Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.009%

Price spread now: OKX against ApeX Omni+0.033%7-day average −0.014% · 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−$90as in the Price arb table

costs, in and out, $10k−$950.948% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.033%, 7d avg −0.014%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and OKX is 0.047% dearer against ApeX Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.081%, 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	60.960	0.0100	pay 0.0013% / 1h	17m 13s	$21K	$185K	50x
Short	OKX DRAM-USDT-SWAP	60.980	0.0134	get 0.0134% / 8h	6h 17m	$5.5M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $7.15
Price spread: +0.033% → −0.014%: $4.72
Slippage, 4 orders: −$74.8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.94
Costs to cover: 0.948%
Break-even: 88.2 days

Slippage from ApeX Omni: live order book, 32 min ago; OKX: 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, 32 min ago	27.92 bp	40.0 bp −$40	208.2 bp −$2,082	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.82 bp	7.5 bp −$7	16.9 bp −$169	doesn't fit	doesn't fit

DRAM on 34 exchanges

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 DRAMUSDT	−0.0043%	8h	60.960	0.000%	$26.7M	$15.9M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.940	−0.033%	$558	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.900	−0.098%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.950	−0.016%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0006%	8h	60.959	−0.002%	$9.5M	$10.9M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	60.925	−0.057%	$1K	$28K	5x	as long as short
edgeX DRAMUSDC	+0.0038%	4h	60.911	−0.081%	$148K	$300K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.910	−0.082%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0048%	1h	60.930	−0.049%	$993K	$97K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.946	−0.023%	$441K	$1.6M	25x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	60.912	−0.079%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.944	−0.026%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.920	−0.066%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.910	−0.082%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0096%	1h	60.920	−0.066%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.989	+0.047%	$73K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.890	−0.115%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	60.960	long leg	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.940	−0.033%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0102%	8h	60.991	+0.051%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.937	−0.037%	$4K	—	10x	as long as short
RISEx DRAM/USDC	+0.0107%	1h	60.951	−0.014%	$461K	$369K	20x	as long as short
Gate DRAM_USDT	+0.0131%	8h	60.970	+0.016%	$7.9M	$3.7M	75x	as long as short
Aster DRAMUSDT	+0.0133%	8h	60.886	−0.122%	$194K	$28K	20x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0134%	8h	60.980	+0.033%	$5.5M	$6.5M	50x
tradeXYZ xyz:DRAM	+0.0156%	1h	60.918	−0.069%	$79.1M	$37.1M	20x	as long as short
Variational Omni DRAM	+0.0167%	8h	60.923	−0.061%	$2.2M	$666K	—	as long as short
MEXC DRAM_USDT	+0.0223%	8h	60.940	−0.033%	$8.8M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0224%	1h	60.931	−0.047%	$99K	$298K	10x	as long as short
Binance DRAMUSDT	+0.0227%	8h	60.952	−0.014%	$44.3M	$94.5M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0280%	1h	60.850	−0.180%	$533K	$87K	20x	as long as short
BloFin DRAM-USDT	+0.0535%	8h	60.950	−0.016%	$305K	$26K	20x	as long as short
Arcus DRAM-USD	+0.0540%	1h	60.900	−0.098%	$60K	$76K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0704%	8h	60.930	−0.049%	$36K	$216K	10x	as long as short