Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h +0.020%

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

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

Long on Orderly Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.610	0.0100	pay 0.0100% / 8h	2h 46m	$8K	—	10x
Short	Entropy io:DRAM	61.607	0.0054	get 0.0007% / 1h	46m 59s	$170K	$466K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Orderly. 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 OrderlybpFee EntropybpOrdersPrice spread, now −0.005%Rate

Funding earned: −$9.75
Price spread: −0.005% → 0.000%: −$0.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$34.24
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Entropy: live order book, 28 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 Orderly no order-book sample	—	—	—	—	—
Sell Entropy live order book, 28 min ago	2.11 bp	13.5 bp −$13	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	61.609	−0.001%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.650	+0.065%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.731	+0.196%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.670	+0.097%	$685	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.580	−0.049%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	+0.130%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.580	−0.049%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.608	−0.004%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.630	+0.032%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.600	−0.016%	—	—	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	+0.0050%	1h	61.620	+0.016%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.587	−0.037%	$258K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.601	−0.015%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.550	−0.097%	$1.1M	$2.6M	10x	as long as short
Bybit DRAMUSDT	+0.0053%	8h	61.620	+0.016%	$9.5M	$10.0M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0053%	8h	61.650	+0.065%	$5.4M	$4.7M	50x	as long as short
Entropy io:DRAMshort	+0.0054%	1h	61.607	−0.005%	$170K	$466K	25x
edgeX DRAMUSDC	+0.0091%	4h	61.666	+0.091%	$149K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.602	−0.014%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	−0.049%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.162%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.610	long leg	$8K	—	10x
Aster DRAMUSDT	+0.0102%	8h	61.620	+0.017%	$198K	$35K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.595	−0.024%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.610	0.000%	—	—	5x	as long as short
Variational Omni DRAM	+0.0167%	8h	61.714	+0.169%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.162%	$528K	$74K	20x	as long as short
Binance DRAMUSDT	+0.0213%	8h	61.617	+0.011%	$44.2M	$83.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0215%	1h	61.604	−0.010%	$80.0M	$35.6M	20x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.573	−0.059%	$74K	$238K	10x	as long as short
MEXC DRAM_USDT	+0.0217%	8h	61.600	−0.016%	$9.0M	$5.5M	100x	as long as short
BloFin DRAM-USDT	+0.0224%	8h	61.680	+0.114%	$300K	$26K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.608	−0.003%	$1.1M	$1.2M	20x	as long as short
Gate DRAM_USDT	+0.0240%	8h	61.640	+0.049%	$8.1M	$3.6M	75x	as long as short