Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0172%/8h= +18.9% APRpaid last 24h +0.005%

Price spread now: BloFin against Entropy+0.098%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$490.486% of the position

Long on Entropy Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.098%, 7d avg −0.005%

Together, before fees−0.136%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BloFin is 0.103% dearer against Entropy than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 4 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.470	−0.0052	get 0.0007% / 1h	30m 52s	$248K	$512K	25x
Short	BloFin DRAM-USDT	61.530	0.0120	get 0.0120% / 8h	3h 30m	$295K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Entropy. 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 EntropybpFee BloFinbpOrdersPrice spread, now +0.098%Rate

Funding earned: $36.15
Price spread: +0.098% → −0.005%: $10.29
Slippage, 4 orders: −$18.61
Fee Entropy: 9 bp × 2 orders: −$18
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$2.17
Costs to cover: 0.486%
Break-even: 7.4 days

Slippage from Entropy: live order book, 8 min ago; BloFin: live order book, 14 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 Entropy live order book, 8 min ago	2.12 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	1.63 bp	7.6 bp −$8	11.4 bp −$114	36.8 bp −$3,681	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
Entropy io:DRAMlong	−0.0052%	1h	61.470	long leg	$248K	$512K	25x
Aster DRAMUSDT	0.0000%	8h	61.500	+0.049%	$201K	$33K	20x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.510	+0.065%	$5.4M	$4.9M	50x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.520	+0.081%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.510	+0.065%	$795	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.490	+0.033%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.520	+0.081%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0022%	4h	61.517	+0.076%	$152K	$289K	20x	as long as short
Variational Omni DRAM	+0.0034%	8h	61.476	+0.010%	$2.4M	$995K	—	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.493	+0.037%	$1K	$37K	5x	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	61.450	−0.033%	—	$797	10x	as long as short
Bitget DRAMUSDT	+0.0048%	8h	61.520	+0.081%	$25.9M	$12.6M	20x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.489	+0.031%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.515	+0.073%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.440	−0.049%	$1.2M	$1.7M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0051%	8h	61.519	+0.079%	$36K	$193K	10x	as long as short
QFEX DRAM-USD	+0.0074%	1h	61.520	+0.081%	$1.0M	$65K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.505	+0.056%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.490	+0.033%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.550	+0.130%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.520	+0.081%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.518	+0.079%	$4K	—	10x	as long as short
MEXC DRAM_USDT	+0.0107%	8h	61.520	+0.081%	$11.1M	$6.3M	100x	as long as short
Binance DRAMUSDT	+0.0108%	8h	61.522	+0.085%	$43.7M	$82.3M	50x	as long as short
Extended DRAM-USD	+0.0112%	1h	61.517	+0.077%	$99K	$738K	10x	as long as short
BloFin DRAM-USDTshort	+0.0120%	8h	61.530	+0.098%	$295K	$26K	20x
Bybit DRAMUSDT	+0.0133%	8h	61.537	+0.109%	$9.1M	$10.2M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0153%	8h	61.507	+0.060%	—	—	5x	as long as short
RISEx DRAM/USDC	+0.0183%	1h	61.511	+0.067%	$471K	$437K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.500	+0.049%	$510K	$43K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0238%	1h	61.510	+0.065%	$13K	$9K	20x	as long as short
Lighter DRAM	+0.0248%	1h	61.526	+0.091%	$989K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0284%	1h	61.502	+0.052%	$78.9M	$40.0M	20x	as long as short
Arcus DRAM-USD	+0.0729%	1h	61.500	+0.049%	$50K	$99K	10x	as long as short