Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h —

Price spread now: Entropy against Paradex−0.070%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Entropy is 0.070% cheaper against Paradex than usual: you would sell low and buy high (spread −0.070% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 36 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DRAM-USD-PERP	61.963	0.0181	pay 0.0181% / 8h	39m 12s	—	—	5x
Short	Entropy io:DRAM	61.920	0.0334	get 0.0042% / 1h	39m 12s	$260K	$502K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Paradex. 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 ParadexbpFee EntropybpOrdersPrice spread, now −0.070%Rate

Funding earned: $32.21
Price spread: −0.070% → 0.000%: −$6.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Entropy: 9 bp × 2 orders: −$18
Net: $3.23
Costs to cover: 0.220%
Break-even: 6.3 days

Slippage unknown: Paradex: no order-book sample; Entropy: live order book, 26 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 Paradex no order-book sample	—	—	—	—	—
Sell Entropy live order book, 26 min ago	3.00 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

Paradex: 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 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
Gate DRAM_USDT	0.0000%	8h	61.980	+0.027%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.960	−0.005%	$722	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.920	−0.070%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	−0.247%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0006%	4h	61.964	+0.001%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.984	+0.033%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	−0.070%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.938	−0.041%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.962	−0.002%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.920	−0.070%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.950	−0.021%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.969	+0.010%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.930	−0.054%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.860	−0.167%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	+0.027%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.971	+0.012%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0148%	8h	61.970	+0.011%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0149%	8h	61.960	−0.005%	$26.0M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERPlong	+0.0181%	8h	61.963	long leg	—	—	5x
Aster DRAMUSDT	+0.0187%	8h	61.977	+0.022%	$199K	$36K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.619%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.954	−0.015%	$977K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0204%	8h	61.980	+0.028%	$36K	$172K	10x	as long as short
Variational Omni DRAM	+0.0276%	8h	61.967	+0.006%	$2.4M	$947K	—	as long as short
Bybit DRAMUSDT	+0.0280%	8h	61.994	+0.050%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.966	+0.005%	$457K	$475K	20x	as long as short
Extended DRAM-USD	+0.0320%	1h	61.955	−0.014%	$77K	$766K	10x	as long as short
MEXC DRAM_USDT	+0.0320%	8h	61.960	−0.005%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0323%	8h	61.966	+0.004%	$43.9M	$82.6M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0325%	1h	61.958	−0.008%	$80.4M	$39.7M	20x	as long as short
Entropy io:DRAMshort	+0.0334%	1h	61.920	−0.070%	$260K	$502K	25x
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.950	−0.021%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0581%	8h	61.980	+0.027%	$253K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.940	−0.038%	$50K	$89K	10x	as long as short