Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h −0.017%

Price spread now: KuCoin against Ondo Perps+0.081%7-day average +0.055% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.081%, 7d avg +0.055%

Together, before fees0.000%+ Points / potential airdropOndo Perps: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and KuCoin is 0.026% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	61.640	0.0050	pay 0.0006% / 1h	49m 15s	$1.2M	$1.7M	10x
Short	KuCoin DRAMUSDTM	61.690	0.0100	get 0.0100% / 8h	1h 49m	$3.0M	$476K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.081%Rate

Funding earned: $10.42
Price spread: +0.081% → +0.055%: $2.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$4
Costs to cover: 0.170%
Break-even: 9.7 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	1.62 bp	28.7 bp −$29	doesn't fit	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
Gate DRAM_USDT	0.0000%	8h	61.730	+0.146%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.720	+0.130%	$758	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.660	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	+0.130%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0024%	4h	61.712	+0.117%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	61.660	+0.033%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.620	−0.032%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.682	+0.068%	$253K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.700	+0.097%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.721	+0.131%	$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	61.640	long leg	$1.2M	$1.7M	10x
QFEX DRAM-USD	+0.0052%	1h	61.690	+0.081%	$1.0M	$77K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0081%	8h	61.730	+0.146%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0091%	8h	61.740	+0.162%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0091%	8h	61.730	+0.146%	$26.0M	$12.5M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.727	+0.141%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	61.690	+0.081%	$3.0M	$476K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.700	+0.097%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.710	+0.114%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.732	+0.149%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0138%	8h	61.721	+0.132%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0149%	8h	61.713	+0.119%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0164%	8h	61.766	+0.204%	$9.3M	$10.3M	100x	as long as short
Variational Omni DRAM	+0.0172%	8h	61.710	+0.113%	$2.4M	$969K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.097%	$510K	$44K	20x	as long as short
Binance DRAMUSDT	+0.0222%	8h	61.720	+0.130%	$43.7M	$82.7M	50x	as long as short
MEXC DRAM_USDT	+0.0222%	8h	61.720	+0.130%	$11.1M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.711	+0.115%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.723	+0.135%	$480K	$442K	20x	as long as short
BloFin DRAM-USDT	+0.0316%	8h	61.740	+0.162%	$294K	$27K	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.730	+0.146%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0343%	1h	61.712	+0.117%	$79.2M	$39.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.710	+0.114%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	+0.114%	$50K	$93K	10x	as long as short