Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.039%

Price spread now: BloFin against Polymarket Perps+0.060%45s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$310.314% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.060%, 7d avg +0.047%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate. The two prices were read 45 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 7 days it paid 0.014% in total (about 0.7% 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	Polymarket Perps DRAM-USD	61.953	0.0050	pay 0.0006% / 1h	40m 20s	$211K	$1.2M	10x
Short	BloFin DRAM-USDT	61.990	0.0566	get 0.0566% / 8h	40m 20s	$294K	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.060%Rate

Funding earned: $108.4
Price spread: +0.060% → +0.047%: $1.29
Slippage, 4 orders: −$11.38
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $78.32
Costs to cover: 0.314%
Break-even: 1.9 days

Slippage from Polymarket Perps: live order book, 3 min ago; BloFin: live order book, 31 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 Polymarket Perps live order book, 3 min ago	2.26 bp	6.3 bp −$6	6.3 bp −$63	7.9 bp −$795	doesn't fit
Sell BloFin live order book, 31 min ago	0.81 bp	9.5 bp −$10	14.9 bp −$149	38.3 bp −$3,825	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
Gate DRAM_USDT	0.0000%	8h	61.990	+0.060%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.970	+0.027%	$686	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.920	−0.053%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.820	−0.215%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.982	+0.047%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	−0.053%	—	$797	10x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	61.953	long leg	$211K	$1.2M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.968	+0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.920	−0.053%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	61.972	+0.030%	$153K	$291K	20x	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	61.970	+0.027%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.975	+0.036%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.930	−0.037%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.900	−0.086%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	+0.027%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.971	+0.029%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0145%	8h	61.990	+0.060%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0147%	8h	61.970	+0.027%	$26.0M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0177%	8h	61.970	+0.028%	—	—	5x	as long as short
Aster DRAMUSDT	+0.0182%	8h	61.985	+0.052%	$199K	$36K	20x	as long as short
Lighter DRAM	+0.0184%	1h	61.957	+0.006%	$977K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.602%	$510K	$43K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0196%	8h	61.973	+0.032%	$36K	$172K	10x	as long as short
Variational Omni DRAM	+0.0276%	8h	61.967	+0.023%	$2.4M	$947K	—	as long as short
Bybit DRAMUSDT	+0.0279%	8h	62.000	+0.076%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	+0.044%	$457K	$475K	20x	as long as short
MEXC DRAM_USDT	+0.0313%	8h	61.970	+0.027%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0320%	1h	61.959	+0.010%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0320%	8h	61.970	+0.027%	$43.9M	$82.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0321%	1h	61.968	+0.024%	$80.4M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0328%	1h	61.919	−0.055%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.950	−0.005%	$13K	$9K	20x	as long as short
BloFin DRAM-USDTshort	+0.0566%	8h	61.990	+0.060%	$294K	$27K	20x
Arcus DRAM-USD	+0.0680%	1h	61.950	−0.005%	$50K	$89K	10x	as long as short