Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: Entropy against Polymarket Perps−0.043%7-day average +0.030% · 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−$70as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Polymarket Perps Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.090%+$9 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.043%, 7d avg +0.030%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Entropy is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DRAM-USD	61.141	0.0050	pay 0.0006% / 1h	29m 08s	$254K	$1.4M	10x
Short	Entropy io:DRAM	61.115	0.0050	get 0.0006% / 1h	29m 08s	$169K	$470K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.030%: −$7.28
Slippage, 4 orders: −$37.09
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$70.36
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Entropy: live order book, 36 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, 4 min ago	1.96 bp	6.9 bp −$7	7.0 bp −$70	8.8 bp −$876	doesn't fit
Sell Entropy live order book, 36 min ago	2.44 bp	26.3 bp −$26	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
Bitget DRAMUSDT	−0.0580%	8h	61.190	+0.080%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.181	+0.066%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.189	+0.079%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.160	+0.030%	$424K	$358K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.220	+0.129%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.160	+0.032%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.170	+0.047%	$796	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.060	−0.132%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.170	+0.047%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0012%	8h	61.180	+0.064%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0029%	1h	61.130	−0.017%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.170	+0.047%	$996K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.110	−0.051%	$48K	$68K	10x	as long as short
Variational Omni DRAM	+0.0042%	8h	61.134	−0.011%	$2.3M	$682K	—	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.150	+0.015%	—	—	10x	as long as short
edgeX DRAMUSDC	+0.0047%	4h	61.122	−0.031%	$148K	$299K	20x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	61.115	−0.043%	$169K	$470K	25x
Polymarket Perps DRAM-USDlong	+0.0050%	1h	61.141	long leg	$254K	$1.4M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.170	+0.047%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.080	−0.100%	$1.0M	$3.5M	10x	as long as short
BloFin DRAM-USDT	+0.0052%	8h	61.180	+0.064%	$300K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0083%	1h	61.154	+0.021%	$79.2M	$35.9M	20x	as long as short
Extended DRAM-USD	+0.0088%	1h	61.153	+0.019%	$74K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0091%	8h	61.162	+0.035%	—	—	5x	as long as short
Binance DRAMUSDT	+0.0092%	8h	61.170	+0.047%	$43.7M	$87.7M	50x	as long as short
MEXC DRAM_USDT	+0.0093%	8h	61.160	+0.031%	$8.0M	$5.6M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.193	+0.086%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.140	−0.002%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.130	−0.018%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.150	+0.015%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.154	+0.021%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.051%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0192%	1h	61.173	+0.052%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.150	+0.015%	$13K	$3K	20x	as long as short