Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h −0.025%

Price spread now: Coinbase International against Binance−0.171%7-day average −0.145% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.171%, 7d avg −0.145%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.026% cheaper against Binance than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of −0.145%). If the spread goes back, that is −$3 on $10k: about 5.3 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.176% in total) that is about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	61.215	0.0144	pay 0.0144% / 8h	1h 54m	$43.8M	$87.1M	50x
Short	Coinbase International DRAM-PERP-INTX	61.110	0.0160	get 0.0020% / 1h	54m 33s	$525K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.171%Rate

Funding earned: $3.44
Price spread: −0.171% → −0.145%: −$2.61
Slippage, 4 orders: −$9.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.08
Costs to cover: 0.299%
Break-even: 66.1 days

Slippage from Binance: live order book, 3 min ago; Coinbase International: 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 Binance live order book, 3 min ago	0.81 bp	5.8 bp −$6	8.3 bp −$83	32.3 bp −$3,230	doesn't fit
Sell Coinbase International live order book, 54 min ago	4.06 bp	9.1 bp −$9	14.9 bp −$149	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
Bitget DRAMUSDT	−0.0435%	8h	61.240	+0.041%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.230	+0.025%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.215	+0.001%	$424K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.280	+0.106%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.360	+0.237%	$36K	$199K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.280	+0.106%	$856	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.250	+0.057%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.240	+0.041%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.280	+0.106%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.330	+0.187%	$1K	$31K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0036%	8h	61.230	+0.025%	$5.4M	$5.6M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.210	−0.008%	$997K	$84K	10x	as long as short
Aster DRAMUSDT	+0.0040%	8h	61.244	+0.047%	$197K	$35K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.290	+0.123%	$48K	$69K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.210	−0.008%	—	—	10x	as long as short
edgeX DRAMUSDC	+0.0049%	4h	61.407	+0.313%	$149K	$297K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.267	+0.085%	$169K	$468K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.186	−0.047%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.280	+0.106%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.370	+0.253%	$1.1M	$3.4M	10x	as long as short
Lighter DRAM	+0.0064%	1h	61.243	+0.046%	$1.1M	$1.1M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0075%	1h	61.202	−0.021%	$79.3M	$35.8M	20x	as long as short
Variational Omni DRAM	+0.0091%	8h	61.274	+0.097%	$2.3M	$682K	—	as long as short
Pacifica DRAM	+0.0100%	1h	61.218	+0.005%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.240	+0.041%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.330	+0.188%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.280	+0.106%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.282	+0.109%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0108%	8h	61.232	+0.027%	—	—	5x	as long as short
Binance DRAMUSDTlong	+0.0144%	8h	61.215	long leg	$43.8M	$87.1M	50x
Extended DRAM-USD	+0.0144%	1h	61.200	−0.025%	$74K	$190K	10x	as long as short
MEXC DRAM_USDT	+0.0146%	8h	61.210	−0.008%	$8.0M	$5.6M	100x	as long as short
BloFin DRAM-USDT	+0.0153%	8h	61.300	+0.139%	$299K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0160%	1h	61.110	−0.171%	$525K	$75K	20x