Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0027%/8h= −2.9% APRpaid last 24h −0.035%

Price spread now: edgeX against tradeXYZ+0.062%106s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as 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−$440.437% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now +0.062%, 7d avg +0.034%

Together, before fees−0.123%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.028% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of +0.034%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.116% in total) that is about 41 hours. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	62.388	0.0050	pay 0.0006% / 1h	59m 44s	$82.2M	$37.6M	20x
Short	edgeX DRAMUSDC	62.427	0.0023	get 0.0012% / 4h	2h 59m	$151K	$297K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against tradeXYZ. 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 tradeXYZbpFee edgeXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$5.58
Price spread: +0.062% → +0.034%: $2.81
Slippage, 4 orders: −$16.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.51
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; edgeX: live order book, 8 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 tradeXYZ live order book, 10 min ago	0.08 bp	9.1 bp −$9	12.1 bp −$121	doesn't fit	doesn't fit
Sell edgeX live order book, 8 min ago	6.40 bp	14.6 bp −$15	23.8 bp −$238	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
SunX DRAM-USDT	0.0000%	8h	62.410	+0.035%	$823	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	+0.019%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.420	+0.051%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDCshort	+0.0023%	4h	62.427	+0.062%	$151K	$297K	20x
Aftermath Perps DRAMUSD	+0.0034%	1h	62.415	+0.044%	$1K	$34K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.390	+0.003%	—	—	10x	as long as short
tradeXYZ xyz:DRAMlong	+0.0050%	1h	62.388	long leg	$82.2M	$37.6M	20x
Polymarket Perps DRAM-USD	+0.0050%	1h	62.415	+0.043%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.407	+0.030%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.350	−0.061%	$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
Entropy io:DRAM	+0.0052%	1h	62.385	−0.005%	$254K	$449K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.383	−0.008%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.430	+0.067%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.099%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.440	+0.083%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.439	+0.082%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.413	+0.040%	$969K	$1.0M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.430	+0.067%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	+0.003%	$540K	$91K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.400	+0.019%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0232%	8h	62.409	+0.034%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0245%	8h	62.410	+0.035%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0444%	8h	62.450	+0.099%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0513%	8h	62.411	+0.036%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0581%	8h	62.420	+0.051%	$26.2M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0600%	8h	62.414	+0.042%	$2.4M	$751K	—	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.410	+0.035%	$51K	$81K	10x	as long as short
MEXC DRAM_USDT	+0.0638%	8h	62.420	+0.051%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0639%	8h	62.430	+0.067%	$45.0M	$82.1M	50x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.415	+0.043%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0816%	8h	62.420	+0.051%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.420	+0.051%	$456K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0990%	8h	62.480	+0.147%	$300K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1102%	8h	62.497	+0.175%	$37K	$152K	10x	as long as short