Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0147%/8h= −16.1% APRpaid last 24h —

Price spread now: Ondo Perps against Paradex−0.047%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Ondo Perps is 0.047% cheaper against Paradex than usual: you would sell low and buy high (−$5 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	Paradex DRAM-USD-PERP	62.249	0.0197	pay 0.0197% / 8h	6h 45m	—	—	5x
Short	Ondo Perps DRAM-USD.P	62.220	0.0050	get 0.0006% / 1h	45m 31s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Paradex. 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 ParadexbpFee Ondo PerpsbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$30.83
Price spread: −0.047% → 0.000%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$44.52
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Paradex 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
SunX DRAM-USDT	0.0000%	8h	62.320	+0.114%	$681	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.320	+0.114%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.270	+0.033%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.261	+0.019%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.280	+0.049%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.220	−0.047%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.230	−0.031%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.248	−0.002%	$253K	$444K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.220	−0.047%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.278	+0.046%	$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.Pshort	+0.0050%	1h	62.220	−0.047%	$1.1M	$1.8M	10x
edgeX DRAMUSDC	+0.0096%	4h	62.271	+0.035%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.231	−0.029%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.230	−0.031%	$3.0M	$407K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.240	−0.015%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	+0.033%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.303	+0.086%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.255	+0.009%	$967K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.226%	$540K	$90K	20x	as long as short
Paradex DRAM-USD-PERPlong	+0.0197%	8h	62.249	long leg	—	—	5x
tradeXYZ xyz:DRAM	+0.0220%	1h	62.224	−0.041%	$81.9M	$37.3M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0229%	8h	62.240	−0.015%	$5.5M	$4.7M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.250	+0.001%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0375%	8h	62.270	+0.033%	$9.6M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0469%	8h	62.250	+0.001%	$26.1M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0485%	8h	62.263	+0.022%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0573%	8h	62.275	+0.042%	$2.4M	$757K	—	as long as short
MEXC DRAM_USDT	+0.0612%	8h	62.240	−0.015%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0612%	8h	62.234	−0.024%	$44.7M	$82.0M	50x	as long as short
Extended DRAM-USD	+0.0616%	1h	62.244	−0.009%	$76K	$663K	10x	as long as short
Gate DRAM_USDT	+0.0671%	8h	62.260	+0.017%	$8.2M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0699%	8h	62.329	+0.128%	$37K	$152K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.250	+0.001%	$450K	$503K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.210%	$301K	$26K	20x	as long as short