Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0363%/8h= −39.8% APRpaid last 24h −0.030%

Price spread now: KuCoin against Entropy+0.148%7-day average −0.036% · you sell dearer than you buy

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

Long on Entropy Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.148%, 7d avg −0.036%

Together, before fees−0.154%−$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.184% dearer against Entropy than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of −0.036%): +$18 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 4 days (−0.024% in total) that is about 34 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.024% in total (about -2.0% 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	Entropy io:DRAM	62.218	0.0463	pay 0.0058% / 1h	48m 09s	$254K	$475K	25x
Short	KuCoin DRAMUSDTM	62.310	0.0100	get 0.0100% / 8h	7h 48m	$3.0M	$448K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$76.31
Price spread: +0.148% → −0.036%: $18.38
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$87.93
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 7 min ago; KuCoin: live order book, 9 min ago. 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 Entropy live order book, 7 min ago	2.25 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.61 bp	34.4 bp −$34	doesn't fit	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
SunX DRAM-USDT	0.0000%	8h	62.390	+0.276%	$751	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.250	+0.051%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.380	+0.260%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	62.206	−0.019%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.290	+0.116%	—	—	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.351	+0.214%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.250	+0.051%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0075%	4h	62.216	−0.003%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.372	+0.248%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	62.310	+0.148%	$3.0M	$448K	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni DRAMUSDT	+0.0100%	1h	62.150	−0.109%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.370	+0.244%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.348	+0.209%	$4K	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0146%	1h	62.344	+0.203%	$267K	$1.3M	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.330	+0.180%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.479%	$535K	$95K	20x	as long as short
Lighter DRAM	+0.0192%	1h	62.389	+0.275%	$969K	$1.2M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0211%	8h	62.410	+0.309%	$5.5M	$4.7M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.365	+0.236%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0280%	8h	62.380	+0.260%	$26.3M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0337%	8h	62.276	+0.094%	$200K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0392%	1h	62.370	+0.244%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0419%	8h	62.255	+0.060%	$2.4M	$756K	—	as long as short
Entropy io:DRAMlong	+0.0463%	1h	62.218	long leg	$254K	$475K	25x
MEXC DRAM_USDT	+0.0465%	8h	62.390	+0.276%	$10.1M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0470%	8h	62.389	+0.274%	$44.5M	$81.5M	50x	as long as short
Extended DRAM-USD	+0.0472%	1h	62.365	+0.236%	$75K	$767K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0478%	1h	62.388	+0.273%	$81.8M	$39.4M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0517%	8h	62.213	−0.008%	$37K	$164K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.240	+0.035%	$51K	$84K	10x	as long as short
Gate DRAM_USDT	+0.0626%	8h	62.400	+0.293%	$8.3M	$3.4M	75x	as long as short
Bybit DRAMUSDT	+0.0635%	8h	62.460	+0.389%	$9.6M	$10.5M	100x	as long as short
BloFin DRAM-USDT	+0.0811%	8h	62.310	+0.148%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.341	+0.198%	$455K	$492K	20x	as long as short