Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.020%

Price spread now: Ondo Perps against Gate−0.130%7-day average −0.108% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.130%, 7d avg −0.108%

Together, before fees+0.122%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Ondo Perps is 0.022% cheaper against Gate than usual: you would sell low and buy high (spread −0.130% now, against its 7-day average of −0.108%). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRAM_USDT	61.750	0	get 0.0000% / 8h	1h 33m	$8.2M	$3.5M	75x
Short	Ondo Perps DRAM-USD.P	61.670	0.0050	get 0.0006% / 1h	33m 02s	$1.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.130%Rate

Funding earned: $10.58
Price spread: −0.130% → −0.108%: −$2.15
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.57
Costs to cover: 0.200%
Break-even: 14.6 days

Slippage unknown: Gate: live order book, just now; 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 Gate live order book, just now	2.43 bp	14.8 bp −$15	25.1 bp −$251	142.1 bp −$14.2K	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_USDTlong	0.0000%	8h	61.750	long leg	$8.2M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	61.740	−0.016%	$810	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.740	−0.016%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.705	−0.074%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.660	−0.146%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.679	−0.115%	$253K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.708	−0.068%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.735	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.670	−0.130%	$1.2M	$1.7M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.730	−0.032%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0084%	4h	61.709	−0.067%	$153K	$289K	20x	as long as short
Aster DRAMUSDT	+0.0098%	8h	61.740	−0.016%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.682	−0.110%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.730	−0.032%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	−0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.744	−0.010%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0106%	8h	61.730	−0.032%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0106%	8h	61.740	−0.016%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.730	−0.032%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.725	−0.040%	—	—	5x	as long as short
Variational Omni DRAM	+0.0186%	8h	61.708	−0.068%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.275%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0214%	8h	61.790	+0.065%	$9.3M	$10.3M	100x	as long as short
MEXC DRAM_USDT	+0.0230%	8h	61.740	−0.016%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0231%	8h	61.740	−0.016%	$43.8M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.729	−0.034%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.742	−0.012%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.736	−0.023%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0329%	1h	61.724	−0.042%	$79.3M	$39.5M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.730	−0.032%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0418%	8h	61.740	−0.016%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.730	−0.032%	$50K	$92K	10x	as long as short