DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.07 per $10,000 · paid last 24h −0.032%

Price spread now: Polymarket Perps against Coinbase International−0.225%7-day average +0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.250%−$25 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.225%, 7d avg +0.119%

Together, before fees−0.036%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.345% cheaper against Coinbase International than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.119%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	62.110	0.0104	pay 0.0013% / 1h	45m 00s	$533K	$75K	20x
Short	Polymarket Perps DRAM-USD	61.970	0.0050	get 0.0006% / 1h	45m 00s	$265K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.225%Rate

Funding earned: −$11.34
Price spread: −0.225% → +0.119%: −$34.45
Slippage, 4 orders: −$17.48
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$81.27
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 8 min ago; Polymarket Perps: 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, 8 min ago	4.82 bp	11.0 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	1.93 bp	6.1 bp −$6	6.1 bp −$61	8.2 bp −$818	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
RISEx DRAM/USDC	0.0000%	1h	62.022	−0.142%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.040	−0.113%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.110	0.000%	$36K	$180K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	−0.209%	$622	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.060	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.010	−0.161%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	−0.043%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.068	−0.068%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.990	−0.193%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.050	−0.097%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.990	−0.193%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.050	−0.097%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	61.970	−0.225%	$265K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	62.010	−0.161%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.177%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0070%	8h	62.020	−0.145%	$5.4M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0073%	1h	61.980	−0.209%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0079%	8h	62.011	−0.159%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.029	−0.131%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.000	−0.177%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.100	−0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.010	−0.161%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.011	−0.160%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0104%	1h	62.110	long leg	$533K	$75K	20x
Bybit DRAMUSDT	+0.0105%	8h	62.030	−0.129%	$9.7M	$9.7M	100x	as long as short
Lighter DRAM	+0.0120%	1h	62.000	−0.177%	$1.0M	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0130%	1h	61.982	−0.206%	$81.1M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0187%	8h	62.032	−0.126%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	−0.090%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0281%	8h	62.070	−0.064%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0303%	8h	62.018	−0.148%	$44.5M	$80.5M	50x	as long as short
Extended DRAM-USD	+0.0304%	1h	61.999	−0.178%	$76K	$657K	10x	as long as short
MEXC DRAM_USDT	+0.0305%	8h	62.010	−0.161%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0555%	8h	62.040	−0.113%	$8.1M	$3.5M	75x	as long as short