Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.015%

Price spread now: ApeX Omni against OKX−0.064%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1011.008% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.064%, 7d avg +0.013%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and ApeX Omni is 0.077% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	62.380	0.0173	pay 0.0173% / 8h	5h 08m	$5.5M	$4.4M	50x
Short	ApeX Omni DRAMUSDT	62.340	0.0100	get 0.0013% / 1h	8m 53s	$22K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.064%Rate

Funding earned: −$15.42
Price spread: −0.064% → +0.013%: −$7.69
Slippage, 4 orders: −$80.84
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$123.95
Costs to cover: 1.008%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; ApeX Omni: live order book, 52 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 OKX live order book, 4 min ago	0.80 bp	8.4 bp −$8	15.6 bp −$156	92.3 bp −$9,232	doesn't fit
Sell ApeX Omni live order book, 52 min ago	30.54 bp	42.4 bp −$42	213.3 bp −$2,133	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
RISEx DRAM/USDC	0.0000%	1h	62.370	−0.016%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.390	+0.016%	$893	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.360	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.370	−0.016%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0014%	4h	62.360	−0.033%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	62.338	−0.068%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.350	−0.048%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.080%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.346	−0.055%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.361	−0.030%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.300	−0.128%	$1.1M	$2.1M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.350	−0.048%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.360	−0.032%	$13K	$3K	20x	as long as short
Entropy io:DRAM	+0.0088%	1h	62.330	−0.080%	$246K	$413K	25x	as long as short
Bitget DRAMUSDT	+0.0091%	8h	62.380	0.000%	$26.3M	$13.2M	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.361	−0.030%	$969K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.333	−0.076%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.360	−0.032%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.340	−0.064%	$22K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.380	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.386	+0.010%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	62.368	−0.020%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0131%	8h	62.386	+0.010%	$37K	$162K	10x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0173%	8h	62.380	long leg	$5.5M	$4.4M	50x
tradeXYZ xyz:DRAM	+0.0174%	1h	62.341	−0.063%	$81.8M	$36.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.545%	$534K	$74K	20x	as long as short
Bybit DRAMUSDT	+0.0241%	8h	62.410	+0.048%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0366%	8h	62.383	+0.005%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0449%	8h	62.353	−0.044%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0485%	8h	62.380	0.000%	$44.9M	$81.0M	50x	as long as short
MEXC DRAM_USDT	+0.0486%	8h	62.360	−0.032%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0488%	1h	62.354	−0.042%	$76K	$637K	10x	as long as short
Gate DRAM_USDT	+0.0556%	8h	62.410	+0.048%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0700%	8h	62.390	+0.016%	$301K	$26K	20x	as long as short