Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.034%

Price spread now: edgeX against tradeXYZ+0.098%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.117%−$12 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now +0.098%, 7d avg +0.034%

Together, before fees−0.047%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.064% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.034%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.117% in total) that is about 3.9 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.117% in total (about -6.1% 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	tradeXYZ xyz:DRAM	62.110	0.0212	pay 0.0026% / 1h	13m 30s	$81.8M	$36.8M	20x
Short	edgeX DRAMUSDC	62.171	0.0011	get 0.0006% / 4h	2h 13m	$150K	$298K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$42.1
Price spread: +0.098% → +0.034%: $6.43
Slippage, 4 orders: −$18.27
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$80.93
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; edgeX: live order book, 54 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, 6 min ago	0.40 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 54 min ago	6.40 bp	14.6 bp −$15	23.8 bp −$238	doesn't fit	doesn't fit

DRAM on 33 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-USDT	0.0000%	8h	62.160	+0.081%	$531	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.130	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.170	+0.097%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDCshort	+0.0011%	4h	62.171	+0.098%	$150K	$298K	20x
Aftermath Perps DRAMUSD	+0.0033%	1h	62.137	+0.043%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.140	+0.048%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.080	−0.048%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.110	0.000%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.090	−0.032%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.165	+0.089%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.120	+0.016%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0055%	1h	62.117	+0.011%	$252K	$430K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.109	−0.002%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.130	+0.032%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.180	+0.113%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.180	+0.113%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.185	+0.121%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.125	+0.024%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	+0.032%	$534K	$81K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0161%	8h	62.127	+0.027%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0200%	8h	62.140	+0.048%	$26.0M	$13.0M	20x	as long as short
tradeXYZ xyz:DRAMlong	+0.0212%	1h	62.110	long leg	$81.8M	$36.8M	20x
OKX DRAM-USDT-SWAP	+0.0219%	8h	62.130	+0.032%	$5.5M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.140	+0.048%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0277%	8h	62.150	+0.064%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0327%	8h	62.181	+0.115%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0451%	8h	62.172	+0.099%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0508%	8h	62.170	+0.097%	$8.1M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0540%	8h	62.173	+0.102%	$2.4M	$709K	—	as long as short
Extended DRAM-USD	+0.0576%	1h	62.124	+0.023%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0578%	8h	62.120	+0.016%	$44.6M	$81.8M	50x	as long as short
MEXC DRAM_USDT	+0.0579%	8h	62.130	+0.032%	$9.6M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.140	+0.048%	$447K	$504K	20x	as long as short