Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h −0.041%

Price spread now: ApeX Omni against Binance+0.193%79s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as 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−$950.945% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.395%−$40 · spread now +0.193%, 7d avg +0.021%

Together, before fees−0.370%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.172% dearer against Binance than usual: you sell high and buy low (spread +0.193% now, against its 7-day average of +0.021%): +$17 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% 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	Binance DRAMUSDT	62.110	0.0311	pay 0.0311% / 8h	3h 50m	$44.6M	$80.4M	50x
Short	ApeX Omni DRAMUSDT	62.230	0.0100	get 0.0013% / 1h	50m 08s	$22K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.193%Rate

Funding earned: −$44.36
Price spread: +0.193% → +0.021%: $17.17
Slippage, 4 orders: −$74.54
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$121.73
Costs to cover: 0.945%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; ApeX Omni: 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 Binance live order book, 7 min ago	0.80 bp	5.8 bp −$6	8.3 bp −$83	31.4 bp −$3,145	doesn't fit
Sell ApeX Omni live order book, 1 min ago	22.53 bp	47.7 bp −$48	208.6 bp −$2,086	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
RISEx DRAM/USDC	0.0000%	1h	62.109	−0.002%	$438K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.140	+0.048%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.199	+0.143%	$37K	$179K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.120	+0.016%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	+0.112%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.130	+0.032%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.155	+0.072%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.100	−0.017%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.140	+0.048%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.090	−0.033%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.088	−0.036%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.125	+0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.050	−0.097%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0052%	1h	62.131	+0.033%	$159K	$451K	25x	as long as short
OKX DRAM-USDT-SWAP	+0.0072%	8h	62.130	+0.032%	$5.4M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.100	−0.017%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.100	−0.017%	—	—	5x	as long as short
Lighter DRAM	+0.0080%	1h	62.119	+0.014%	$1.0M	$1.2M	20x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.186	+0.121%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.117	+0.011%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.090	−0.033%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.230	+0.193%	$22K	$184K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.120	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.120	+0.015%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	−0.001%	$533K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0109%	8h	62.152	+0.067%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0129%	1h	62.092	−0.030%	$81.3M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0196%	8h	62.123	+0.020%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0261%	8h	62.144	+0.054%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0296%	8h	62.190	+0.128%	$301K	$26K	20x	as long as short
Binance DRAMUSDTlong	+0.0311%	8h	62.110	long leg	$44.6M	$80.4M	50x
Extended DRAM-USD	+0.0312%	1h	62.090	−0.033%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0313%	8h	62.110	−0.001%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0584%	8h	62.160	+0.080%	$8.1M	$3.5M	75x	as long as short