Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0368%/8h= −40.3% APRpaid last 24h −0.022%

Price spread now: tradeXYZ against MEXC−0.040%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on MEXC Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.040%, 7d avg −0.065%

Together, before fees+0.035%+ Points / potential airdroptradeXYZ: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.025% dearer against MEXC than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.065%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.041% in total (about 2.1% 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	62.160	0.0580	pay 0.0580% / 8h	6h 14m	$9.6M	$5.9M	100x
Short	tradeXYZ xyz:DRAM	62.135	0.0212	get 0.0026% / 1h	14m 10s	$81.8M	$36.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$77.29
Price spread: −0.040% → −0.065%: $2.52
Slippage, 4 orders: −$3.56
Fee MEXC: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$96.34
Costs to cover: 0.216%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; tradeXYZ: live order book, 5 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, 4 min ago	0.80 bp	1.1 bp −$1	2.3 bp −$23	6.8 bp −$680	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.40 bp	9.8 bp −$10	10.9 bp −$109	doesn't fit	doesn't fit

DRAM on 33 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	62.160	0.000%	$531	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.130	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.170	+0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0033%	1h	62.137	−0.037%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.150	−0.016%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.110	−0.080%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.150	−0.016%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.139	−0.034%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.165	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.120	−0.064%	$1.1M	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0055%	1h	62.130	−0.048%	$252K	$430K	25x	as long as short
edgeX DRAMUSDC	+0.0079%	4h	62.126	−0.054%	$150K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.130	−0.048%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.150	−0.016%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.170	+0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.180	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.185	+0.041%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.157	−0.005%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.048%	$534K	$81K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0162%	8h	62.154	−0.009%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0208%	8h	62.170	+0.016%	$26.0M	$13.0M	20x	as long as short
tradeXYZ xyz:DRAMshort	+0.0212%	1h	62.135	−0.040%	$81.8M	$36.8M	20x
OKX DRAM-USDT-SWAP	+0.0220%	8h	62.180	+0.032%	$5.5M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.140	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0285%	8h	62.190	+0.048%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0345%	8h	62.153	−0.011%	$36K	$153K	10x	as long as short
Aster DRAMUSDT	+0.0453%	8h	62.190	+0.048%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0516%	8h	62.200	+0.064%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0540%	8h	62.173	+0.022%	$2.4M	$709K	—	as long as short
Extended DRAM-USD	+0.0576%	1h	62.154	−0.009%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0580%	8h	62.167	+0.012%	$44.6M	$82.0M	50x	as long as short
MEXC DRAM_USDTlong	+0.0580%	8h	62.160	long leg	$9.6M	$5.9M	100x
RISEx DRAM/USDC	+0.0835%	1h	62.161	+0.001%	$447K	$504K	20x	as long as short