Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.007%

Price spread now: Coinbase International against OKX−0.593%7-day average −0.162% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 4 days (all we have)+0.626%+$63 · spread now −0.593%, 7d avg −0.162%

Together, before fees+0.859%+$86 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.431% cheaper against OKX than usual: you would sell low and buy high (spread −0.593% now, against its 7-day average of −0.162%). If the spread goes back, that is −$43 on $10k: about 3 months of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.233% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	62.410	0.0169	pay 0.0169% / 8h	5h 02m	$5.5M	$4.4M	50x
Short	Coinbase International DRAM-PERP-INTX	62.040	0.0184	get 0.0023% / 1h	2m 59s	$534K	$74K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.593%Rate

Funding earned: $3.12
Price spread: −0.593% → −0.162%: −$43.1
Slippage, 4 orders: −$16.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$76.63
Costs to cover: 0.367%
Break-even: 178.7 days

Slippage from OKX: live order book, 5 min ago; Coinbase International: live order book, 60 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 OKX live order book, 5 min ago	0.80 bp	7.2 bp −$7	14.7 bp −$147	88.8 bp −$8,885	doesn't fit
Sell Coinbase International live order book, 60 min ago	4.82 bp	11.3 bp −$11	14.5 bp −$145	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	62.377	−0.052%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	−0.032%	$659	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.410	0.000%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	62.355	−0.088%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.080%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	−0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.363	−0.075%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.391	−0.030%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.330	−0.128%	$1.1M	$2.2M	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	62.360	−0.080%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0060%	4h	62.403	−0.011%	$151K	$298K	20x	as long as short
Lighter DRAM	+0.0088%	1h	62.396	−0.022%	$970K	$1.0M	20x	as long as short
Entropy io:DRAM	+0.0094%	1h	62.347	−0.101%	$246K	$413K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.350	−0.096%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.048%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	0.000%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0104%	8h	62.410	0.000%	$26.3M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.405	−0.008%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0118%	8h	62.378	−0.052%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0127%	8h	62.412	+0.003%	$37K	$163K	10x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0169%	8h	62.410	long leg	$5.5M	$4.4M	50x
tradeXYZ xyz:DRAM	+0.0174%	1h	62.379	−0.050%	$81.9M	$36.0M	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0184%	1h	62.040	−0.593%	$534K	$74K	20x
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.390	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0243%	8h	62.430	+0.032%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0359%	8h	62.419	+0.014%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0441%	8h	62.393	−0.028%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0477%	8h	62.412	+0.003%	$44.9M	$80.9M	50x	as long as short
MEXC DRAM_USDT	+0.0479%	8h	62.400	−0.016%	$9.3M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0480%	1h	62.380	−0.048%	$76K	$637K	10x	as long as short
Gate DRAM_USDT	+0.0573%	8h	62.440	+0.048%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0684%	8h	62.400	−0.016%	$302K	$26K	20x	as long as short