Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0153%/8h= +16.7% APRpaid last 24h −0.006%

Price spread now: Aster against tradeXYZ−0.007%7-day average +0.040% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on tradeXYZ Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.007%, 7d avg +0.040%

Together, before fees−0.063%+ Points / potential airdroptradeXYZ: Active · Aster: Stage 5 · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.046% cheaper against tradeXYZ than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.040%). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	62.433	0.0093	pay 0.0012% / 1h	9m 41s	$81.8M	$35.3M	20x
Short	Aster DRAMUSDT	62.429	0.0246	get 0.0246% / 8h	4h 09m	$201K	$35K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against tradeXYZ. 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 tradeXYZbpFee AsterbpOrdersPrice spread, now −0.007%Rate

Funding earned: $32.1
Price spread: −0.007% → +0.040%: −$4.63
Slippage, 4 orders: −$14.34
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Aster: 4 bp × 2 orders: −$8
Net: −$12.87
Costs to cover: 0.403%
Break-even: 9.8 days

Slippage from tradeXYZ: live order book, 9 min ago; Aster: live order book, 47 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 tradeXYZ live order book, 9 min ago	0.16 bp	10.8 bp −$11	12.4 bp −$124	doesn't fit	doesn't fit
Sell Aster live order book, 47 min ago	2.40 bp	7.9 bp −$8	8.8 bp −$88	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	62.445	+0.019%	$440K	$502K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.450	+0.027%	$1K	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.053%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.460	+0.043%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0003%	8h	62.405	−0.045%	$36K	$174K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.411	−0.035%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.438	+0.008%	$1.0M	$1.1M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.410	−0.037%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.390	−0.069%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.415	−0.029%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.445	+0.019%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.370	−0.101%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.430	−0.005%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	62.390	−0.070%	$151K	$299K	20x	as long as short
Bitget DRAMUSDT	+0.0068%	8h	62.450	+0.027%	$26.2M	$13.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0084%	8h	62.435	+0.004%	—	—	5x	as long as short
tradeXYZ xyz:DRAMlong	+0.0093%	1h	62.433	long leg	$81.8M	$35.3M	20x
OKX DRAM-USDT-SWAP	+0.0098%	8h	62.450	+0.027%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.451	+0.028%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.430	−0.005%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.011%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.440	+0.011%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.461	+0.045%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0132%	8h	62.480	+0.075%	$9.7M	$9.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.165%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0153%	1h	62.415	−0.029%	$183K	$440K	25x	as long as short
Aster DRAMUSDTshort	+0.0246%	8h	62.429	−0.007%	$201K	$35K	20x
Variational Omni DRAM	+0.0318%	8h	62.423	−0.015%	$2.4M	$747K	—	as long as short
Extended DRAM-USD	+0.0360%	1h	62.441	+0.013%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0361%	8h	62.450	+0.027%	$44.9M	$80.1M	50x	as long as short
MEXC DRAM_USDT	+0.0362%	8h	62.440	+0.011%	$8.9M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.440	+0.011%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0397%	8h	62.460	+0.043%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0635%	8h	62.470	+0.059%	$8.2M	$3.5M	75x	as long as short