before fees+0.021%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.036% dearer against MEXC than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.065%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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	MEXC DRAM_USDT	62.250	0.0506	pay 0.0506% / 8h	5h 23m	$9.2M	$5.6M	100x
Short	tradeXYZ xyz:DRAM	62.232	0.0174	get 0.0022% / 1h	23m 24s	$81.7M	$36.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$69.66
Price spread: −0.029% → −0.065%: $3.64
Slippage, 4 orders: −$4.06
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$88.08
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; tradeXYZ: live order book, 5 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, 5 min ago	0.80 bp	0.8 bp −$1	1.0 bp −$10	6.3 bp −$626	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.40 bp	10.1 bp −$10	12.0 bp −$120	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
RISEx DRAM/USDC	0.0000%	1h	62.246	−0.006%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.260	+0.016%	$895	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	+0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	62.223	−0.044%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.220	−0.048%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.210	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.224	−0.042%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.256	+0.010%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.145%	$1.1M	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.240	−0.016%	$1.0M	$78K	10x	as long as short
Bitget DRAMUSDT	+0.0061%	8h	62.260	+0.016%	$26.3M	$13.2M	20x	as long as short
Entropy io:DRAM	+0.0071%	1h	62.192	−0.093%	$251K	$411K	25x	as long as short
edgeX DRAMUSDC	+0.0089%	4h	62.230	−0.033%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.267	+0.027%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.048%	$3.0M	$400K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.230	−0.032%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.016%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.251	+0.002%	$967K	$1.0M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.262	+0.020%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0129%	8h	62.257	+0.011%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0153%	8h	62.233	−0.027%	$36K	$158K	10x	as long as short
tradeXYZ xyz:DRAMshort	+0.0174%	1h	62.232	−0.029%	$81.7M	$36.5M	20x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.337%	$534K	$74K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0187%	8h	62.280	+0.048%	$5.5M	$4.4M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.230	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0252%	8h	62.289	+0.063%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0386%	8h	62.263	+0.021%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0469%	8h	62.222	−0.045%	$2.4M	$717K	—	as long as short
Extended DRAM-USD	+0.0504%	1h	62.242	−0.012%	$75K	$669K	10x	as long as short
MEXC DRAM_USDTlong	+0.0506%	8h	62.250	long leg	$9.2M	$5.6M	100x
Binance DRAMUSDT	+0.0507%	8h	62.260	+0.016%	$44.7M	$81.5M	50x	as long as short
Gate DRAM_USDT	+0.0530%	8h	62.290	+0.064%	$8.1M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0751%	8h	62.230	−0.032%	$302K	$26K	20x	as long as short