Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.030%

Price spread now: Coinbase International against Bitget−0.176%7-day average −0.182% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 4 days (all we have)+0.143%+$14 · spread now −0.176%, 7d avg −0.182%

Together, before fees+0.392%+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.182%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DRAMUSDT	62.440	0.0096	pay 0.0096% / 8h	4h 19m	$26.3M	$13.3M	20x
Short	Coinbase International DRAM-PERP-INTX	62.330	0.0152	get 0.0019% / 1h	19m 46s	$535K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.176%Rate

Funding earned: $11.76
Price spread: −0.176% → −0.182%: $0.55
Slippage, 4 orders: −$9.54
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.23
Costs to cover: 0.315%
Break-even: 18.4 days

Slippage from Bitget: live order book, 4 min ago; Coinbase International: live order book, 38 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 Bitget live order book, 4 min ago	0.80 bp	8.3 bp −$8	8.4 bp −$84	19.9 bp −$1,994	54.3 bp −$27.1K
Sell Coinbase International live order book, 38 min ago	2.40 bp	8.2 bp −$8	13.1 bp −$131	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
RISEx DRAM/USDC	0.0000%	1h	62.447	+0.011%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.500	+0.096%	$635	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.430	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.470	+0.048%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0005%	4h	62.476	+0.057%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.445	+0.008%	$1K	$32K	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0024%	8h	62.480	+0.064%	$36K	$172K	10x	as long as short
Lighter DRAM	+0.0032%	1h	62.440	0.000%	$971K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.450	+0.016%	$49K	$78K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.450	+0.016%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.454	+0.022%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.465	+0.040%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	+0.016%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.490	+0.080%	$1.0M	$78K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0076%	1h	62.443	+0.005%	$81.8M	$35.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0083%	8h	62.443	+0.005%	—	—	5x	as long as short
Bitget DRAMUSDTlong	+0.0096%	8h	62.440	long leg	$26.3M	$13.3M	20x
Pacifica DRAM	+0.0100%	1h	62.441	+0.002%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.450	+0.016%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.470	+0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.510	+0.112%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.487	+0.076%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0107%	8h	62.480	+0.064%	$5.5M	$4.5M	50x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0152%	1h	62.330	−0.176%	$535K	$75K	20x
Bybit DRAMUSDT	+0.0153%	8h	62.480	+0.064%	$9.7M	$9.7M	100x	as long as short
Entropy io:DRAM	+0.0160%	1h	62.457	+0.027%	$184K	$441K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.480	+0.064%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0268%	8h	62.468	+0.044%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0343%	8h	62.503	+0.102%	$2.4M	$747K	—	as long as short
Binance DRAMUSDT	+0.0383%	8h	62.475	+0.056%	$45.0M	$80.1M	50x	as long as short
MEXC DRAM_USDT	+0.0383%	8h	62.440	0.000%	$8.9M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0384%	1h	62.431	−0.015%	$76K	$622K	10x	as long as short
BloFin DRAM-USDT	+0.0447%	8h	62.520	+0.128%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0637%	8h	62.490	+0.080%	$8.2M	$3.5M	75x	as long as short