Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0316%/8h= +34.6% APRnext payment +$3.16 per $10,000 · paid last 24h −0.004%
Price spread now: BloFin against Gate+0.016%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$560.560% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.062%+$6 on $10k
Price spread, last 3 days (all we have)+0.051%+$5 · spread now +0.016%, 7d avg +0.009%
Together, before fees+0.113%+$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.009%, 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 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.16 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate DRAM_USDT61.7300get 0.0000% / 8h1h 48m$8.2M$3.5M75x
ShortBloFin DRAM-USDT61.7400.0316get 0.0316% / 8h1h 48m$294K$27K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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

Funding earned
$66.37
Price spread: +0.016% → +0.009%
$0.7
Slippage, 4 orders
−$28.96
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
$11.11
Costs to cover
0.560%
Break-even
5.8 days
Slippage from Gate: live order book, 5 min ago; BloFin: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago2.43 bp19.6 bp −$2033.6 bp −$336142.7 bp −$14.3Kdoesn't fit
Sell BloFin live order book, 28 min ago0.81 bp8.1 bp −$813.0 bp −$13039.0 bp −$3,902doesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate DRAM_USDTlong0.0000%8h61.730long leg$8.2M$3.5M75x
SunX DRAM-USDT0.0000%8h61.720−0.016%$758$3.3M10xas long as short
HTX DRAM-USDT0.0000%8h61.660−0.113%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.720−0.016%$1.8M$1.3M10xas long as short
edgeX DRAMUSDC+0.0024%4h61.712−0.029%$153K$289K20xas long as short
Aftermath Perps DRAMUSD+0.0034%1h61.660−0.113%$1K$36K5xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.620−0.178%$79710xas long as short
Entropy io:DRAM+0.0050%1h61.674−0.091%$254K$505K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.700−0.049%$204K$1.2M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.721−0.015%$2K$15K20xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps DRAM-USD.P+0.0050%1h61.640−0.146%$1.2M$1.7M10xas long as short
QFEX DRAM-USD+0.0052%1h61.690−0.065%$1.0M$77K10xas long as short
OKX DRAM-USDT-SWAP+0.0081%8h61.7300.000%$5.4M$4.6M50xas long as short
Aster DRAMUSDT+0.0090%8h61.737+0.011%$198K$36K20xas long as short
Bitget DRAMUSDT+0.0091%8h61.7300.000%$26.0M$12.5M20xas long as short
Pacifica DRAM+0.0100%1h61.728−0.002%$75K$40K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.700−0.049%$3.0M$476K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h61.700−0.049%$22K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.710−0.032%$8K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.732+0.003%$4K10xas long as short
GRVT DRAM_USDT_Perp+0.0138%8h61.721−0.014%$35K$189K10xas long as short
Paradex DRAM-USD-PERP+0.0149%8h61.713−0.027%5xas long as short
Bybit DRAMUSDT+0.0167%8h61.762+0.052%$9.3M$10.3M100xas long as short
Variational Omni DRAM+0.0172%8h61.710−0.033%$2.4M$969Kas long as short
Coinbase International DRAM-PERP-INTX+0.0208%1h61.580−0.243%$510K$44K20xas long as short
MEXC DRAM_USDT+0.0221%8h61.720−0.016%$11.1M$6.4M100xas long as short
Binance DRAMUSDT+0.0222%8h61.720−0.016%$43.7M$82.7M50xas long as short
Extended DRAM-USD+0.0224%1h61.721−0.015%$102K$741K10xas long as short
RISEx DRAM/USDC+0.0257%1h61.723−0.011%$480K$442K20xas long as short
BloFin DRAM-USDTshort+0.0316%8h61.740+0.016%$294K$27K20x
Lighter DRAM+0.0320%1h61.725−0.008%$992K$1.2M20xas long as short
tradeXYZ xyz:DRAM+0.0334%1h61.704−0.042%$79.2M$39.8M20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0399%1h61.710−0.032%$13K$9K20xas long as short
Arcus DRAM-USD+0.0649%1h61.710−0.032%$50K$93K10xas long as short