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= −5.4% APRpaid last 24h +0.017%

Price spread now: Ondo Perps against Orderly−0.130%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.130% cheaper against Orderly than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	61.580	0.0100	pay 0.0100% / 8h	2h 14m	$8K	—	10x
Short	Ondo Perps DRAM-USD.P	61.500	0.0050	get 0.0006% / 1h	14m 07s	$1.2M	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Orderly. 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 OrderlybpFee Ondo PerpsbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$10.42
Price spread: −0.130% → 0.000%: −$12.99
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$34.41
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Ondo Perps: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Orderly and 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
Deribit DRAM_USDC-PERPETUAL	−0.0075%	1h	61.560	−0.032%	$13K	$9K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.580	0.000%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.550	−0.049%	$495	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.560	−0.032%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	61.629	+0.079%	$152K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0033%	1h	61.583	+0.004%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.570	−0.016%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.621	+0.067%	$251K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.554	−0.042%	$203K	$1.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	61.565	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.500	−0.130%	$1.2M	$1.7M	10x
OKX DRAM-USDT-SWAP	+0.0055%	8h	61.570	−0.016%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.570	−0.016%	$1.0M	$77K	10x	as long as short
Bitget DRAMUSDT	+0.0095%	8h	61.570	−0.016%	$25.9M	$12.6M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.579	−0.001%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	0.000%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.660	+0.130%	$22K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.580	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.573	−0.012%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0104%	8h	61.590	+0.016%	$201K	$36K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0123%	1h	61.565	−0.024%	$78.9M	$39.8M	20x	as long as short
Bybit DRAMUSDT	+0.0140%	8h	61.610	+0.049%	$9.2M	$10.3M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0143%	8h	61.566	−0.023%	—	—	5x	as long as short
Lighter DRAM	+0.0160%	1h	61.563	−0.028%	$990K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0185%	8h	61.631	+0.082%	$36K	$190K	10x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.627	+0.077%	$2.4M	$978K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.580	0.000%	$510K	$44K	20x	as long as short
BloFin DRAM-USDT	+0.0235%	8h	61.620	+0.065%	$294K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0237%	8h	61.560	−0.032%	$43.7M	$82.9M	50x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.561	−0.030%	$102K	$741K	10x	as long as short
MEXC DRAM_USDT	+0.0240%	8h	61.560	−0.032%	$11.1M	$6.4M	100x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.576	−0.007%	$474K	$440K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.550	−0.049%	$50K	$95K	10x	as long as short