Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0453%/8h= +49.6% APRpaid last 24h +0.017%

Price spread now: MEXC against Coinbase International+0.016%7-day average +0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.016%, 7d avg +0.155%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.139% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.155%). If the spread goes back, that is −$14 on $10k: about 25 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −0.181%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	62.130	0.0152	pay 0.0019% / 1h	39m 37s	$534K	$93K	20x
Short	MEXC DRAM_USDT	62.140	0.0605	get 0.0605% / 8h	6h 39m	$9.7M	$5.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.016%Rate

Funding earned: $95.13
Price spread: +0.016% → +0.155%: −$13.91
Slippage, 4 orders: −$13.86
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $57.37
Costs to cover: 0.239%
Break-even: 2.8 days

Slippage from Coinbase International: live order book, 29 min ago; MEXC: live order book, 3 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, 29 min ago	4.00 bp	9.7 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.80 bp	2.0 bp −$2	2.4 bp −$24	7.4 bp −$738	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
SunX DRAM-USDT	0.0000%	8h	62.150	+0.032%	$970	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	+0.080%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.160	+0.048%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	62.195	+0.104%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.177	+0.076%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.170	+0.064%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.100	−0.048%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.130	0.000%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.143	+0.021%	$252K	$434K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.125	−0.008%	$266K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.144	+0.023%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	+0.048%	$1.1M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.117	−0.021%	$76K	$43K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.120	−0.016%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	+0.129%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.180	+0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.179	+0.078%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.127	−0.005%	$965K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0152%	1h	62.130	long leg	$534K	$93K	20x
Paradex DRAM-USD-PERP	+0.0187%	8h	62.132	+0.004%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0225%	8h	62.150	+0.032%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0231%	1h	62.114	−0.026%	$81.7M	$36.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.140	+0.016%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0358%	8h	62.180	+0.080%	$9.6M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0393%	8h	62.150	+0.032%	$26.0M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0476%	8h	62.177	+0.076%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0568%	8h	62.195	+0.105%	$2.4M	$758K	—	as long as short
Binance DRAMUSDT	+0.0604%	8h	62.148	+0.029%	$44.5M	$82.2M	50x	as long as short
MEXC DRAM_USDTshort	+0.0605%	8h	62.140	+0.016%	$9.7M	$5.9M	100x
Extended DRAM-USD	+0.0608%	1h	62.145	+0.025%	$75K	$663K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0608%	8h	62.242	+0.180%	$37K	$152K	10x	as long as short
Gate DRAM_USDT	+0.0614%	8h	62.180	+0.080%	$8.2M	$3.4M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.142	+0.020%	$448K	$504K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.402%	$301K	$26K	20x	as long as short