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−0.0245%/8h= −26.8% APRnext payment $2.45 per $10,000 · paid last 24h −0.081%
Price spread now: Bitget against BloFin−0.016%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$370.367% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.016%, 7d avg +0.008%
Together, before fees−0.071%−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.024% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.070% in total (about -3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.45 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
LongBloFin DRAM-USDT61.8900.0245pay 0.0245% / 8h3h 20m$299K$26K20x
ShortBitget DRAMUSDT61.8800get 0.0000% / 8h3h 20m$26.0M$13.6M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
−$51.42
Price spread: −0.016% → +0.008%
−$2.42
Slippage, 4 orders
−$12.69
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$90.54
Costs to cover
0.367%
Break-even
never at this rate
Slippage from BloFin: live order book, 9 min ago; Bitget: live order book, 3 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 BloFin live order book, 9 min ago2.42 bp10.9 bp −$1115.6 bp −$15641.5 bp −$4,146doesn't fit
Sell Bitget live order book, 3 min ago0.81 bp7.8 bp −$812.1 bp −$12118.6 bp −$1,86452.5 bp −$26.2K

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
RISEx DRAM/USDC0.0000%1h61.884−0.010%$435K$500K20xas long as short
Bitget DRAMUSDTshort0.0000%8h61.880−0.016%$26.0M$13.6M20x
GRVT DRAM_USDT_Perp0.0000%8h61.904+0.022%$36K$187K10xas long as short
SunX DRAM-USDT0.0000%8h61.880−0.016%$680$2.6M10xas long as short
HTX DRAM-USDT0.0000%8h61.830−0.097%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.880−0.016%$1.7M$1.3M10xas long as short
Aftermath Perps DRAMUSD+0.0023%1h61.852−0.061%$1K$32K5xas long as short
QFEX DRAM-USD+0.0036%1h61.880−0.016%$1.0M$84K10xas long as short
Arcus DRAM-USD+0.0040%1h61.830−0.097%$48K$77K10xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.840−0.081%10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:DRAM+0.0050%1h61.811−0.128%$172K$460K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.866−0.039%$260K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.860−0.048%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.760−0.210%$1.1M$2.4M10xas long as short
OKX DRAM-USDT-SWAP+0.0062%8h61.880−0.016%$5.4M$4.6M50xas long as short
edgeX DRAMUSDC+0.0071%4h61.820−0.113%$150K$298K20xas long as short
Bybit DRAMUSDT+0.0079%8h61.870−0.032%$9.6M$9.8M100xas long as short
Pacifica DRAM+0.0100%1h61.851−0.062%$74K$47K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.830−0.097%$3.0M$397K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h61.840−0.081%$22K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.870−0.032%$9K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.863−0.043%$4K10xas long as short
Coinbase International DRAM-PERP-INTX+0.0104%1h62.110+0.355%$533K$75K20xas long as short
Paradex DRAM-USD-PERP+0.0110%8h61.866−0.038%5xas long as short
tradeXYZ xyz:DRAM+0.0134%1h61.801−0.144%$80.5M$35.6M20xas long as short
Aster DRAMUSDT+0.0148%8h61.836−0.087%$199K$35K20xas long as short
Lighter DRAM+0.0192%1h61.823−0.108%$1.1M$1.2M20xas long as short
Variational Omni DRAM+0.0204%8h61.884−0.009%$2.4M$739Kas long as short
BloFin DRAM-USDTlong+0.0245%8h61.890long leg$299K$26K20x
Binance DRAMUSDT+0.0264%8h61.840−0.081%$44.4M$81.3M50xas long as short
Extended DRAM-USD+0.0264%1h61.853−0.059%$75K$327K10xas long as short
MEXC DRAM_USDT+0.0267%8h61.850−0.065%$8.2M$5.6M100xas long as short
Gate DRAM_USDT+0.0424%8h61.880−0.016%$8.1M$3.5M75xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0559%1h61.880−0.016%$13K$3K20xas long as short