Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0471%/8h= −51.6% APRnext payment $4.71 per $10,000 · paid last 24h −0.052%
Price spread now: Bitget against Binance+0.033%7-day average +0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$280.284% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 7 days−0.039%−$4 · spread now +0.033%, 7d avg +0.004%
Together, before fees−0.110%−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.029% dearer against Binance than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of +0.004%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.071% in total) that is about 2.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.071% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $4.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance DRAMUSDT61.1100.0178pay 0.0178% / 8h2h 31m$43.8M$84.8M50x
ShortBitget DRAMUSDT61.130−0.0293pay 0.0293% / 8h2h 31m$25.8M$13.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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

Funding earned
−$98.97
Price spread: +0.033% → +0.004%
$2.87
Slippage, 4 orders
−$6.38
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$124.48
Costs to cover
0.284%
Break-even
never at this rate
Slippage from Binance: live order book, 11 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 11 min ago0.81 bp5.8 bp −$67.9 bp −$7933.4 bp −$3,336doesn't fit
Sell Bitget live order book, 2 min ago1.64 bp8.1 bp −$815.5 bp −$15535.0 bp −$3,49982.8 bp −$41.4K

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DRAMUSDTshort−0.0293%8h61.130+0.033%$25.8M$13.9M20x
RISEx DRAM/USDC0.0000%1h61.102−0.012%$423K$507K20xas long as short
GRVT DRAM_USDT_Perp0.0000%8h61.303+0.316%$36K$191K10xas long as short
SunX DRAM-USDT0.0000%8h61.070−0.065%$526$2.6M10xas long as short
HTX DRAM-USDT0.0000%8h61.170+0.098%$27K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.160+0.082%$1.7M$1.3M10xas long as short
Bybit DRAMUSDT+0.0021%8h61.119+0.015%$9.4M$10.1M100xas long as short
Aftermath Perps DRAMUSD+0.0024%1h61.184+0.122%$1K$31K5xas long as short
OKX DRAM-USDT-SWAP+0.0037%8h61.120+0.016%$5.4M$5.3M50xas long as short
Arcus DRAM-USD+0.0040%1h61.1100.000%$48K$75K10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest DRAM-USD-PERP+0.0046%1h61.070−0.065%10xas long as short
edgeX DRAMUSDC+0.0048%4h61.260+0.246%$149K$298K20xas long as short
QFEX DRAM-USD+0.0050%1h61.080−0.049%$995K$84K10xas long as short
Entropy io:DRAM+0.0050%1h61.120+0.016%$169K$468K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.053−0.093%$256K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.056−0.088%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.020−0.147%$1.1M$3.0M10xas long as short
Aster DRAMUSDT+0.0071%8h61.126+0.027%$197K$35K20xas long as short
Pacifica DRAM+0.0100%1h61.098−0.020%$73K$49K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.080−0.049%$3.0M$404K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h61.210+0.164%$21K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.070−0.065%$8K10xas long as short
Paradex DRAM-USD-PERP+0.0101%8h61.091−0.031%5xas long as short
Aevo DRAM-PERP+0.0104%1h61.075−0.058%$4K10xas long as short
Gate DRAM_USDT+0.0116%8h61.130+0.033%$8.0M$3.6M75xas long as short
Variational Omni DRAM+0.0133%8h61.216+0.173%$2.3M$676Kas long as short
tradeXYZ xyz:DRAM+0.0135%1h61.060−0.082%$79.1M$35.8M20xas long as short
BloFin DRAM-USDT+0.0163%8h61.140+0.049%$301K$26K20xas long as short
Binance DRAMUSDTlong+0.0178%8h61.110long leg$43.8M$84.8M50x
MEXC DRAM_USDT+0.0180%8h61.100−0.016%$8.1M$5.6M100xas long as short
Extended DRAM-USD+0.0184%1h61.108−0.004%$76K$191K10xas long as short
Coinbase International DRAM-PERP-INTX+0.0184%1h61.150+0.065%$525K$74K20xas long as short
Lighter DRAM+0.0200%1h61.112+0.003%$1.1M$1.2M20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0241%1h61.070−0.065%$13K$3K20xas long as short