Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0403%/8h= −44.2% APRpaid last 24h −0.023%

Price spread now: Ondo Perps against Binance−0.145%7-day average −0.106% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 2 days (all we have)+0.034%+$3 · spread now −0.145%, 7d avg −0.106%

Together, before fees−0.029%+ Points / potential airdropOndo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Ondo Perps is 0.038% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.106%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.3% 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	62.170	0.0454	pay 0.0454% / 8h	7h 56m	$44.2M	$82.6M	50x
Short	Ondo Perps DRAM-USD.P	62.080	0.0050	get 0.0006% / 1h	56m 37s	$1.2M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$84.72
Price spread: −0.145% → −0.106%: −$3.85
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$103.56
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 1 min ago	0.81 bp	6.4 bp −$6	9.3 bp −$93	35.2 bp −$3,521	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	62.170	0.000%	$8.3M	$3.3M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.110	−0.097%	$781	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	−0.257%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.110	−0.097%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	62.020	−0.242%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.990	−0.290%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.041	−0.207%	$265K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.070	−0.161%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	62.080	−0.145%	$1.2M	$1.8M	10x
edgeX DRAMUSDC	+0.0058%	4h	62.000	−0.274%	$150K	$294K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.083	−0.140%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.100	−0.113%	$3.0M	$462K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.060	−0.177%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.070	−0.161%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.087	−0.134%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.150	−0.032%	$1.0M	$79K	10x	as long as short
Lighter DRAM	+0.0176%	1h	62.163	−0.011%	$972K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.402%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0191%	8h	62.140	−0.048%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0201%	8h	62.130	−0.064%	$26.3M	$12.8M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0217%	8h	62.158	−0.020%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0311%	8h	62.072	−0.157%	$37K	$170K	10x	as long as short
Aster DRAMUSDT	+0.0318%	8h	62.109	−0.099%	$200K	$36K	20x	as long as short
Entropy io:DRAM	+0.0327%	1h	62.057	−0.182%	$254K	$495K	25x	as long as short
tradeXYZ xyz:DRAM	+0.0341%	1h	62.066	−0.167%	$81.3M	$41.2M	20x	as long as short
Variational Omni DRAM	+0.0411%	8h	62.047	−0.198%	$2.4M	$948K	—	as long as short
MEXC DRAM_USDT	+0.0452%	8h	62.150	−0.032%	$10.5M	$6.6M	100x	as long as short
Binance DRAMUSDTlong	+0.0454%	8h	62.170	long leg	$44.2M	$82.6M	50x
Extended DRAM-USD	+0.0456%	1h	62.128	−0.067%	$75K	$767K	10x	as long as short
Bybit DRAMUSDT	+0.0483%	8h	62.200	+0.048%	$9.5M	$10.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0556%	1h	62.100	−0.113%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.030	−0.225%	$50K	$86K	10x	as long as short
BloFin DRAM-USDT	+0.0745%	8h	62.090	−0.129%	$295K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.160	−0.016%	$455K	$477K	20x	as long as short