Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.030%

Price spread now: OKX against Ondo Perps+0.064%7-day average +0.107% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.266%+$27 · spread now +0.064%, 7d avg +0.107%

Together, before fees+0.274%+ Points / potential airdropOndo Perps: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.042% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.064% now, against its 7-day average of +0.107%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.008% in total) that is about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	62.180	0.0050	pay 0.0006% / 1h	44m 11s	$1.1M	$1.8M	10x
Short	OKX DRAM-USDT-SWAP	62.220	0.0227	get 0.0227% / 8h	6h 44m	$5.5M	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $36.98
Price spread: +0.064% → +0.107%: −$4.23
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $17.76
Costs to cover: 0.150%
Break-even: 3.6 days

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.80 bp	6.7 bp −$7	14.5 bp −$145	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
SunX DRAM-USDT	0.0000%	8h	62.240	+0.096%	$675	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.200	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.210	+0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.247	+0.107%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.260	+0.129%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	+0.016%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.220	+0.064%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.236	+0.090%	$253K	$444K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.206	+0.042%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.203	+0.037%	$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	62.180	long leg	$1.1M	$1.8M	10x
edgeX DRAMUSDC	+0.0096%	4h	62.271	+0.146%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.220	+0.064%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.200	+0.032%	$3.0M	$407K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.240	+0.096%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.129%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.244	+0.103%	$4K	—	10x	as long as short
Lighter DRAM	+0.0112%	1h	62.201	+0.034%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.338%	$540K	$90K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0194%	8h	62.217	+0.060%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0212%	1h	62.188	+0.013%	$81.9M	$37.4M	20x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0227%	8h	62.220	+0.064%	$5.5M	$4.7M	50x
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.200	+0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0365%	8h	62.255	+0.121%	$9.6M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0458%	8h	62.230	+0.080%	$26.0M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0482%	8h	62.240	+0.096%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0573%	8h	62.275	+0.153%	$2.4M	$757K	—	as long as short
Extended DRAM-USD	+0.0608%	1h	62.204	+0.039%	$75K	$663K	10x	as long as short
Binance DRAMUSDT	+0.0609%	8h	62.210	+0.048%	$44.6M	$82.0M	50x	as long as short
MEXC DRAM_USDT	+0.0612%	8h	62.210	+0.048%	$9.7M	$5.9M	100x	as long as short
Gate DRAM_USDT	+0.0660%	8h	62.250	+0.113%	$8.2M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0699%	8h	62.329	+0.240%	$37K	$152K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.229	+0.080%	$450K	$503K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.322%	$301K	$26K	20x	as long as short