Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.011%

Price spread now: Aster against Ondo Perps+0.032%7-day average +0.105% · you sell dearer than you buy

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

Long on Ondo Perps Short on Aster

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.078%+$8 · spread now +0.032%, 7d avg +0.105%

Together, before fees+0.072%+ Points / potential airdropOndo Perps: Active · Aster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.073% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.032% now, against its 7-day average of +0.105%). If the spread goes back, that is −$7 on $10k: about 4.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	61.720	0.0050	pay 0.0006% / 1h	10m 17s	$1.2M	$1.7M	10x
Short	Aster DRAMUSDT	61.740	0.0106	get 0.0106% / 8h	1h 10m	$198K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Ondo Perps. 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 Ondo PerpsbpFee AsterbpOrdersPrice spread, now +0.032%Rate

Funding earned: $11.77
Price spread: +0.032% → +0.105%: −$7.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.51
Costs to cover: 0.130%
Break-even: 12.1 days

Slippage unknown: Ondo Perps: no order-book sample; Aster: live order book, 6 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	3.24 bp	7.2 bp −$7	9.0 bp −$90	225.5 bp −$22.5K	doesn't fit

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	61.800	+0.130%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.800	+0.130%	$751	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.730	+0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.790	+0.113%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.765	+0.073%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.720	0.000%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.729	+0.015%	$260K	$510K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.769	+0.079%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.786	+0.107%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	61.720	long leg	$1.2M	$1.7M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.790	+0.113%	$1.0M	$80K	10x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	61.783	+0.102%	$153K	$288K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.729	+0.015%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	+0.081%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.800	+0.130%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.770	+0.081%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.788	+0.110%	$4K	—	10x	as long as short
Aster DRAMUSDTshort	+0.0106%	8h	61.740	+0.032%	$198K	$36K	20x
Bitget DRAMUSDT	+0.0113%	8h	61.770	+0.081%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0118%	8h	61.790	+0.113%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0140%	8h	61.785	+0.105%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0153%	8h	61.776	+0.090%	—	—	5x	as long as short
Variational Omni DRAM	+0.0196%	8h	61.777	+0.092%	$2.4M	$938K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.227%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0236%	8h	61.830	+0.178%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0239%	8h	61.790	+0.113%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.783	+0.102%	$77K	$765K	10x	as long as short
Binance DRAMUSDT	+0.0240%	8h	61.800	+0.129%	$43.8M	$82.7M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.786	+0.107%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.784	+0.104%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0285%	1h	61.770	+0.081%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0461%	8h	61.770	+0.081%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.790	+0.113%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.780	+0.097%	$50K	$91K	10x	as long as short