Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h +0.007%

Price spread now: tradeXYZ against Aster−0.058%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.399% of the position

Long on Aster Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.058%, 7d avg −0.039%

Together, before fees+0.137%+ Points / potential airdropAster: Stage 5 · tradeXYZ: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.113%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.113% in total (about 5.9% 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	Aster DRAMUSDT	62.330	0.0508	pay 0.0508% / 8h	6h 56m	$200K	$36K	20x
Short	tradeXYZ xyz:DRAM	62.294	0.0231	get 0.0029% / 1h	56m 10s	$82.0M	$37.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Aster. 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 AsterbpFee tradeXYZbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$58.12
Price spread: −0.058% → −0.039%: −$1.9
Slippage, 4 orders: −$13.91
Fee Aster: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$99.94
Costs to cover: 0.399%
Break-even: never at this rate

Slippage from Aster: live order book, 10 min ago; tradeXYZ: 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 Aster live order book, 10 min ago	2.40 bp	11.7 bp −$12	38.0 bp −$380	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.08 bp	9.6 bp −$10	11.5 bp −$115	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-USDT	0.0000%	8h	62.310	−0.033%	$576	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.440	+0.176%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.300	−0.049%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.338	+0.013%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.340	+0.016%	$51K	$83K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.250	−0.129%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.270	−0.097%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.315	−0.025%	$254K	$449K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.287	−0.070%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.291	−0.063%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.250	−0.129%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0056%	4h	62.408	+0.125%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.274	−0.091%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.290	−0.065%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.400	+0.112%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.320	−0.017%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.328	−0.004%	$4K	—	10x	as long as short
Lighter DRAM	+0.0136%	1h	62.301	−0.047%	$968K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.096%	$540K	$91K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.275	−0.089%	—	—	5x	as long as short
tradeXYZ xyz:DRAMshort	+0.0231%	1h	62.294	−0.058%	$82.0M	$37.7M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.290	−0.065%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0240%	8h	62.310	−0.033%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0429%	8h	62.349	+0.030%	$9.6M	$10.3M	100x	as long as short
Aster DRAMUSDTlong	+0.0508%	8h	62.330	long leg	$200K	$36K	20x
Bitget DRAMUSDT	+0.0557%	8h	62.300	−0.049%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0592%	8h	62.295	−0.056%	$2.4M	$751K	—	as long as short
Extended DRAM-USD	+0.0632%	1h	62.293	−0.060%	$76K	$665K	10x	as long as short
Binance DRAMUSDT	+0.0633%	8h	62.311	−0.031%	$44.7M	$82.1M	50x	as long as short
MEXC DRAM_USDT	+0.0636%	8h	62.300	−0.049%	$9.7M	$5.9M	100x	as long as short
Gate DRAM_USDT	+0.0770%	8h	62.330	−0.001%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.305	−0.041%	$455K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0972%	8h	62.400	+0.112%	$299K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1010%	8h	62.440	+0.176%	$37K	$152K	10x	as long as short