Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h +0.054%

Price spread now: BloFin against Coinbase International+0.589%58s7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.379% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.639%−$64 · spread now +0.589%, 7d avg +0.168%

Together, before fees−0.816%−$82 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: BloFin is 0.421% dearer against Coinbase International than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +0.168%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.110	0.0184	pay 0.0023% / 1h	4m 01s	$525K	$75K	20x
Short	BloFin DRAM-USDT	61.470	0.0191	get 0.0191% / 8h	2h 04m	$298K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.589%Rate

Funding earned: $1.47
Price spread: +0.589% → +0.168%: $42.13
Slippage, 4 orders: −$15.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.74
Costs to cover: 0.379%
Break-even: from the start

Slippage from Coinbase International: live order book, 44 min ago; BloFin: live order book, 21 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, 44 min ago	4.06 bp	9.2 bp −$9	13.0 bp −$130	doesn't fit	doesn't fit
Sell BloFin live order book, 21 min ago	1.63 bp	10.9 bp −$11	20.6 bp −$206	58.9 bp −$5,890	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	−0.0471%	8h	61.430	+0.524%	$26.1M	$14.4M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.404	+0.480%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.460	+0.573%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.462	+0.576%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.420	+0.507%	$746	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.370	+0.425%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.400	+0.475%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0014%	8h	61.430	+0.524%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.358	+0.406%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.390	+0.458%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0045%	8h	61.420	+0.507%	$5.5M	$5.7M	50x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.400	+0.475%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.400	+0.475%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.394	+0.465%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.395	+0.466%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	+0.442%	$1.1M	$3.4M	10x	as long as short
Aster DRAMUSDT	+0.0060%	8h	61.434	+0.530%	$198K	$35K	20x	as long as short
edgeX DRAMUSDC	+0.0073%	4h	61.428	+0.521%	$149K	$298K	20x	as long as short
Entropy io:DRAM	+0.0077%	1h	61.366	+0.419%	$170K	$470K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.374	+0.432%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	+0.458%	$3.0M	$411K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.490	+0.622%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.410	+0.491%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.400	+0.475%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.444	+0.547%	$2.3M	$669K	—	as long as short
Paradex DRAM-USD-PERP	+0.0120%	8h	61.395	+0.467%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0147%	1h	61.396	+0.468%	$79.5M	$36.1M	20x	as long as short
Binance DRAMUSDT	+0.0165%	8h	61.410	+0.492%	$44.0M	$87.0M	50x	as long as short
MEXC DRAM_USDT	+0.0167%	8h	61.400	+0.475%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.383	+0.446%	$76K	$188K	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0184%	1h	61.110	long leg	$525K	$75K	20x
BloFin DRAM-USDTshort	+0.0191%	8h	61.470	+0.589%	$298K	$26K	20x
Deribit DRAM_USDC-PERPETUAL	+0.0239%	1h	61.400	+0.475%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.411	+0.493%	$1.1M	$1.2M	20x	as long as short