Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0949%/8h= +103.9% APRpaid last 24h +0.001%

Price spread now: GRVT against ApeX Omni+0.125%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1001.002% of the position

Long on ApeX Omni Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.125%, 7d avg −0.011%

Together, before fees−0.287%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and GRVT is 0.137% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.139%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.139% in total (about -7.3% 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	62.370	0.0100	pay 0.0013% / 1h	5m 52s	$22K	$185K	50x
Short	GRVT DRAM_USDT_Perp	62.448	0.1049	get 0.1049% / 8h	7h 05m	$37K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.125%Rate

Funding earned: $199.29
Price spread: +0.125% → −0.011%: $13.67
Slippage, 4 orders: −$81.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $112.77
Costs to cover: 1.002%
Break-even: 3.0 days

Slippage from ApeX Omni: live order book, just now; GRVT: live order book, 62 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, just now	30.40 bp	43.4 bp −$43	218.7 bp −$2,187	doesn't fit	doesn't fit
Sell GRVT live order book, 62 min ago	1.61 bp	6.1 bp −$6	13.5 bp −$135	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	62.460	+0.144%	$781	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.450	+0.128%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.490	+0.192%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.442	+0.115%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.430	+0.096%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.440	+0.112%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.478	+0.173%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	+0.048%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0084%	4h	62.441	+0.113%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.405	+0.056%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.450	+0.128%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	62.370	long leg	$22K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.490	+0.192%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.490	+0.193%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.465	+0.152%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.440	+0.112%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	+0.032%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	62.455	+0.136%	$82.3M	$37.6M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.440	+0.112%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0237%	8h	62.456	+0.138%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0246%	8h	62.490	+0.192%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0466%	8h	62.525	+0.249%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0492%	8h	62.367	−0.006%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0516%	1h	62.372	+0.003%	$255K	$448K	25x	as long as short
Variational Omni DRAM	+0.0585%	8h	62.483	+0.182%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0596%	8h	62.490	+0.192%	$26.2M	$12.9M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.450	+0.128%	$51K	$82K	10x	as long as short
MEXC DRAM_USDT	+0.0615%	8h	62.470	+0.160%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0620%	8h	62.479	+0.174%	$45.0M	$81.9M	50x	as long as short
Extended DRAM-USD	+0.0624%	1h	62.459	+0.143%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0821%	8h	62.490	+0.192%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0962%	8h	62.510	+0.224%	$299K	$26K	20x	as long as short
GRVT DRAM_USDT_Perpshort	+0.1049%	8h	62.448	+0.125%	$37K	$153K	10x
RISEx DRAM/USDC	+0.1096%	1h	62.444	+0.119%	$456K	$499K	20x	as long as short