Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.037%

Price spread now: Entropy against Bitget+0.027%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Bitget Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.110%+$11 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.027%, 7d avg −0.020%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Entropy is 0.047% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.020%.

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	Entropy io:DRAM	62.457	0.0160	get 0.0020% / 1h	19m 13s	$184K	$441K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now +0.027%Rate

Funding earned: $13.41
Price spread: +0.027% → −0.020%: $4.68
Slippage, 4 orders: −$12.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$24.16
Costs to cover: 0.423%
Break-even: 19.6 days

Slippage from Bitget: live order book, 5 min ago; Entropy: live order book, 6 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, 5 min ago	0.80 bp	8.3 bp −$8	8.4 bp −$84	19.9 bp −$1,994	54.3 bp −$27.1K
Sell Entropy live order book, 6 min ago	2.16 bp	14.6 bp −$15	doesn't fit	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	62.460	+0.032%	$668	$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	62.450	+0.016%	$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	62.438	−0.004%	$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	62.436	−0.006%	$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	62.430	−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	62.423	−0.027%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.432	−0.013%	$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	62.430	−0.016%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.440	0.000%	$13K	$3K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0075%	1h	62.429	−0.018%	$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	62.490	+0.080%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.470	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.456	+0.026%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0107%	8h	62.460	+0.032%	$5.5M	$4.5M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.176%	$535K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0153%	8h	62.480	+0.064%	$9.7M	$9.7M	100x	as long as short
Entropy io:DRAMshort	+0.0160%	1h	62.457	+0.027%	$184K	$441K	25x
Aster DRAMUSDT	+0.0268%	8h	62.443	+0.005%	$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	62.445	+0.008%	$44.9M	$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	62.423	−0.027%	$76K	$622K	10x	as long as short
BloFin DRAM-USDT	+0.0438%	8h	62.460	+0.032%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0637%	8h	62.480	+0.064%	$8.2M	$3.5M	75x	as long as short