Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0317%/8h= −34.7% APRpaid last 24h −0.058%

Price spread now: SunX against Entropy+0.078%7-day average −0.010% · you sell dearer than you buy

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

Long on Entropy Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.140%−$14 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.078%, 7d avg −0.010%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.087% dearer against Entropy than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.010%): +$9 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 4 days (−0.140% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.922	0.0317	pay 0.0040% / 1h	42m 15s	$260K	$502K	25x
Short	SunX DRAM-USDT	61.970	0	get 0.0000% / 8h	42m 15s	$578	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$66.63
Price spread: +0.078% → −0.010%: $8.71
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee SunX: 4 bp × 2 orders: −$8
Net: −$83.93
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 23 min ago; SunX: live order book, 5 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, 23 min ago	3.00 bp	15.8 bp −$16	28.7 bp −$287	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	45.99 bp	doesn't fit	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
Gate DRAM_USDT	0.0000%	8h	61.990	+0.110%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDTshort	0.0000%	8h	61.970	+0.078%	$578	$3.2M	10x
HTX DRAM-USDT	0.0000%	8h	61.920	−0.003%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.820	−0.165%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.974	+0.083%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.880	−0.068%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.945	+0.037%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.967	+0.073%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.920	−0.003%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	61.972	+0.080%	$153K	$291K	20x	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	+0.0079%	1h	61.950	+0.045%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.977	+0.089%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.930	+0.013%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.900	−0.036%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	+0.094%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.975	+0.086%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0141%	8h	61.970	+0.078%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0145%	8h	61.970	+0.078%	$26.0M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0171%	8h	61.963	+0.066%	—	—	5x	as long as short
Lighter DRAM	+0.0176%	1h	61.964	+0.068%	$977K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0176%	8h	61.981	+0.095%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0191%	8h	61.968	+0.075%	$36K	$178K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.552%	$510K	$43K	20x	as long as short
Variational Omni DRAM	+0.0261%	8h	61.987	+0.105%	$2.4M	$948K	—	as long as short
Bybit DRAMUSDT	+0.0276%	8h	62.006	+0.136%	$9.4M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.970	+0.078%	$457K	$475K	20x	as long as short
MEXC DRAM_USDT	+0.0307%	8h	61.970	+0.078%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0309%	8h	61.970	+0.078%	$43.9M	$82.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0310%	1h	61.969	+0.076%	$80.4M	$39.9M	20x	as long as short
Extended DRAM-USD	+0.0312%	1h	61.959	+0.060%	$77K	$766K	10x	as long as short
Entropy io:DRAMlong	+0.0317%	1h	61.922	long leg	$260K	$502K	25x
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.960	+0.061%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0560%	8h	61.980	+0.094%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	+0.045%	$50K	$89K	10x	as long as short