Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.044%

Price spread now: Gate against Polymarket Perps+0.084%48s7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.471% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 3 days (all we have)−0.137%−$14 · spread now +0.084%, 7d avg +0.035%

Together, before fees−0.184%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.049% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of +0.035%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.048% in total) that is about 7.2 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DRAM-USD	61.958	0.0050	pay 0.0006% / 1h	45m 42s	$211K	$1.2M	10x
Short	Gate DRAM_USDT	62.010	0	get 0.0000% / 8h	45m 42s	$8.3M	$3.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.084%Rate

Funding earned: −$10.5
Price spread: +0.084% → +0.035%: $4.9
Slippage, 4 orders: −$24.11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.71
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; Gate: live order book, 3 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 Polymarket Perps live order book, 3 min ago	2.26 bp	6.3 bp −$6	6.3 bp −$63	7.4 bp −$742	doesn't fit
Sell Gate live order book, 3 min ago	1.61 bp	17.7 bp −$18	21.6 bp −$216	26.5 bp −$2,652	55.9 bp −$27.9K

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
Gate DRAM_USDTshort	0.0000%	8h	62.010	+0.084%	$8.3M	$3.4M	75x
SunX DRAM-USDT	0.0000%	8h	61.990	+0.052%	$486	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	−0.077%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.880	−0.126%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.921	−0.059%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.142%	—	$797	10x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	61.958	long leg	$211K	$1.2M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.983	+0.040%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	−0.094%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.944	−0.023%	$153K	$290K	20x	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	+0.0079%	1h	61.930	−0.045%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.994	+0.058%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.910	−0.077%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	−0.029%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	+0.036%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.987	+0.047%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0139%	8h	61.990	+0.052%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0142%	8h	61.980	+0.036%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0164%	8h	62.000	+0.068%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0171%	8h	61.984	+0.043%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0176%	8h	61.941	−0.028%	$36K	$178K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.610%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.984	+0.042%	$978K	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0237%	8h	61.947	−0.017%	$2.4M	$948K	—	as long as short
Entropy io:DRAM	+0.0271%	1h	61.904	−0.087%	$260K	$502K	25x	as long as short
Bybit DRAMUSDT	+0.0275%	8h	62.040	+0.132%	$9.4M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0293%	8h	61.980	+0.036%	$11.2M	$6.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	+0.036%	$457K	$475K	20x	as long as short
Extended DRAM-USD	+0.0296%	1h	61.969	+0.018%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0299%	8h	61.980	+0.036%	$43.9M	$82.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0302%	1h	61.985	+0.044%	$80.4M	$39.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.980	+0.036%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0543%	8h	61.950	−0.013%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.960	+0.003%	$50K	$89K	10x	as long as short