Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0044%/8h= +4.9% APRpaid last 24h −0.003%

Price spread now: Binance against Coinbase International+0.274%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 4 days (all we have)−0.207%−$21 · spread now +0.274%, 7d avg +0.162%

Together, before fees−0.390%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.112% dearer against Coinbase International than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.162%. Mind the row above: over the last 7 days funding on this pair cost −0.183%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.140	0.0232	pay 0.0029% / 1h	6m 58s	$536K	$91K	20x
Short	Binance DRAMUSDT	61.308	0.0276	get 0.0276% / 8h	5h 06m	$44.4M	$98.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.274%Rate

Funding earned: $9.34
Price spread: +0.274% → +0.162%: $11.25
Slippage, 4 orders: −$14.94
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.35
Costs to cover: 0.349%
Break-even: 17.8 days

Slippage from Coinbase International: live order book, 39 min ago; Binance: live order book, 14 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 Coinbase International live order book, 39 min ago	5.71 bp	10.7 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.82 bp	6.5 bp −$6	8.7 bp −$87	41.5 bp −$4,154	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 DRAMUSDT	0.0000%	8h	61.338	+0.324%	$9.6M	$11.2M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.320	+0.294%	$26.8M	$17.2M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.310	+0.278%	$579	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.290	+0.245%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.320	+0.294%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.288	+0.243%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.270	+0.213%	$59K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.280	+0.229%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.282	+0.232%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.301	+0.263%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.240	+0.164%	$1.1M	$3.7M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.290	+0.245%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.298	+0.258%	$149K	$299K	20x	as long as short
Lighter DRAM	+0.0064%	1h	61.298	+0.258%	$1.1M	$1.4M	20x	as long as short
Gate DRAM_USDT	+0.0073%	8h	61.340	+0.327%	$8.0M	$3.8M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.246	+0.174%	$75K	$31K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.280	+0.229%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.350	+0.343%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.310	+0.278%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.305	+0.270%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.297	+0.256%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0115%	1h	61.288	+0.242%	$79.5M	$38.7M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0167%	8h	61.320	+0.294%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDT	+0.0184%	8h	61.326	+0.303%	$196K	$28K	20x	as long as short
Variational Omni DRAM	+0.0217%	8h	61.289	+0.244%	$2.2M	$698K	—	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0232%	1h	61.140	long leg	$536K	$91K	20x
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.280	+0.229%	$13K	$3K	20x	as long as short
MEXC DRAM_USDT	+0.0274%	8h	61.300	+0.262%	$9.0M	$5.4M	100x	as long as short
Binance DRAMUSDTshort	+0.0276%	8h	61.308	+0.274%	$44.4M	$98.9M	50x
Extended DRAM-USD	+0.0280%	1h	61.290	+0.245%	$98K	$293K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0345%	8h	61.300	+0.262%	$36K	$228K	10x	as long as short
Entropy io:DRAM	+0.0457%	1h	61.294	+0.252%	$303K	$1.7M	25x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.303	+0.266%	$461K	$367K	20x	as long as short
BloFin DRAM-USDT	+0.0662%	8h	61.310	+0.278%	$306K	$28K	20x	as long as short