Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0232%/8h= +25.4% APRpaid last 24h +0.017%

Price spread now: Coinbase International against Bybit−0.176%7-day average −0.196% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

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

costs, in and out, $10k−$330.329% of the position

Long on Bybit 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)+0.131%+$13 · spread now −0.176%, 7d avg −0.196%

Together, before fees+0.381%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.020% dearer against Bybit than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.438	0	get 0.0000% / 8h	5h 47m	$9.6M	$11.3M	100x
Short	Coinbase International DRAM-PERP-INTX	61.330	0.0232	get 0.0029% / 1h	47m 49s	$537K	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now −0.176%Rate

Funding earned: $48.72
Price spread: −0.176% → −0.196%: $2
Slippage, 4 orders: −$11.9
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $17.83
Costs to cover: 0.329%
Break-even: 4.4 days

Slippage from Bybit: live order book, 3 min ago; Coinbase International: live order book, 63 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 Bybit live order book, 3 min ago	0.81 bp	7.5 bp −$7	13.8 bp −$138	256.4 bp −$25.6K	doesn't fit
Sell Coinbase International live order book, 63 min ago	3.29 bp	8.7 bp −$9	12.9 bp −$129	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDTlong	0.0000%	8h	61.438	long leg	$9.6M	$11.3M	100x
Bitget DRAMUSDT	0.0000%	8h	61.420	−0.029%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.450	+0.020%	$910	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.400	−0.062%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.420	−0.029%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.411	−0.044%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.360	−0.127%	$60K	$81K	10x	as long as short
edgeX DRAMUSDC	+0.0042%	4h	61.465	+0.044%	$149K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.360	−0.127%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.363	−0.122%	$255K	$1.3M	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	61.431	−0.011%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.094%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.420	−0.029%	$1.0M	$98K	10x	as long as short
Lighter DRAM	+0.0096%	1h	61.391	−0.076%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.431	−0.011%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.400	−0.062%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.500	+0.101%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.430	−0.013%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.442	+0.007%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0113%	1h	61.377	−0.099%	$79.7M	$38.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0127%	8h	61.396	−0.068%	—	—	5x	as long as short
Gate DRAM_USDT	+0.0129%	8h	61.450	+0.020%	$8.0M	$3.8M	75x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	61.440	+0.003%	$5.5M	$6.7M	50x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0232%	1h	61.330	−0.176%	$537K	$91K	20x
Aster DRAMUSDT	+0.0235%	8h	61.421	−0.027%	$196K	$28K	20x	as long as short
Variational Omni DRAM	+0.0278%	8h	61.459	+0.035%	$2.2M	$689K	—	as long as short
Extended DRAM-USD	+0.0328%	1h	61.415	−0.037%	$100K	$295K	10x	as long as short
Binance DRAMUSDT	+0.0331%	8h	61.410	−0.046%	$44.6M	$97.9M	50x	as long as short
MEXC DRAM_USDT	+0.0334%	8h	61.430	−0.013%	$9.0M	$5.4M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0402%	1h	61.420	−0.029%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0441%	8h	61.480	+0.068%	$306K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.420	−0.029%	$462K	$369K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0779%	8h	61.473	+0.057%	$37K	$220K	10x	as long as short
Entropy io:DRAM	+0.0845%	1h	61.362	−0.124%	$321K	$1.7M	25x	as long as short