Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.049%

Price spread now: edgeX against Coinbase International+0.636%7-day average +0.151% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs+$13as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.261%−$26 on $10k

Price spread, last 3 days (all we have)−0.689%−$69 · spread now +0.636%, 7d avg +0.151%

Together, before fees−0.951%+ Points / potential airdropedgeX: Active · farm board−$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.485% dearer against Coinbase International than usual: you sell high and buy low (spread +0.636% now, against its 7-day average of +0.151%): +$49 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.580	0.0192	pay 0.0024% / 1h	43m 32s	$510K	$43K	20x
Short	edgeX DRAMUSDC	61.972	0.0072	get 0.0036% / 4h	43m 32s	$153K	$291K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.636%Rate

Funding earned: −$25.12
Price spread: +0.636% → +0.151%: $48.5
Slippage, 4 orders: −$16.59
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$12.21
Costs to cover: 0.356%
Break-even: from the start

Slippage from Coinbase International: live order book, 35 min ago; edgeX: live order book, 34 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, 35 min ago	3.24 bp	12.4 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit
Sell edgeX live order book, 34 min ago	2.43 bp	7.5 bp −$7	15.0 bp −$150	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
Gate DRAM_USDT	0.0000%	8h	61.990	+0.666%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.970	+0.633%	$826	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.920	+0.552%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.850	+0.438%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.955	+0.609%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	+0.455%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.939	+0.583%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.980	+0.650%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	+0.520%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDCshort	+0.0072%	4h	61.972	+0.636%	$153K	$291K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.950	+0.601%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.978	+0.647%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	+0.552%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.900	+0.520%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	+0.650%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.989	+0.664%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0141%	8h	61.970	+0.633%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0143%	8h	61.960	+0.617%	$26.0M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0169%	8h	61.964	+0.623%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0172%	8h	61.994	+0.672%	$199K	$36K	20x	as long as short
Lighter DRAM	+0.0176%	1h	61.971	+0.635%	$978K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0191%	8h	61.968	+0.630%	$36K	$178K	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0192%	1h	61.580	long leg	$510K	$43K	20x
Variational Omni DRAM	+0.0261%	8h	61.987	+0.661%	$2.4M	$948K	—	as long as short
Bybit DRAMUSDT	+0.0275%	8h	62.002	+0.685%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.967	+0.629%	$457K	$475K	20x	as long as short
MEXC DRAM_USDT	+0.0302%	8h	61.950	+0.601%	$11.2M	$6.5M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0302%	1h	61.966	+0.627%	$80.4M	$39.9M	20x	as long as short
Extended DRAM-USD	+0.0304%	1h	61.959	+0.615%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0307%	8h	61.964	+0.623%	$43.8M	$82.6M	50x	as long as short
Entropy io:DRAM	+0.0310%	1h	61.906	+0.529%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.970	+0.633%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0552%	8h	61.980	+0.650%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	+0.601%	$50K	$89K	10x	as long as short