Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRnext payment +$0.13 per $10,000 · paid last 24h −0.021%
Price spread now: Coinbase International against RISEx−0.071%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$300.304% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.013%+$1 on $10k
Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.071%, 7d avg −0.164%
Together, before fees+0.027%+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.093% dearer against RISEx than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.164%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx DRAM/USDC61.7640get 0.0000% / 1h13m 53s$435K$500K20x
ShortCoinbase International DRAM-PERP-INTX61.7200.0104get 0.0013% / 1h13m 53s$530K$74K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against RISEx. 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

Funding earned
$21.84
Price spread: −0.071% → −0.164%
$9.29
Slippage, 4 orders
−$14.43
Fee RISEx: 3 bp × 2 orders
−$6
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$0.7
Costs to cover
0.304%
Break-even
6.8 days
Slippage from RISEx: live order book, 40 min ago; Coinbase International: live order book, 39 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 40 min ago0.64 bp3.6 bp −$44.9 bp −$49doesn't fitdoesn't fit
Sell Coinbase International live order book, 39 min ago4.82 bp12.2 bp −$1215.4 bp −$154doesn't fitdoesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx DRAM/USDClong0.0000%1h61.764long leg$435K$500K20x
Bitget DRAMUSDT0.0000%8h61.790+0.042%$26.0M$13.7M20xas long as short
GRVT DRAM_USDT_Perp0.0000%8h61.779+0.025%$36K$188K10xas long as short
SunX DRAM-USDT0.0000%8h61.770+0.010%$823$2.6M10xas long as short
HTX DRAM-USDT0.0000%8h61.800+0.058%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.780+0.026%$1.7M$1.3M10xas long as short
Aftermath Perps DRAMUSD+0.0024%1h61.760−0.007%$1K$32K5xas long as short
QFEX DRAM-USD+0.0036%1h61.760−0.006%$1.0M$84K10xas long as short
Arcus DRAM-USD+0.0040%1h61.770+0.010%$48K$77K10xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.730−0.055%10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Entropy io:DRAM+0.0050%1h61.746−0.029%$172K$461K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.740−0.039%$259K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.765+0.002%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.720−0.071%$1.1M$2.4M10xas long as short
OKX DRAM-USDT-SWAP+0.0056%8h61.790+0.042%$5.4M$4.6M50xas long as short
Bybit DRAMUSDT+0.0071%8h61.780+0.026%$9.6M$9.9M100xas long as short
edgeX DRAMUSDC+0.0083%4h61.763−0.002%$150K$299K20xas long as short
Pacifica DRAM+0.0100%1h61.745−0.031%$74K$47K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.740−0.039%$3.0M$398K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h61.760−0.006%$22K$184K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.780+0.026%$8K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.767+0.005%$4K10xas long as short
Coinbase International DRAM-PERP-INTXshort+0.0104%1h61.720−0.071%$530K$74K20x
Paradex DRAM-USD-PERP+0.0109%8h61.760−0.007%5xas long as short
tradeXYZ xyz:DRAM+0.0131%1h61.739−0.040%$80.3M$35.6M20xas long as short
Aster DRAMUSDT+0.0140%8h61.763−0.002%$199K$35K20xas long as short
Variational Omni DRAM+0.0197%8h61.824+0.097%$2.4M$739Kas long as short
Lighter DRAM+0.0208%1h61.774+0.016%$1.1M$1.2M20xas long as short
BloFin DRAM-USDT+0.0226%8h61.830+0.107%$300K$26K20xas long as short
Binance DRAMUSDT+0.0255%8h61.773+0.015%$44.2M$81.7M50xas long as short
MEXC DRAM_USDT+0.0255%8h61.760−0.006%$9.0M$5.7M100xas long as short
Extended DRAM-USD+0.0256%1h61.747−0.028%$75K$239K10xas long as short
Gate DRAM_USDT+0.0389%8h61.800+0.058%$8.1M$3.6M75xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0398%1h61.750−0.023%$13K$3K20xas long as short