Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0571%/8h= −62.6% APRpaid last 24h −0.045%

Price spread now: edgeX against Extended+0.114%73s7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.320% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 3 days (all we have)−0.093%−$9 · spread now +0.114%, 7d avg +0.024%

Together, before fees−0.166%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.091% dearer against Extended than usual: you sell high and buy low (spread +0.114% now, against its 7-day average of +0.024%): +$9 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.073% in total) that is about 8.7 days. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.073% in total (about -3.8% 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	Extended DRAM-USD	62.410	0.0640	pay 0.0080% / 1h	2m 20s	$76K	$665K	10x
Short	edgeX DRAMUSDC	62.481	0.0069	get 0.0034% / 4h	3h 02m	$151K	$296K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.114%Rate

Funding earned: −$120.01
Price spread: +0.114% → +0.024%: $9.08
Slippage, 4 orders: −$17.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$142.91
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from Extended: live order book, 6 min ago; edgeX: live order book, 6 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 Extended live order book, 6 min ago	0.40 bp	3.2 bp −$3	7.0 bp −$70	doesn't fit	doesn't fit
Sell edgeX live order book, 6 min ago	6.40 bp	14.6 bp −$15	23.8 bp −$238	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	62.430	+0.032%	$950	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.430	+0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.411	+0.001%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.390	−0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.414	+0.006%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.421	+0.018%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.350	−0.096%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDCshort	+0.0069%	4h	62.481	+0.114%	$151K	$296K	20x
Pacifica DRAM	+0.0100%	1h	62.380	−0.048%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.430	+0.032%	$3.0M	$419K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.400	−0.016%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.450	+0.064%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.454	+0.071%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.428	+0.029%	$970K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.410	0.000%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.032%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0221%	1h	62.415	+0.008%	$82.2M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0241%	8h	62.428	+0.030%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0247%	8h	62.440	+0.048%	$5.5M	$4.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.420	+0.016%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0462%	8h	62.470	+0.096%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0508%	8h	62.387	−0.038%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0516%	1h	62.383	−0.043%	$255K	$448K	25x	as long as short
Variational Omni DRAM	+0.0585%	8h	62.483	+0.118%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0591%	8h	62.440	+0.048%	$26.1M	$12.8M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.440	+0.048%	$51K	$82K	10x	as long as short
MEXC DRAM_USDT	+0.0633%	8h	62.430	+0.032%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0637%	8h	62.430	+0.032%	$44.9M	$81.9M	50x	as long as short
Extended DRAM-USDlong	+0.0640%	1h	62.410	long leg	$76K	$665K	10x
Gate DRAM_USDT	+0.0844%	8h	62.460	+0.080%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0996%	8h	62.480	+0.112%	$298K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.430	+0.032%	$456K	$501K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1102%	8h	62.497	+0.140%	$37K	$152K	10x	as long as short