Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0514%/8h= +56.3% APRpaid last 24h +0.051%

Price spread now: Gate against Polymarket Perps+0.128%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.244%−$24 · spread now +0.128%, 7d avg +0.082%

Together, before fees−0.292%−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Gate is 0.046% dearer against Polymarket Perps than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.082%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% 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	62.360	0.0050	pay 0.0006% / 1h	5m 51s	$267K	$1.3M	10x
Short	Gate DRAM_USDT	62.440	0.0564	get 0.0564% / 8h	5h 05m	$8.2M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.128%Rate

Funding earned: $107.94
Price spread: +0.128% → +0.082%: $4.64
Slippage, 4 orders: −$20.62
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $68.96
Costs to cover: 0.436%
Break-even: 2.5 days

Slippage from Polymarket Perps: live order book, 3 min ago; Gate: live order book, 3 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	1.52 bp	7.9 bp −$8	8.0 bp −$80	10.4 bp −$1,039	doesn't fit
Sell Gate live order book, 3 min ago	1.60 bp	16.0 bp −$16	22.6 bp −$226	26.3 bp −$2,628	57.7 bp −$28.9K

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
RISEx DRAM/USDC	0.0000%	1h	62.391	+0.050%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	+0.048%	$778	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.390	+0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.420	+0.096%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	62.345	−0.024%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	0.000%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.340	−0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	62.360	long leg	$267K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	62.389	+0.047%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.330	−0.048%	$1.1M	$2.2M	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	+0.0055%	1h	62.380	+0.032%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0090%	1h	62.333	−0.043%	$246K	$413K	25x	as long as short
Lighter DRAM	+0.0096%	1h	62.384	+0.038%	$969K	$1.0M	20x	as long as short
Bitget DRAMUSDT	+0.0097%	8h	62.410	+0.080%	$26.3M	$13.2M	20x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	62.365	+0.008%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.334	−0.042%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	+0.032%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.330	−0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.390	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.399	+0.063%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	62.381	+0.033%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0126%	8h	62.387	+0.044%	$36K	$162K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0174%	8h	62.410	+0.080%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0177%	1h	62.389	+0.047%	$81.9M	$36.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.513%	$534K	$74K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.380	+0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0244%	8h	62.430	+0.112%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0362%	8h	62.412	+0.084%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0441%	8h	62.393	+0.053%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0480%	8h	62.415	+0.088%	$44.9M	$80.9M	50x	as long as short
Extended DRAM-USD	+0.0480%	1h	62.396	+0.058%	$76K	$637K	10x	as long as short
MEXC DRAM_USDT	+0.0480%	8h	62.400	+0.064%	$9.2M	$5.6M	100x	as long as short
Gate DRAM_USDTshort	+0.0564%	8h	62.440	+0.128%	$8.2M	$3.6M	75x
BloFin DRAM-USDT	+0.0695%	8h	62.380	+0.032%	$301K	$26K	20x	as long as short