Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0130%/8h= +14.3% APRpaid last 24h −0.027%

Price spread now: Orderly against Entropy+0.016%7-day average — · you sell dearer than you buy

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

Long on Entropy Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.510	−0.0030	get 0.0004% / 1h	32m 44s	$246K	$509K	25x
Short	Orderly PERP_DRAM_USDC_mythos	61.520	0.0100	get 0.0100% / 8h	3h 32m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.016%Rate

Funding earned: $27.34
Price spread: +0.016% → 0.000%: $1.63
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Orderly: 3 bp × 2 orders: −$6
Net: $4.96
Costs to cover: 0.240%
Break-even: 5.7 days

Slippage unknown: Entropy: live order book, 6 min ago; Orderly: no order-book sample. 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, 6 min ago	2.12 bp	14.7 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0030%	1h	61.510	long leg	$246K	$509K	25x
Aster DRAMUSDT	0.0000%	8h	61.542	+0.052%	$201K	$33K	20x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.520	+0.016%	$5.4M	$4.9M	50x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.520	+0.016%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.520	+0.016%	$799	$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	61.510	0.000%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0033%	4h	61.479	−0.050%	$152K	$288K	20x	as long as short
Variational Omni DRAM	+0.0034%	8h	61.476	−0.055%	$2.4M	$995K	—	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.467	−0.071%	$1K	$36K	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	61.460	−0.081%	—	$797	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0046%	8h	61.501	−0.015%	$35K	$192K	10x	as long as short
Bitget DRAMUSDT	+0.0048%	8h	61.510	0.000%	$25.9M	$12.6M	20x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.487	−0.037%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.510	0.000%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.440	−0.114%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0074%	1h	61.520	+0.016%	$1.0M	$68K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.508	−0.003%	$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	+0.065%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.520	+0.016%	$8K	—	10x
Extended DRAM-USD	+0.0104%	1h	61.512	+0.004%	$99K	$737K	10x	as long as short
MEXC DRAM_USDT	+0.0104%	8h	61.510	0.000%	$11.1M	$6.3M	100x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.523	+0.021%	$4K	—	10x	as long as short
Binance DRAMUSDT	+0.0108%	8h	61.513	+0.005%	$43.7M	$82.3M	50x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.500	−0.016%	$297K	$26K	20x	as long as short
Bybit DRAMUSDT	+0.0140%	8h	61.540	+0.049%	$9.2M	$10.2M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0157%	8h	61.515	+0.007%	—	—	5x	as long as short
RISEx DRAM/USDC	+0.0183%	1h	61.520	+0.016%	$471K	$436K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.500	−0.016%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0248%	1h	61.511	+0.002%	$991K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0298%	1h	61.490	−0.033%	$78.9M	$40.0M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0401%	1h	61.520	+0.016%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0729%	1h	61.520	+0.016%	$50K	$99K	10x	as long as short