Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0866%/8h= −94.8% APRpaid last 24h −0.010%

Price spread now: Bitget against ApeX Omni−0.197%113s7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as 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−$960.959% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.113%+$11 · spread now −0.197%, 7d avg −0.004%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Bitget is 0.194% cheaper against ApeX Omni than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.004%). Swap the legs. The two prices were read 113 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 -0.096% in total (about -5.0% 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	ApeX Omni DRAMUSDT	60.890	0.0100	pay 0.0013% / 1h	59m 41s	$21K	$183K	50x
Short	Bitget DRAMUSDT	60.770	−0.0766	pay 0.0766% / 8h	7h 59m	$26.5M	$15.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now −0.197%Rate

Funding earned: −$181.86
Price spread: −0.197% → −0.004%: −$19.35
Slippage, 4 orders: −$73.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$297.08
Costs to cover: 0.959%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; Bitget: live order book, 4 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 ApeX Omni live order book, 36 min ago	27.89 bp	40.7 bp −$41	213.0 bp −$2,130	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.82 bp	8.1 bp −$8	14.8 bp −$148	44.8 bp −$4,480	95.4 bp −$47.7K

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 DRAMUSDTshort	−0.0766%	8h	60.770	−0.197%	$26.5M	$15.1M	20x
Aster DRAMUSDT	0.0000%	8h	60.881	−0.015%	$195K	$39K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.914	+0.039%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.824	−0.109%	$421K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.830	−0.099%	$7.9M	$3.6M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.847	−0.071%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.884	−0.010%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.830	−0.099%	$878	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.800	−0.148%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.830	−0.099%	$1.7M	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DRAM-USD	+0.0008%	1h	60.823	−0.110%	$74K	$198K	10x	as long as short
MEXC DRAM_USDT	+0.0010%	8h	60.850	−0.066%	$8.4M	$5.4M	100x	as long as short
Binance DRAMUSDT	+0.0012%	8h	60.835	−0.091%	$43.8M	$89.1M	50x	as long as short
OKX DRAM-USDT-SWAP	+0.0015%	8h	60.910	+0.033%	$5.4M	$6.0M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.819	−0.116%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.800	−0.148%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.990	+0.164%	$994K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.800	−0.148%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.797	−0.153%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.824	−0.108%	$2K	$15K	20x	as long as short
BloFin DRAM-USDT	+0.0050%	8h	60.880	−0.016%	$298K	$26K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.800	−0.148%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0067%	4h	60.866	−0.039%	$148K	$299K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	60.840	−0.082%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.858	−0.052%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.870	−0.033%	$3.0M	$419K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	60.890	long leg	$21K	$183K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.820	−0.115%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.808	−0.135%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.082%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0190%	1h	60.829	−0.100%	$78.8M	$35.8M	20x	as long as short
Lighter DRAM	+0.0344%	1h	60.826	−0.105%	$1.1M	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0522%	1h	60.803	−0.143%	$179K	$480K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0573%	1h	60.800	−0.148%	$13K	$3K	20x	as long as short