Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.037%

Price spread now: ApeX Omni against Gate−0.114%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1161.162% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 3 days (all we have)+0.198%+$20 · spread now −0.114%, 7d avg +0.021%

Together, before fees+0.344%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.135% cheaper against Gate than usual: you would sell low and buy high (spread −0.114% now, against its 7-day average of +0.021%). If the spread goes back, that is −$13 on $10k: about 4.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRAM_USDT	61.640	0	get 0.0000% / 8h	2h 22m	$8.2M	$3.5M	75x
Short	ApeX Omni DRAMUSDT	61.570	0.0100	get 0.0013% / 1h	22m 52s	$22K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.114%Rate

Funding earned: $21
Price spread: −0.114% → +0.021%: −$13.47
Slippage, 4 orders: −$91.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$108.65
Costs to cover: 1.162%
Break-even: 43.2 days

Slippage from Gate: live order book, 1 min ago; ApeX Omni: live order book, 63 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 Gate live order book, 1 min ago	1.62 bp	13.7 bp −$14	25.7 bp −$257	130.5 bp −$13.0K	doesn't fit
Sell ApeX Omni live order book, 63 min ago	28.43 bp	43.1 bp −$43	216.5 bp −$2,165	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
Gate DRAM_USDTlong	0.0000%	8h	61.640	long leg	$8.2M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	61.620	−0.032%	$620	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.610	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.620	−0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.598	−0.068%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.610	−0.049%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.610	−0.049%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.616	−0.039%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.130%	$1.2M	$1.7M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.628	−0.019%	$152K	$288K	20x	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-SWAP	+0.0067%	8h	61.630	−0.016%	$5.4M	$4.9M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.630	−0.016%	$13K	$9K	20x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.630	−0.016%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.627	−0.021%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.600	−0.065%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.570	−0.114%	$22K	$182K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.640	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.638	−0.003%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0112%	8h	61.610	−0.049%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0116%	8h	61.631	−0.014%	$201K	$33K	20x	as long as short
Entropy io:DRAM	+0.0128%	1h	61.634	−0.010%	$249K	$503K	25x	as long as short
tradeXYZ xyz:DRAM	+0.0159%	1h	61.610	−0.049%	$79.0M	$39.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0165%	8h	61.624	−0.026%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0166%	8h	61.653	+0.021%	$9.1M	$10.2M	100x	as long as short
Variational Omni DRAM	+0.0188%	8h	61.643	+0.005%	$2.4M	$980K	—	as long as short
GRVT DRAM_USDT_Perp	+0.0193%	8h	61.630	−0.016%	$36K	$190K	10x	as long as short
Lighter DRAM	+0.0224%	1h	61.639	−0.002%	$991K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.211%	$510K	$43K	20x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.612	−0.045%	$102K	$741K	10x	as long as short
MEXC DRAM_USDT	+0.0249%	8h	61.610	−0.049%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0250%	8h	61.620	−0.032%	$43.7M	$82.6M	50x	as long as short
BloFin DRAM-USDT	+0.0273%	8h	61.630	−0.016%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.627	−0.022%	$475K	$439K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.620	−0.032%	$50K	$95K	10x	as long as short