Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.002%

Price spread now: ApeX Omni against Bybit+0.213%7-day average −0.004% · 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−$81as in the Price arb table

costs, in and out, $10k−$1021.025% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.213%, 7d avg −0.004%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.217% dearer against Bybit than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.100	0	get 0.0000% / 8h	4h 48m	$9.5M	$11.2M	100x
Short	ApeX Omni DRAMUSDT	61.230	0.0100	get 0.0013% / 1h	48m 53s	$21K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.213%Rate

Funding earned: $21
Price spread: +0.213% → −0.004%: $21.66
Slippage, 4 orders: −$81.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$59.79
Costs to cover: 1.025%
Break-even: 26.9 days

Slippage from Bybit: live order book, 2 min ago; ApeX Omni: live order book, 55 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 Bybit live order book, 2 min ago	0.82 bp	7.5 bp −$7	13.9 bp −$139	142.6 bp −$14.3K	doesn't fit
Sell ApeX Omni live order book, 55 min ago	26.89 bp	45.7 bp −$46	208.0 bp −$2,080	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
Bybit DRAMUSDTlong	0.0000%	8h	61.100	long leg	$9.5M	$11.2M	100x
RISEx DRAM/USDC	0.0000%	1h	61.093	−0.011%	$459K	$368K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.080	−0.033%	$26.7M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.050	−0.082%	$969	$2.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.210	+0.180%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.050	−0.082%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0013%	4h	61.204	+0.170%	$149K	$299K	20x	as long as short
Gate DRAM_USDT	+0.0027%	8h	61.100	0.000%	$7.9M	$3.4M	75x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	61.150	+0.082%	$1K	$26K	5x	as long as short
QFEX DRAM-USD	+0.0032%	1h	61.070	−0.049%	$998K	$98K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DRAM	+0.0032%	1h	61.053	−0.077%	$1.1M	$1.4M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.050	−0.082%	$59K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.050	−0.082%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.111	+0.018%	$300K	$1.7M	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.077	−0.038%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.074	−0.043%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.040	−0.098%	$1.1M	$3.7M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	61.030	−0.115%	$12K	$4K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.079	−0.034%	$74K	$31K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.060	−0.065%	$3.0M	$410K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.230	+0.213%	$21K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.110	+0.016%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0102%	8h	61.053	−0.077%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.092	−0.013%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0118%	1h	61.033	−0.110%	$79.1M	$38.6M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0166%	8h	61.120	+0.033%	$5.4M	$6.4M	50x	as long as short
Aster DRAMUSDT	+0.0173%	8h	61.128	+0.046%	$195K	$28K	20x	as long as short
Variational Omni DRAM	+0.0214%	8h	61.209	+0.178%	$2.2M	$686K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0216%	1h	61.140	+0.065%	$536K	$91K	20x	as long as short
Extended DRAM-USD	+0.0264%	1h	61.069	−0.050%	$98K	$563K	10x	as long as short
Binance DRAMUSDT	+0.0267%	8h	61.100	0.000%	$44.1M	$98.8M	50x	as long as short
MEXC DRAM_USDT	+0.0268%	8h	61.090	−0.016%	$9.7M	$5.5M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0271%	8h	61.228	+0.209%	$36K	$229K	10x	as long as short
BloFin DRAM-USDT	+0.0674%	8h	61.090	−0.016%	$306K	$27K	20x	as long as short