Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Ondo Perps−0.010%7-day average +0.034% · you buy dearer than you sell

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

Long on Ondo Perps Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.146%+$15 · spread now −0.010%, 7d avg +0.034%

Together, before fees+0.133%+ Points / potential airdropOndo Perps: Active · farm board+$13 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: Polymarket Perps is 0.044% 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 +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	60.960	0.0050	pay 0.0006% / 1h	38m 31s	$1.1M	$3.5M	10x
Short	Polymarket Perps DRAM-USD	60.954	0.0050	get 0.0006% / 1h	38m 31s	$253K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$0.08
Price spread: −0.010% → +0.034%: −$4.38
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$17.47
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 5 min ago	1.80 bp	5.8 bp −$6	6.4 bp −$64	7.7 bp −$772	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
Bitget DRAMUSDT	−0.0747%	8h	61.020	+0.098%	$26.4M	$15.0M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.988	+0.046%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.023	+0.103%	$9.5M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.980	+0.033%	$422K	$343K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.040	+0.131%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.033	+0.120%	$2.3M	$582K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.030	+0.115%	$36K	$205K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.980	+0.033%	$642	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.990	+0.049%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.980	+0.033%	$1.7M	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0007%	8h	61.000	+0.066%	$5.4M	$6.0M	50x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	61.029	+0.114%	$148K	$298K	20x	as long as short
BloFin DRAM-USDT	+0.0032%	8h	61.000	+0.066%	$297K	$26K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	60.972	+0.020%	$1K	$30K	5x	as long as short
Binance DRAMUSDT	+0.0034%	8h	60.980	+0.033%	$43.7M	$88.7M	50x	as long as short
MEXC DRAM_USDT	+0.0036%	8h	60.980	+0.033%	$7.7M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0040%	1h	60.974	+0.022%	$77K	$196K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.960	0.000%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.990	+0.049%	$993K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.960	0.000%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.947	−0.021%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	60.954	−0.010%	$253K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	60.980	+0.033%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	60.960	long leg	$1.1M	$3.5M	10x
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.960	0.000%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.999	+0.064%	$73K	$38K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.970	+0.016%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.040	+0.131%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.980	+0.033%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	60.986	+0.043%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.970	+0.016%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.910	−0.082%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0194%	1h	60.980	+0.033%	$78.9M	$35.9M	20x	as long as short
Lighter DRAM	+0.0352%	1h	61.007	+0.077%	$1.1M	$1.2M	20x	as long as short