Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.059%

Price spread now: Entropy against BloFin−0.100%7-day average −0.009% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on BloFin Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.012%+$1 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.100%, 7d avg −0.009%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.092% cheaper against BloFin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DRAM-USDT	60.890	0.0043	pay 0.0043% / 8h	5m 12s	$298K	$26K	20x
Short	Entropy io:DRAM	60.829	0.0050	get 0.0006% / 1h	5m 12s	$179K	$479K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.100%Rate

Funding earned: $1.55
Price spread: −0.100% → −0.009%: −$9.16
Slippage, 4 orders: −$33.12
Fee BloFin: 6 bp × 2 orders: −$12
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$70.74
Costs to cover: 0.631%
Break-even: 326.9 days

Slippage from BloFin: live order book, 9 min ago; Entropy: live order book, 50 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, 9 min ago	0.82 bp	10.8 bp −$11	14.4 bp −$144	40.1 bp −$4,010	doesn't fit
Sell Entropy live order book, 50 min ago	2.38 bp	23.9 bp −$24	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
Bitget DRAMUSDT	−0.0764%	8h	60.920	+0.049%	$26.6M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.876	−0.022%	$195K	$38K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.856	−0.056%	$421K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.910	+0.033%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.867	−0.038%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.888	−0.003%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.870	−0.033%	$796	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.840	−0.082%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.860	−0.049%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0011%	8h	60.880	−0.016%	$5.4M	$6.0M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DRAMUSDT	+0.0013%	8h	60.870	−0.033%	$43.8M	$89.0M	50x	as long as short
MEXC DRAM_USDT	+0.0014%	8h	60.860	−0.049%	$8.4M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0016%	1h	60.855	−0.057%	$74K	$198K	10x	as long as short
Bybit DRAMUSDT	+0.0022%	8h	60.893	+0.005%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.864	−0.043%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.840	−0.082%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.870	−0.033%	$991K	$84K	10x	as long as short
BloFin DRAM-USDTlong	+0.0043%	8h	60.890	long leg	$298K	$26K	20x
edgeX DRAMUSDC	+0.0045%	4h	60.863	−0.044%	$148K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.840	−0.082%	—	—	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	60.829	−0.100%	$179K	$479K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	60.848	−0.069%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.861	−0.048%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.820	−0.115%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0079%	1h	60.840	−0.082%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0092%	8h	60.854	−0.059%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.836	−0.089%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.850	−0.066%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.890	0.000%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.870	−0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.859	−0.050%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.082%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0181%	1h	60.845	−0.074%	$78.7M	$35.7M	20x	as long as short
Lighter DRAM	+0.0344%	1h	60.872	−0.030%	$1.1M	$1.2M	20x	as long as short