Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against Aster−0.086%109s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as 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−$1041.038% of the position

Long on Aster Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.086%, 7d avg +0.016%

Together, before fees+0.235%+ Points / potential airdropAster: Stage 5 · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and ApeX Omni is 0.102% cheaper against Aster than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.016%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	61.593	0.0112	pay 0.0112% / 8h	2h 25m	$201K	$33K	20x
Short	ApeX Omni DRAMUSDT	61.540	0.0100	get 0.0013% / 1h	25m 47s	$22K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Aster. 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 AsterbpFee ApeX OmnibpOrdersPrice spread, now −0.086%Rate

Funding earned: −$2.48
Price spread: −0.086% → +0.016%: −$10.19
Slippage, 4 orders: −$85.75
Fee Aster: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$116.42
Costs to cover: 1.038%
Break-even: never at this rate

Slippage from Aster: live order book, 60 min ago; ApeX Omni: live order book, 60 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 Aster live order book, 60 min ago	2.44 bp	11.2 bp −$11	30.0 bp −$300	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	28.43 bp	43.1 bp −$43	216.5 bp −$2,165	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
Gate DRAM_USDT	0.0000%	8h	61.630	+0.060%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.630	+0.060%	$674	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.610	+0.027%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.640	+0.076%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0036%	4h	61.628	+0.056%	$152K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.601	+0.013%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.580	−0.021%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.601	+0.013%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.635	+0.068%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.054%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0068%	8h	61.630	+0.060%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.630	+0.060%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.632	+0.063%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	−0.021%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.540	−0.086%	$22K	$182K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	+0.060%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.643	+0.081%	$4K	—	10x	as long as short
Aster DRAMUSDTlong	+0.0112%	8h	61.593	long leg	$201K	$33K	20x
Bitget DRAMUSDT	+0.0112%	8h	61.630	+0.060%	$25.9M	$12.6M	20x	as long as short
Entropy io:DRAM	+0.0157%	1h	61.613	+0.032%	$249K	$503K	25x	as long as short
Paradex DRAM-USD-PERP	+0.0167%	8h	61.617	+0.038%	—	—	5x	as long as short
Variational Omni DRAM	+0.0170%	8h	61.632	+0.063%	$2.4M	$998K	—	as long as short
Bybit DRAMUSDT	+0.0170%	8h	61.660	+0.108%	$9.1M	$10.2M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0171%	1h	61.612	+0.031%	$79.0M	$39.7M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0177%	8h	61.621	+0.045%	$36K	$190K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.135%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.638	+0.073%	$991K	$1.2M	20x	as long as short
MEXC DRAM_USDT	+0.0241%	8h	61.630	+0.060%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0246%	8h	61.640	+0.076%	$43.7M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.628	+0.056%	$102K	$741K	10x	as long as short
BloFin DRAM-USDT	+0.0263%	8h	61.640	+0.076%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.632	+0.063%	$475K	$439K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0562%	1h	61.630	+0.060%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.610	+0.027%	$50K	$95K	10x	as long as short