Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h +0.004%

Price spread now: Ondo Perps against KuCoin+0.048%7-day average −0.060% · you sell dearer than you buy

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days−0.187%−$19 · spread now +0.048%, 7d avg −0.060%

Together, before fees−0.257%+ Points / potential airdropOndo Perps: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.108% dearer against KuCoin than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of −0.060%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DRAMUSDTM	61.940	0.0100	pay 0.0100% / 8h	18m 18s	$3.0M	$472K	20x
Short	Ondo Perps DRAM-USD.P	61.970	0.0050	get 0.0006% / 1h	18m 18s	$1.2M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$10.42
Price spread: +0.048% → −0.060%: $10.84
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$16.57
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; 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 KuCoin live order book, 4 min ago	3.23 bp	60.1 bp −$60	doesn't fit	doesn't fit	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_USDT	0.0000%	8h	62.020	+0.129%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.000	+0.097%	$906	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.960	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.820	−0.194%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.974	+0.055%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	+0.008%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.113%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.982	+0.068%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.004	+0.103%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.970	+0.048%	$1.2M	$1.8M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.980	+0.065%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.023	+0.134%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTMlong	+0.0100%	8h	61.940	long leg	$3.0M	$472K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.870	−0.113%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.990	+0.081%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.013	+0.119%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0170%	8h	62.020	+0.129%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0175%	8h	62.020	+0.129%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.581%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0205%	8h	62.012	+0.116%	—	—	5x	as long as short
Lighter DRAM	+0.0240%	1h	61.999	+0.095%	$978K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	+0.036%	$36K	$171K	10x	as long as short
Aster DRAMUSDT	+0.0267%	8h	62.010	+0.113%	$199K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0292%	8h	62.051	+0.179%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.020	+0.129%	$457K	$476K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0310%	1h	61.995	+0.089%	$80.6M	$40.0M	20x	as long as short
Entropy io:DRAM	+0.0325%	1h	61.912	−0.045%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0349%	8h	61.967	+0.043%	$2.4M	$955K	—	as long as short
MEXC DRAM_USDT	+0.0396%	8h	61.990	+0.081%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0404%	8h	62.000	+0.097%	$43.7M	$82.3M	50x	as long as short
Extended DRAM-USD	+0.0408%	1h	61.998	+0.094%	$77K	$767K	10x	as long as short
BloFin DRAM-USDT	+0.0662%	8h	62.040	+0.161%	$253K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.990	+0.081%	$50K	$90K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0719%	1h	62.000	+0.097%	$13K	$9K	20x	as long as short