Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.015%

Price spread now: Orderly against Coinbase International+0.115%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.115% dearer against Coinbase International than usual: you sell high and buy low (spread +0.115% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.110	0.0160	pay 0.0020% / 1h	27m 57s	$525K	$75K	20x
Short	Orderly PERP_DRAM_USDC_mythos	61.180	0.0100	get 0.0100% / 8h	1h 27m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.115%Rate

Funding earned: −$12.6
Price spread: +0.115% → 0.000%: $11.45
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.15
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 15 min ago; Orderly: no order-book sample. Net counts fees only.

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, 15 min ago	4.91 bp	11.3 bp −$11	14.0 bp −$140	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0580%	8h	61.190	+0.131%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.196	+0.141%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.180	+0.115%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.175	+0.106%	$424K	$353K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.220	+0.180%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.160	+0.082%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.180	+0.115%	$847	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.150	+0.065%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.170	+0.098%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0010%	8h	61.180	+0.115%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0029%	1h	61.121	+0.018%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.200	+0.147%	$997K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.130	+0.033%	$48K	$68K	10x	as long as short
Variational Omni DRAM	+0.0042%	8h	61.134	+0.040%	$2.3M	$682K	—	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.170	+0.098%	—	—	10x	as long as short
edgeX DRAMUSDC	+0.0047%	4h	61.122	+0.019%	$148K	$299K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.121	+0.018%	$168K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.152	+0.069%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.170	+0.098%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.150	+0.065%	$1.0M	$3.5M	10x	as long as short
BloFin DRAM-USDT	+0.0052%	8h	61.180	+0.115%	$300K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0082%	1h	61.146	+0.059%	$79.2M	$35.9M	20x	as long as short
Extended DRAM-USD	+0.0088%	1h	61.145	+0.058%	$74K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0090%	8h	61.186	+0.125%	—	—	5x	as long as short
MEXC DRAM_USDT	+0.0091%	8h	61.150	+0.065%	$8.0M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0091%	8h	61.160	+0.082%	$43.7M	$87.7M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	61.193	+0.137%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.160	+0.082%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.130	+0.033%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.180	+0.115%	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.179	+0.113%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0160%	1h	61.110	long leg	$525K	$75K	20x
Lighter DRAM	+0.0192%	1h	61.182	+0.118%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0241%	1h	61.180	+0.115%	$13K	$3K	20x	as long as short