Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.003%

Price spread now: tradeXYZ against Binance−0.039%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.039%, 7d avg −0.073%

Together, before fees+0.048%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.034% dearer against Binance than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.073%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours. Mind the row above: over the last 7 days funding on this pair paid +0.055%, 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 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	61.369	0.0288	pay 0.0288% / 8h	5h 59m	$44.6M	$97.2M	50x
Short	tradeXYZ xyz:DRAM	61.345	0.0079	get 0.0010% / 1h	59m 18s	$79.5M	$38.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$43.91
Price spread: −0.039% → −0.073%: $3.38
Slippage, 4 orders: −$3.95
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$72.47
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago	0.81 bp	5.8 bp −$6	7.5 bp −$75	40.6 bp −$4,063	226.0 bp −$113.0K
Sell tradeXYZ live order book, 3 min ago	0.65 bp	9.7 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.400	+0.051%	$9.6M	$11.2M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.370	+0.002%	$26.8M	$16.9M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.370	+0.002%	$646	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.410	+0.067%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.370	+0.002%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0033%	1h	61.291	−0.127%	$1K	$27K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.370	+0.002%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0048%	1h	61.380	+0.018%	$1.0M	$97K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.367	−0.003%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.385	+0.026%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.360	−0.015%	$1.1M	$3.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.340	−0.047%	$13K	$3K	20x	as long as short
tradeXYZ xyz:DRAMshort	+0.0079%	1h	61.345	−0.039%	$79.5M	$38.1M	20x
edgeX DRAMUSDC	+0.0084%	4h	61.344	−0.040%	$149K	$300K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.416	+0.077%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.300	−0.112%	$3.0M	$423K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.410	+0.067%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.370	+0.002%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.285	−0.137%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0133%	8h	61.412	+0.070%	—	—	5x	as long as short
Gate DRAM_USDT	+0.0136%	8h	61.410	+0.067%	$8.0M	$3.7M	75x	as long as short
OKX DRAM-USDT-SWAP	+0.0167%	8h	61.380	+0.018%	$5.5M	$6.7M	50x	as long as short
Lighter DRAM	+0.0192%	1h	61.378	+0.015%	$1.1M	$1.4M	20x	as long as short
Aster DRAMUSDT	+0.0192%	8h	61.370	+0.002%	$196K	$28K	20x	as long as short
Variational Omni DRAM	+0.0227%	8h	61.361	−0.014%	$2.2M	$688K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	60.850	−0.846%	$533K	$87K	20x	as long as short
MEXC DRAM_USDT	+0.0285%	8h	61.350	−0.031%	$9.7M	$5.3M	100x	as long as short
Extended DRAM-USD	+0.0288%	1h	61.350	−0.031%	$100K	$298K	10x	as long as short
Binance DRAMUSDTlong	+0.0288%	8h	61.369	long leg	$44.6M	$97.2M	50x
Arcus DRAM-USD	+0.0540%	1h	61.350	−0.031%	$60K	$81K	10x	as long as short
Entropy io:DRAM	+0.0559%	1h	61.344	−0.041%	$351K	$1.7M	25x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.374	+0.008%	$462K	$370K	20x	as long as short
BloFin DRAM-USDT	+0.0645%	8h	61.400	+0.051%	$306K	$27K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0689%	8h	61.287	−0.133%	$36K	$217K	10x	as long as short