Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.020%

Price spread now: Bybit against ApeX Omni+0.075%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$930.930% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.075%, 7d avg +0.004%

Together, before fees−0.204%−$20 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 Bybit is 0.072% dearer against ApeX Omni than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DRAMUSDT	62.370	0.0100	pay 0.0013% / 1h	46m 59s	$22K	$186K	50x
Short	Bybit DRAMUSDT	62.417	0.0213	get 0.0213% / 8h	4h 46m	$9.7M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.075%Rate

Funding earned: $23.69
Price spread: +0.075% → +0.004%: $7.16
Slippage, 4 orders: −$72.02
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.18
Costs to cover: 0.930%
Break-even: 25.4 days

Slippage from ApeX Omni: live order book, 9 min ago; Bybit: live order book, 1 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, 9 min ago	26.42 bp	39.3 bp −$39	196.4 bp −$1,964	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.80 bp	7.3 bp −$7	10.6 bp −$106	119.6 bp −$12.0K	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
RISEx DRAM/USDC	0.0000%	1h	62.392	+0.035%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	+0.032%	$1K	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.340	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.380	+0.016%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0011%	4h	62.357	−0.021%	$151K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0026%	1h	62.351	−0.031%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.373	+0.005%	$969K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.016%	$51K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.360	−0.016%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.362	−0.013%	$267K	$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
SoDEX DRAM-USD	+0.0050%	1h	62.372	+0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.300	−0.112%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.380	+0.016%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.380	+0.016%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0099%	8h	62.398	+0.045%	$37K	$165K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.351	−0.030%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	+0.016%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	62.370	long leg	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	+0.064%	$9K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0100%	1h	62.357	−0.021%	$81.8M	$35.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0103%	8h	62.377	+0.011%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.403	+0.054%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	62.390	+0.032%	$26.3M	$13.2M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0151%	8h	62.400	+0.048%	$5.5M	$4.4M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.064%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0182%	1h	62.364	−0.010%	$238K	$417K	25x	as long as short
Bybit DRAMUSDTshort	+0.0213%	8h	62.417	+0.075%	$9.7M	$9.9M	100x
Aster DRAMUSDT	+0.0329%	8h	62.398	+0.044%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0419%	8h	62.374	+0.007%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0447%	8h	62.390	+0.032%	$44.9M	$80.5M	50x	as long as short
Extended DRAM-USD	+0.0448%	1h	62.383	+0.021%	$75K	$636K	10x	as long as short
MEXC DRAM_USDT	+0.0450%	8h	62.380	+0.016%	$9.2M	$5.4M	100x	as long as short
Gate DRAM_USDT	+0.0607%	8h	62.420	+0.080%	$8.2M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0607%	8h	62.420	+0.080%	$303K	$26K	20x	as long as short