Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h +0.013%

Price spread now: OKX against Extended+0.059%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now +0.059%, 7d avg +0.036%

Together, before fees−0.050%+ Points / potential airdropExtended: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.023% dearer against Extended than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.036%): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.050% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DRAM-USD	61.563	0.0224	pay 0.0028% / 1h	9m 58s	$102K	$741K	10x
Short	OKX DRAM-USDT-SWAP	61.600	0.0052	get 0.0052% / 8h	2h 09m	$5.4M	$4.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Extended. 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 ExtendedbpFee OKXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$36.1
Price spread: +0.059% → +0.036%: $2.34
Slippage, 4 orders: −$11.22
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$59.98
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Extended: live order book, 13 min ago; OKX: live order book, 3 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 Extended live order book, 13 min ago	0.57 bp	3.4 bp −$3	7.2 bp −$72	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.81 bp	7.7 bp −$8	13.4 bp −$134	80.3 bp −$8,027	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	61.590	+0.043%	$8.2M	$3.6M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.570	+0.011%	$613	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.530	−0.054%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.570	+0.011%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	61.565	+0.003%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.540	−0.038%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.552	−0.018%	$251K	$506K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.550	−0.022%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.559	−0.007%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.500	−0.103%	$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-SWAPshort	+0.0052%	8h	61.600	+0.059%	$5.4M	$4.9M	50x
edgeX DRAMUSDC	+0.0053%	4h	61.603	+0.064%	$152K	$291K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.570	+0.011%	$13K	$9K	20x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.560	−0.005%	$1.0M	$77K	10x	as long as short
Bitget DRAMUSDT	+0.0088%	8h	61.570	+0.011%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0097%	8h	61.568	+0.007%	$201K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.585	+0.035%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.550	−0.022%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.580	+0.027%	$22K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.560	−0.005%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.572	+0.013%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0121%	1h	61.559	−0.007%	$78.9M	$39.8M	20x	as long as short
Bybit DRAMUSDT	+0.0133%	8h	61.610	+0.076%	$9.2M	$10.3M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0135%	8h	61.572	+0.014%	—	—	5x	as long as short
Lighter DRAM	+0.0152%	1h	61.569	+0.009%	$990K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0171%	8h	61.578	+0.023%	$36K	$189K	10x	as long as short
Variational Omni DRAM	+0.0178%	8h	61.573	+0.016%	$2.4M	$978K	—	as long as short
BloFin DRAM-USDT	+0.0208%	8h	61.600	+0.059%	$295K	$26K	20x	as long as short
Extended DRAM-USDlong	+0.0224%	1h	61.563	long leg	$102K	$741K	10x
Binance DRAMUSDT	+0.0228%	8h	61.570	+0.011%	$43.7M	$82.9M	50x	as long as short
MEXC DRAM_USDT	+0.0229%	8h	61.570	+0.011%	$11.1M	$6.4M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.580	+0.027%	$510K	$44K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.575	+0.019%	$474K	$440K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.550	−0.022%	$50K	$94K	10x	as long as short