Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h +0.006%

Price spread now: edgeX against Ondo Perps+0.066%54s7-day average +0.103% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.066%, 7d avg +0.103%

Together, before fees+0.082%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$8 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: edgeX is 0.037% cheaper against Ondo Perps than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.103%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	62.320	0.0050	pay 0.0006% / 1h	12m 36s	$1.1M	$2.1M	10x
Short	edgeX DRAMUSDC	62.361	0.0047	get 0.0024% / 4h	1h 12m	$151K	$298K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$0.65
Price spread: +0.066% → +0.103%: −$3.67
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$18.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 50 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 edgeX live order book, 50 min ago	2.41 bp	6.9 bp −$7	14.7 bp −$147	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.380	+0.096%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.400	+0.128%	$697	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.330	+0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.400	+0.128%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.310	−0.016%	$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	62.350	+0.048%	—	—	10x	as long as short
edgeX DRAMUSDCshort	+0.0047%	4h	62.361	+0.066%	$151K	$298K	20x
Polymarket Perps DRAM-USD	+0.0050%	1h	62.377	+0.091%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.381	+0.098%	$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.Plong	+0.0050%	1h	62.320	long leg	$1.1M	$2.1M	10x
QFEX DRAM-USD	+0.0055%	1h	62.380	+0.096%	$1.0M	$78K	10x	as long as short
Bitget DRAMUSDT	+0.0084%	8h	62.380	+0.096%	$26.3M	$13.2M	20x	as long as short
Entropy io:DRAM	+0.0090%	1h	62.332	+0.019%	$246K	$414K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.334	+0.023%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.350	+0.048%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.380	+0.096%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	+0.144%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.365	+0.072%	$969K	$1.0M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.407	+0.140%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0123%	8h	62.378	+0.094%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0150%	8h	62.380	+0.096%	$37K	$161K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0179%	8h	62.380	+0.096%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0181%	1h	62.347	+0.043%	$81.8M	$36.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.449%	$534K	$74K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.390	+0.112%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0246%	8h	62.420	+0.160%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0374%	8h	62.409	+0.143%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0459%	8h	62.363	+0.069%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0491%	8h	62.380	+0.096%	$44.9M	$81.4M	50x	as long as short
MEXC DRAM_USDT	+0.0493%	8h	62.370	+0.080%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0496%	1h	62.364	+0.071%	$75K	$636K	10x	as long as short
Gate DRAM_USDT	+0.0549%	8h	62.410	+0.144%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0720%	8h	62.400	+0.128%	$302K	$26K	20x	as long as short