Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0314%/8hpaid last 24h +0.004%

Price spread now: MEXC against Entropy−0.018%7-day average −0.006% · you buy dearer than you sell

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

Long on Entropy Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.018%, 7d avg −0.006%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.067% in total (about -5.8% 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	61.641	0.0343	pay 0.0043% / 1h	4m 33s	$243K	$492K	25x
Short	MEXC DRAM_USDT	61.630	0.0029	get 0.0029% / 8h	4h 04m	$11.2M	$6.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$65.95
Price spread: −0.018% → −0.006%: −$1.14
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee MEXC: 0 bp × 2 orders: $0
Net: −$85.09
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 18 min ago; MEXC: live order book, 3 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, 18 min ago	2.84 bp	13.7 bp −$14	28.6 bp −$286	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.81 bp	0.8 bp −$1	0.8 bp −$8	4.5 bp −$449	17.9 bp −$8,934

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
Aster DRAMUSDT	0.0000%	8h	61.647	+0.010%	$202K	$33K	20x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.650	+0.015%	$5.4M	$4.8M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.630	−0.018%	$446K	$426K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.640	−0.002%	$8.2M	$3.4M	75x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.630	−0.018%	$25.9M	$12.4M	20x	as long as short
Variational Omni DRAM	0.0000%	8h	61.655	+0.022%	$2.4M	$995K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.694	+0.086%	$36K	$188K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.630	−0.018%	$748	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.650	+0.015%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.650	+0.015%	$1.8M	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDTshort	+0.0029%	8h	61.630	−0.018%	$11.2M	$6.3M	100x
Binance DRAMUSDT	+0.0032%	8h	61.644	+0.005%	$43.6M	$80.7M	50x	as long as short
Extended DRAM-USD	+0.0032%	1h	61.626	−0.024%	$74K	$712K	10x	as long as short
QFEX DRAM-USD	+0.0038%	1h	61.630	−0.018%	$1.0M	$68K	10x	as long as short
edgeX DRAMUSDC	+0.0044%	4h	61.728	+0.140%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.580	−0.099%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.616	−0.041%	$193K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.630	−0.018%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.131%	$1.2M	$1.7M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.633	−0.013%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.640	−0.002%	$3.0M	$467K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.700	+0.096%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.650	+0.015%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.634	−0.011%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0118%	8h	61.660	+0.031%	$9.1M	$10.0M	100x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.610	−0.050%	$297K	$26K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0135%	8h	61.654	+0.022%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0144%	1h	61.370	−0.440%	$508K	$41K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0232%	1h	61.625	−0.026%	$78.7M	$39.4M	20x	as long as short
Aftermath Perps DRAMUSD	+0.0234%	1h	61.646	+0.008%	$1K	$36K	5x	as long as short
Lighter DRAM	+0.0280%	1h	61.616	−0.041%	$993K	$1.2M	20x	as long as short
Entropy io:DRAMlong	+0.0343%	1h	61.641	long leg	$243K	$492K	25x
Deribit DRAM_USDC-PERPETUAL	+0.0400%	1h	61.620	−0.034%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0404%	1h	61.620	−0.034%	$50K	$100K	10x	as long as short