Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.060%

Price spread now: Entropy against SunX−0.071%7-day average +0.010% · you buy dearer than you sell

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

Long on SunX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.140%+$14 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.071%, 7d avg +0.010%

Together, before fees+0.179%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.080% cheaper against SunX than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.010%). If the spread goes back, that is −$8 on $10k: about 15 hours of funding at the current rate (+$13 a day). At the pace of the last 4 days (+0.140% in total) that is about 2.5 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.140% in total (about 11.6% 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	SunX DRAM-USDT	62.190	0	get 0.0000% / 8h	7h 49m	$870	$3.1M	10x
Short	Entropy io:DRAM	62.146	0.0426	get 0.0053% / 1h	49m 58s	$254K	$475K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against SunX. 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 SunXbpFee EntropybpOrdersPrice spread, now −0.071%Rate

Funding earned: $89.45
Price spread: −0.071% → +0.010%: −$8.03
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: $55.42
Costs to cover: 0.260%
Break-even: 2.7 days

Slippage unknown: SunX: live order book, 8 min ago; Entropy: live order book, 5 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 SunX live order book, 8 min ago	45.88 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Entropy live order book, 5 min ago	2.25 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
SunX DRAM-USDTlong	0.0000%	8h	62.190	long leg	$870	$3.1M	10x
HTX DRAM-USDT	0.0000%	8h	62.180	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	+0.113%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	62.155	−0.056%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.170	−0.032%	—	$201	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.244	+0.087%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.110	−0.129%	$1.2M	$1.7M	10x	as long as short
edgeX DRAMUSDC	+0.0075%	4h	62.216	+0.042%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.153	−0.059%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.210	+0.032%	$3.0M	$449K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni DRAMUSDT	+0.0100%	1h	62.200	+0.016%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	+0.129%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.179	−0.018%	$4K	—	10x	as long as short
Lighter DRAM	+0.0160%	1h	62.262	+0.116%	$962K	$1.2M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.220	+0.048%	$1.0M	$79K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0180%	1h	62.223	+0.053%	$266K	$1.3M	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.434%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0203%	8h	62.310	+0.193%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0216%	8h	62.202	+0.019%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0257%	8h	62.280	+0.145%	$26.3M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0330%	8h	62.189	−0.001%	$200K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.240	+0.080%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0419%	8h	62.255	+0.105%	$2.4M	$756K	—	as long as short
Entropy io:DRAMshort	+0.0426%	1h	62.146	−0.071%	$254K	$475K	25x
Gate DRAM_USDT	+0.0460%	8h	62.290	+0.161%	$8.3M	$3.4M	75x	as long as short
MEXC DRAM_USDT	+0.0461%	8h	62.290	+0.161%	$10.1M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0464%	1h	62.271	+0.130%	$75K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0464%	8h	62.277	+0.139%	$44.5M	$81.6M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0509%	1h	62.269	+0.127%	$81.6M	$39.4M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0517%	8h	62.213	+0.037%	$37K	$164K	10x	as long as short
Bybit DRAMUSDT	+0.0553%	8h	62.334	+0.232%	$9.6M	$10.5M	100x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.180	−0.016%	$51K	$84K	10x	as long as short
BloFin DRAM-USDT	+0.0791%	8h	62.240	+0.080%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.212	+0.035%	$454K	$478K	20x	as long as short