Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.020%

Price spread now: Entropy against MEXC−0.110%49s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$290.286% of the position

Long on MEXC Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.110%, 7d avg 0.000%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Entropy is 0.110% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of 0.000%). Swap the legs. The two prices were read 49 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 5 days it paid 0.042% in total (about 3.3% 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	MEXC DRAM_USDT	61.820	0.0259	pay 0.0259% / 8h	3h 16m	$8.2M	$5.6M	100x
Short	Entropy io:DRAM	61.752	0.0050	get 0.0006% / 1h	16m 54s	$172K	$461K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against MEXC. 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 MEXCbpFee EntropybpOrdersPrice spread, now −0.110%Rate

Funding earned: −$43.89
Price spread: −0.110% → 0.000%: −$11.03
Slippage, 4 orders: −$10.56
Fee MEXC: 0 bp × 2 orders: $0
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$83.48
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Entropy: live order book, 68 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 MEXC live order book, 1 min ago	0.81 bp	0.8 bp −$1	1.6 bp −$16	6.1 bp −$614	doesn't fit
Sell Entropy live order book, 68 min ago	2.16 bp	14.6 bp −$15	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
RISEx DRAM/USDC	0.0000%	1h	61.770	−0.081%	$435K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.870	+0.081%	$26.1M	$13.7M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.880	+0.097%	$36K	$187K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.780	−0.065%	$727	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.780	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.820	0.000%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	61.772	−0.077%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.770	−0.081%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.760	−0.097%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.129%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAMshort	+0.0050%	1h	61.752	−0.110%	$172K	$461K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.739	−0.131%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.749	−0.115%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.670	−0.243%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.830	+0.016%	$5.4M	$4.6M	50x	as long as short
edgeX DRAMUSDC	+0.0063%	4h	61.879	+0.096%	$150K	$298K	20x	as long as short
Bybit DRAMUSDT	+0.0072%	8h	61.841	+0.034%	$9.6M	$9.9M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.750	−0.114%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.760	−0.097%	$3.0M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.800	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.760	−0.097%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.761	−0.095%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.720	−0.162%	$530K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0107%	8h	61.740	−0.129%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0131%	1h	61.766	−0.087%	$80.4M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0168%	8h	61.797	−0.037%	$199K	$35K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.815	−0.008%	$1.1M	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0204%	8h	61.884	+0.104%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDT	+0.0225%	8h	61.760	−0.097%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0255%	8h	61.829	+0.015%	$44.3M	$81.6M	50x	as long as short
Extended DRAM-USD	+0.0256%	1h	61.793	−0.043%	$75K	$239K	10x	as long as short
MEXC DRAM_USDTlong	+0.0259%	8h	61.820	long leg	$8.2M	$5.6M	100x
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.760	−0.097%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0401%	8h	61.840	+0.032%	$8.1M	$3.6M	75x	as long as short