Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.006%

Price spread now: Entropy against Orderly−0.036%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Entropy is 0.036% cheaper against Orderly than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.100	0.0100	pay 0.0100% / 8h	4h 44m	$8K	—	10x
Short	Entropy io:DRAM	61.078	0.0050	get 0.0006% / 1h	44m 59s	$301K	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Orderly. 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 OrderlybpFee EntropybpOrdersPrice spread, now −0.036%Rate

Funding earned: −$10.5
Price spread: −0.036% → 0.000%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$38.1
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Entropy: 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 Orderly no order-book sample	—	—	—	—	—
Sell Entropy live order book, 5 min ago	1.23 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.129	+0.047%	$9.5M	$11.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.090	−0.017%	$459K	$368K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.140	+0.065%	$26.8M	$17.1M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.110	+0.016%	$547	$2.3M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.070	−0.049%	$12K	$4K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.050	−0.082%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.120	+0.033%	$1.7M	$1.3M	10x	as long as short
Gate DRAM_USDT	+0.0022%	8h	61.130	+0.049%	$7.9M	$3.5M	75x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	61.100	+0.001%	$1K	$26K	5x	as long as short
QFEX DRAM-USD	+0.0032%	1h	61.010	−0.147%	$997K	$98K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DRAM	+0.0032%	1h	61.095	−0.008%	$1.1M	$1.4M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.040	−0.098%	$59K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.030	−0.115%	—	—	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	61.078	−0.036%	$301K	$1.7M	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.067	−0.054%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.098	−0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.050	−0.082%	$1.1M	$3.7M	10x	as long as short
edgeX DRAMUSDC	+0.0094%	4h	61.073	−0.044%	$148K	$300K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0098%	8h	61.078	−0.036%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.096	−0.007%	$74K	$31K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.090	−0.016%	$3.0M	$410K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	−0.049%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.100	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.109	+0.015%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0114%	1h	61.085	−0.025%	$79.4M	$38.9M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0162%	8h	61.130	+0.049%	$5.4M	$6.6M	50x	as long as short
Aster DRAMUSDT	+0.0162%	8h	61.124	+0.040%	$195K	$28K	20x	as long as short
Variational Omni DRAM	+0.0199%	8h	61.079	−0.034%	$2.1M	$686K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0216%	1h	61.140	+0.065%	$536K	$91K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0235%	8h	61.178	+0.127%	$36K	$229K	10x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.109	+0.015%	$99K	$737K	10x	as long as short
Binance DRAMUSDT	+0.0251%	8h	61.120	+0.033%	$44.1M	$99.3M	50x	as long as short
MEXC DRAM_USDT	+0.0252%	8h	61.130	+0.049%	$9.7M	$5.7M	100x	as long as short
BloFin DRAM-USDT	+0.0654%	8h	61.130	+0.049%	$308K	$27K	20x	as long as short