Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.019%

Price spread now: Ondo Perps against OKX−0.179%7-day average −0.096% · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.169%+$17 · spread now −0.179%, 7d avg −0.096%

Together, before fees+0.163%+ Points / potential airdropOndo Perps: Active · farm board+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.083% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	61.610	0.0052	pay 0.0052% / 8h	2h 06m	$5.4M	$4.9M	50x
Short	Ondo Perps DRAM-USD.P	61.500	0.0050	get 0.0006% / 1h	6m 16s	$1.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.179%Rate

Funding earned: −$0.33
Price spread: −0.179% → −0.096%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$23.62
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.81 bp	8.3 bp −$8	14.3 bp −$143	75.4 bp −$7,541	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	61.600	−0.016%	$8.2M	$3.6M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.580	−0.049%	$762	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.540	−0.114%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.590	−0.032%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0001%	4h	61.574	−0.059%	$152K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	61.565	−0.073%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.550	−0.097%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.542	−0.110%	$251K	$502K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.560	−0.081%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.580	−0.049%	$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.Pshort	+0.0050%	1h	61.500	−0.179%	$1.2M	$1.7M	10x
OKX DRAM-USDT-SWAPlong	+0.0052%	8h	61.610	long leg	$5.4M	$4.9M	50x
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.570	−0.065%	$13K	$9K	20x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.580	−0.049%	$1.0M	$77K	10x	as long as short
Bitget DRAMUSDT	+0.0084%	8h	61.590	−0.032%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0088%	8h	61.590	−0.032%	$201K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.591	−0.030%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.570	−0.065%	$3.0M	$484K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.590	−0.032%	$22K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.570	−0.065%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.591	−0.031%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0121%	1h	61.572	−0.062%	$78.9M	$39.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0127%	8h	61.577	−0.053%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0131%	8h	61.616	+0.010%	$9.2M	$10.3M	100x	as long as short
Lighter DRAM	+0.0144%	1h	61.569	−0.067%	$990K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0158%	8h	61.580	−0.048%	$36K	$190K	10x	as long as short
Variational Omni DRAM	+0.0178%	8h	61.573	−0.059%	$2.4M	$978K	—	as long as short
BloFin DRAM-USDT	+0.0207%	8h	61.580	−0.049%	$295K	$26K	20x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.576	−0.054%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0220%	8h	61.583	−0.044%	$43.7M	$82.9M	50x	as long as short
MEXC DRAM_USDT	+0.0222%	8h	61.580	−0.049%	$11.1M	$6.4M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.580	−0.049%	$510K	$44K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.583	−0.044%	$479K	$443K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.570	−0.065%	$50K	$94K	10x	as long as short