Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.029%

Price spread now: tradeXYZ against edgeX+0.079%66s7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$350.348% of the position

Long on edgeX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.079%, 7d avg −0.035%

Together, before fees−0.069%+ Points / potential airdropedgeX: Active · tradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.114% dearer against edgeX than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.035%. The two prices were read 66 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	edgeX DRAMUSDC	62.192	0.0093	pay 0.0047% / 4h	1h 24m	$151K	$296K	20x
Short	tradeXYZ xyz:DRAM	62.241	0.0173	get 0.0022% / 1h	24m 20s	$81.7M	$36.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against edgeX. 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 edgeXbpFee tradeXYZbpOrdersPrice spread, now +0.079%Rate

Funding earned: $16.8
Price spread: +0.079% → −0.035%: $11.44
Slippage, 4 orders: −$7.79
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6.55
Costs to cover: 0.348%
Break-even: 9.7 days

Slippage from edgeX: live order book, 39 min ago; tradeXYZ: live order book, 4 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 edgeX live order book, 39 min ago	2.41 bp	7.4 bp −$7	14.5 bp −$145	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.40 bp	10.1 bp −$10	12.0 bp −$120	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
RISEx DRAM/USDC	0.0000%	1h	62.238	+0.074%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.230	+0.062%	$894	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.210	+0.029%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.230	+0.062%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	62.224	+0.052%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.210	+0.029%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.003%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.230	+0.062%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.218	+0.042%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.051%	$1.1M	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.230	+0.062%	$1.0M	$78K	10x	as long as short
Bitget DRAMUSDT	+0.0063%	8h	62.260	+0.110%	$26.2M	$13.2M	20x	as long as short
Entropy io:DRAM	+0.0066%	1h	62.183	−0.014%	$251K	$411K	25x	as long as short
edgeX DRAMUSDClong	+0.0093%	4h	62.192	long leg	$151K	$296K	20x
Lighter DRAM	+0.0096%	1h	62.228	+0.058%	$967K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.242	+0.080%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	+0.045%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	+0.029%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.110%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.262	+0.113%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0129%	8h	62.222	+0.049%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0153%	8h	62.233	+0.067%	$36K	$158K	10x	as long as short
tradeXYZ xyz:DRAMshort	+0.0173%	1h	62.241	+0.079%	$81.7M	$36.5M	20x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.244%	$534K	$74K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0188%	8h	62.260	+0.110%	$5.5M	$4.4M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.220	+0.045%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0254%	8h	62.270	+0.126%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0387%	8h	62.240	+0.078%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0469%	8h	62.222	+0.049%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0507%	8h	62.259	+0.108%	$44.7M	$81.5M	50x	as long as short
MEXC DRAM_USDT	+0.0508%	8h	62.260	+0.110%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0512%	1h	62.224	+0.051%	$75K	$669K	10x	as long as short
Gate DRAM_USDT	+0.0530%	8h	62.290	+0.158%	$8.1M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0751%	8h	62.230	+0.062%	$302K	$26K	20x	as long as short