Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.027%

Price spread now: MEXC against ApeX Omni+0.145%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$910.914% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 3 days (all we have)−0.193%−$19 · spread now +0.145%, 7d avg −0.018%

Together, before fees−0.217%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.163% dearer against ApeX Omni than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.018%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.024% in total (about -1.3% 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	61.870	0.0100	pay 0.0013% / 1h	21m 30s	$22K	$186K	50x
Short	MEXC DRAM_USDT	61.960	0.0385	get 0.0385% / 8h	21m 30s	$11.2M	$6.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.145%Rate

Funding earned: $59.85
Price spread: +0.145% → −0.018%: $16.33
Slippage, 4 orders: −$81.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.25
Costs to cover: 0.914%
Break-even: 8.8 days

Slippage from ApeX Omni: live order book, 54 min ago; MEXC: live order book, 2 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, 54 min ago	30.75 bp	45.7 bp −$46	208.8 bp −$2,088	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.81 bp	0.8 bp −$1	0.9 bp −$9	6.7 bp −$670	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
Gate DRAM_USDT	0.0000%	8h	61.980	+0.178%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.960	+0.145%	$1K	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	+0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	−0.097%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.949	+0.128%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	+0.121%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	−0.016%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.952	+0.133%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.950	+0.129%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	+0.048%	$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
QFEX DRAM-USD	+0.0079%	1h	61.920	+0.081%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.984	+0.185%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	+0.113%	$3.0M	$473K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	61.870	long leg	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.950	+0.129%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.968	+0.158%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0162%	8h	61.980	+0.178%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0168%	8h	61.980	+0.178%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.469%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0194%	8h	61.970	+0.162%	—	—	5x	as long as short
Lighter DRAM	+0.0216%	1h	61.965	+0.154%	$977K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0252%	8h	61.977	+0.172%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	+0.149%	$36K	$171K	10x	as long as short
Bybit DRAMUSDT	+0.0286%	8h	62.014	+0.233%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	+0.178%	$456K	$476K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0302%	1h	61.948	+0.126%	$80.5M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0321%	1h	61.913	+0.070%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0337%	8h	61.958	+0.142%	$2.4M	$955K	—	as long as short
Extended DRAM-USD	+0.0384%	1h	61.959	+0.143%	$77K	$767K	10x	as long as short
MEXC DRAM_USDTshort	+0.0385%	8h	61.960	+0.145%	$11.2M	$6.5M	100x
Binance DRAMUSDT	+0.0391%	8h	61.980	+0.178%	$43.7M	$82.3M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0557%	1h	61.970	+0.162%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0641%	8h	61.980	+0.178%	$253K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.960	+0.145%	$50K	$90K	10x	as long as short