Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.001%

Price spread now: ApeX Omni against GRVT−0.066%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$950.949% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.066%, 7d avg +0.012%

Together, before fees+0.199%+ Points / potential airdropGRVT: Active · farm board+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.078% cheaper against GRVT than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.012%). If the spread goes back, that is −$8 on $10k: about 2.6 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	GRVT DRAM_USDT_Perp	60.640	0	get 0.0000% / 8h	7h 46m	$35K	$209K	10x
Short	ApeX Omni DRAMUSDT	60.600	0.0100	get 0.0013% / 1h	46m 13s	$21K	$182K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against GRVT. 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 GRVTbpFee ApeX OmnibpOrdersPrice spread, now −0.066%Rate

Funding earned: $21
Price spread: −0.066% → +0.012%: −$7.77
Slippage, 4 orders: −$75.92
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$81.69
Costs to cover: 0.949%
Break-even: 34.2 days

Slippage from GRVT: live order book, 47 min ago; ApeX Omni: live order book, 50 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 GRVT live order book, 47 min ago	2.46 bp	7.0 bp −$7	21.6 bp −$216	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 50 min ago	27.89 bp	40.3 bp −$40	233.7 bp −$2,337	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
Bitget DRAMUSDT	−0.0704%	8h	60.580	−0.099%	$26.4M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.579	−0.101%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.552	−0.145%	$76K	$222K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.559	−0.133%	$43.6M	$89.6M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.580	−0.099%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.561	−0.130%	$417K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.590	−0.082%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.550	−0.148%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.635	−0.008%	$2.3M	$584K	—	as long as short
GRVT DRAM_USDT_Perplong	0.0000%	8h	60.640	long leg	$35K	$209K	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.550	−0.148%	$704	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.560	−0.132%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.560	−0.132%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0003%	8h	60.610	−0.049%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0005%	8h	60.620	−0.033%	$298K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.568	−0.119%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.550	−0.148%	$47K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.540	−0.165%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.550	−0.148%	$177K	$471K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.492	−0.244%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.560	−0.132%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.500	−0.231%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.570	−0.115%	$986K	$84K	10x	as long as short
edgeX DRAMUSDC	+0.0065%	4h	60.608	−0.052%	$147K	$299K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0095%	8h	60.541	−0.163%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0096%	1h	60.526	−0.188%	$78.2M	$35.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.514	−0.207%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.540	−0.165%	$3.0M	$403K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	60.600	−0.066%	$21K	$182K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.570	−0.115%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.559	−0.134%	$4K	—	10x	as long as short
Lighter DRAM	+0.0240%	1h	60.555	−0.140%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0246%	1h	60.550	−0.148%	$12K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	−0.082%	$532K	$86K	20x	as long as short