Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0851%/8h= −93.2% APRpaid last 24h −0.068%

Price spread now: ApeX Omni against BloFin−0.224%223s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as 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−$1031.034% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.224%, 7d avg +0.009%

Together, before fees+0.285%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and ApeX Omni is 0.233% cheaper against BloFin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 223 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 0.027% in total (about 1.4% 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	BloFin DRAM-USDT	62.380	0.0951	pay 0.0951% / 8h	6h 44m	$301K	$26K	20x
Short	ApeX Omni DRAMUSDT	62.240	0.0100	get 0.0013% / 1h	44m 50s	$22K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now −0.224%Rate

Funding earned: −$178.75
Price spread: −0.224% → +0.009%: −$23.31
Slippage, 4 orders: −$81.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$305.43
Costs to cover: 1.034%
Break-even: never at this rate

Slippage from BloFin: live order book, 17 min ago; ApeX Omni: live order book, 21 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 BloFin live order book, 17 min ago	1.60 bp	10.8 bp −$11	15.2 bp −$152	48.0 bp −$4,796	doesn't fit
Sell ApeX Omni live order book, 21 min ago	30.40 bp	41.3 bp −$41	215.8 bp −$2,158	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
SunX DRAM-USDT	0.0000%	8h	62.240	−0.224%	$690	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.320	−0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.240	−0.224%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.261	−0.191%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.280	−0.160%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.220	−0.256%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.230	−0.240%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.248	−0.212%	$253K	$444K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.220	−0.256%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.235	−0.232%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.220	−0.256%	$1.1M	$1.8M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.230	−0.240%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0096%	4h	62.271	−0.175%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.231	−0.238%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.256%	$3.0M	$407K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.240	−0.224%	$22K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	−0.176%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.260	−0.192%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.235	−0.232%	$967K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.016%	$540K	$90K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0197%	8h	62.249	−0.210%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0217%	1h	62.233	−0.236%	$81.9M	$37.3M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0229%	8h	62.250	−0.208%	$5.5M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0375%	8h	62.270	−0.176%	$9.6M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0469%	8h	62.240	−0.224%	$26.1M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0485%	8h	62.247	−0.213%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0573%	8h	62.275	−0.168%	$2.4M	$757K	—	as long as short
MEXC DRAM_USDT	+0.0612%	8h	62.240	−0.224%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0612%	8h	62.239	−0.226%	$44.7M	$82.0M	50x	as long as short
Extended DRAM-USD	+0.0616%	1h	62.217	−0.261%	$75K	$663K	10x	as long as short
Gate DRAM_USDT	+0.0671%	8h	62.260	−0.192%	$8.2M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0699%	8h	62.329	−0.082%	$37K	$152K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.250	−0.208%	$450K	$503K	20x	as long as short
BloFin DRAM-USDTlong	+0.0951%	8h	62.380	long leg	$301K	$26K	20x