Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0340%/8h= −37.2% APRpaid last 24h −0.023%

Price spread now: Ondo Perps against MEXC−0.081%7-day average −0.101% · you buy dearer than you sell

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

Long on MEXC Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days−0.108%−$11 · spread now −0.081%, 7d avg −0.101%

Together, before fees−0.170%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.020% dearer against MEXC than usual: you sell high and buy low (spread −0.081% now, against its 7-day average of −0.101%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.062% in total) that is about 2.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DRAM_USDT	61.990	0.0390	pay 0.0390% / 8h	20m 36s	$11.2M	$6.5M	100x
Short	Ondo Perps DRAM-USD.P	61.940	0.0050	get 0.0006% / 1h	20m 36s	$1.2M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against MEXC. 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 MEXCbpFee Ondo PerpsbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$71.32
Price spread: −0.081% → −0.101%: $2
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$74.31
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.81 bp	0.8 bp −$1	0.8 bp −$8	5.5 bp −$553	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	61.990	0.000%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.970	−0.032%	$1K	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	−0.290%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.949	−0.066%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	−0.073%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	−0.210%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.952	−0.061%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.961	−0.047%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.940	−0.081%	$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	61.990	0.000%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.905	−0.137%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	−0.081%	$3.0M	$473K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.870	−0.194%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	−0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.977	−0.021%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0165%	8h	62.000	+0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0170%	8h	61.990	0.000%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.661%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0197%	8h	61.994	+0.006%	—	—	5x	as long as short
Lighter DRAM	+0.0224%	1h	61.989	−0.002%	$978K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0257%	8h	61.987	−0.004%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	−0.045%	$36K	$171K	10x	as long as short
Bybit DRAMUSDT	+0.0288%	8h	62.030	+0.065%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.990	0.000%	$456K	$476K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0304%	1h	61.978	−0.019%	$80.5M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0321%	1h	61.911	−0.127%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0349%	8h	61.967	−0.038%	$2.4M	$955K	—	as long as short
MEXC DRAM_USDTlong	+0.0390%	8h	61.990	long leg	$11.2M	$6.5M	100x
Extended DRAM-USD	+0.0392%	1h	61.968	−0.035%	$77K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0392%	8h	61.995	+0.007%	$43.7M	$82.3M	50x	as long as short
BloFin DRAM-USDT	+0.0650%	8h	61.970	−0.032%	$252K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.970	−0.032%	$50K	$90K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0719%	1h	61.980	−0.016%	$13K	$9K	20x	as long as short