Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0075%/8h= −8.3% APRpaid last 24h +0.013%

Price spread now: Entropy against OKX−0.053%7-day average −0.005% · you buy dearer than you sell

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

Long on OKX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.053%, 7d avg −0.005%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.048% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.005%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.060%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	62.380	0.0169	pay 0.0169% / 8h	5h 03m	$5.5M	$4.4M	50x
Short	Entropy io:DRAM	62.347	0.0094	get 0.0012% / 1h	3m 30s	$246K	$413K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.053%Rate

Funding earned: −$15.83
Price spread: −0.053% → −0.005%: −$4.76
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$48.59
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Entropy: live order book, 32 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 OKX live order book, 4 min ago	0.80 bp	7.2 bp −$7	14.7 bp −$147	88.8 bp −$8,885	doesn't fit
Sell Entropy live order book, 32 min ago	2.49 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
RISEx DRAM/USDC	0.0000%	1h	62.377	−0.004%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	+0.016%	$704	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.390	+0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	62.355	−0.040%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.032%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	−0.048%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.363	−0.027%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.379	−0.002%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.330	−0.080%	$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	−0.032%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0060%	4h	62.403	+0.037%	$151K	$298K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.380	0.000%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0088%	1h	62.359	−0.034%	$969K	$1.0M	20x	as long as short
Entropy io:DRAMshort	+0.0094%	1h	62.347	−0.053%	$246K	$413K	25x
Pacifica DRAM	+0.0100%	1h	62.350	−0.048%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.390	+0.016%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.096%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	+0.048%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0104%	8h	62.390	+0.016%	$26.3M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.407	+0.043%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0118%	8h	62.378	−0.003%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0127%	8h	62.412	+0.051%	$37K	$163K	10x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0169%	8h	62.380	long leg	$5.5M	$4.4M	50x
tradeXYZ xyz:DRAM	+0.0174%	1h	62.369	−0.018%	$81.8M	$36.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.545%	$534K	$74K	20x	as long as short
Bybit DRAMUSDT	+0.0243%	8h	62.430	+0.080%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0359%	8h	62.408	+0.044%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0441%	8h	62.393	+0.021%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0477%	8h	62.381	+0.001%	$44.9M	$80.9M	50x	as long as short
MEXC DRAM_USDT	+0.0479%	8h	62.380	0.000%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0480%	1h	62.354	−0.041%	$76K	$637K	10x	as long as short
Gate DRAM_USDT	+0.0573%	8h	62.420	+0.064%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0696%	8h	62.380	0.000%	$302K	$26K	20x	as long as short