Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0584%/8h= −64.0% APRpaid last 24h −0.049%

Price spread now: Coinbase International against BloFin−0.273%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)+0.240%+$24 · spread now −0.273%, 7d avg −0.165%

Together, before fees+0.420%+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Coinbase International is 0.108% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.165%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.180%, 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 0.180% in total (about 9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DRAM-USDT	62.210	0.0768	pay 0.0768% / 8h	5h 27m	$301K	$26K	20x
Short	Coinbase International DRAM-PERP-INTX	62.040	0.0184	get 0.0023% / 1h	27m 13s	$534K	$74K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Position, each leg$Hold fordaysFee BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now −0.273%Rate

Funding earned: −$122.65
Price spread: −0.273% → −0.165%: −$10.84
Slippage, 4 orders: −$18.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$173.9
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from BloFin: live order book, 12 min ago; Coinbase International: live order book, 36 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 BloFin live order book, 12 min ago	2.41 bp	9.6 bp −$10	11.8 bp −$118	33.8 bp −$3,381	doesn't fit
Sell Coinbase International live order book, 36 min ago	4.82 bp	11.3 bp −$11	14.5 bp −$145	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	62.201	−0.014%	$441K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.210	0.000%	$719	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.210	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.220	+0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	62.193	−0.027%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.210	0.000%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.180	−0.048%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.178	−0.051%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.204	−0.010%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.140	−0.113%	$1.2M	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.180	−0.048%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0063%	1h	62.184	−0.042%	$251K	$422K	25x	as long as short
edgeX DRAMUSDC	+0.0067%	4h	62.242	+0.051%	$151K	$296K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.190	−0.032%	$13K	$3K	20x	as long as short
Bitget DRAMUSDT	+0.0074%	8h	62.220	+0.016%	$26.2M	$13.2M	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.204	−0.010%	$967K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.212	+0.003%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.210	0.000%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	0.000%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.220	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.217	+0.011%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0133%	8h	62.196	−0.023%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0162%	8h	62.270	+0.096%	$36K	$158K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0171%	1h	62.188	−0.035%	$81.6M	$37.2M	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0184%	1h	62.040	−0.273%	$534K	$74K	20x
OKX DRAM-USDT-SWAP	+0.0190%	8h	62.220	+0.016%	$5.5M	$4.4M	50x	as long as short
Bybit DRAMUSDT	+0.0261%	8h	62.248	+0.061%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0394%	8h	62.227	+0.028%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0480%	8h	62.252	+0.068%	$2.4M	$715K	—	as long as short
Extended DRAM-USD	+0.0512%	1h	62.190	−0.032%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0513%	8h	62.207	−0.004%	$44.7M	$81.7M	50x	as long as short
MEXC DRAM_USDT	+0.0515%	8h	62.200	−0.016%	$9.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0532%	8h	62.250	+0.064%	$8.1M	$3.6M	75x	as long as short
BloFin DRAM-USDTlong	+0.0768%	8h	62.210	long leg	$301K	$26K	20x