Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.020%

Price spread now: Gate against Ondo Perps+0.130%7-day average +0.104% · you sell dearer than you buy

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

Long on Ondo Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.130%, 7d avg +0.104%

Together, before fees−0.191%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.026% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of +0.104%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	61.550	0.0050	pay 0.0006% / 1h	28m 41s	$1.2M	$1.7M	10x
Short	Gate DRAM_USDT	61.630	0	get 0.0000% / 8h	2h 28m	$8.2M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.130%Rate

Funding earned: −$10.58
Price spread: +0.130% → +0.104%: $2.64
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	1.62 bp	17.8 bp −$18	24.3 bp −$243	29.9 bp −$2,990	58.2 bp −$29.1K

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_USDTshort	0.0000%	8h	61.630	+0.130%	$8.2M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	61.630	+0.130%	$940	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.570	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.630	+0.130%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0036%	4h	61.628	+0.126%	$152K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.567	+0.028%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.560	+0.016%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.596	+0.075%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.627	+0.125%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	61.550	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
OKX DRAM-USDT-SWAP	+0.0066%	8h	61.670	+0.195%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.620	+0.114%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.551	+0.002%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.570	+0.032%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.540	−0.016%	$22K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	+0.130%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0100%	8h	61.583	+0.053%	$201K	$33K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.634	+0.136%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0110%	8h	61.620	+0.114%	$25.9M	$12.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0165%	8h	61.625	+0.122%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0168%	8h	61.656	+0.172%	$9.1M	$10.2M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0169%	1h	61.601	+0.083%	$79.0M	$39.7M	20x	as long as short
Variational Omni DRAM	+0.0170%	8h	61.632	+0.134%	$2.4M	$998K	—	as long as short
GRVT DRAM_USDT_Perp	+0.0177%	8h	61.621	+0.115%	$36K	$190K	10x	as long as short
Entropy io:DRAM	+0.0186%	1h	61.572	+0.036%	$249K	$503K	25x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.623	+0.119%	$102K	$741K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.065%	$510K	$43K	20x	as long as short
MEXC DRAM_USDT	+0.0234%	8h	61.620	+0.114%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0238%	8h	61.629	+0.129%	$43.7M	$82.6M	50x	as long as short
BloFin DRAM-USDT	+0.0246%	8h	61.640	+0.146%	$295K	$26K	20x	as long as short
Lighter DRAM	+0.0248%	1h	61.623	+0.119%	$991K	$1.2M	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.630	+0.130%	$475K	$439K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0562%	1h	61.630	+0.130%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.620	+0.114%	$50K	$96K	10x	as long as short