Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex+0.097%77s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1841.841% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now +0.097%, 7d avg +0.012%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.085% dearer against Phemex than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.012%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.890	0	get 0.0000% / 8h	3h 26m	$1.7M	$1.3M	10x
Short	ApeX Omni DRAMUSDT	61.950	0.0100	get 0.0013% / 1h	26m 10s	$22K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.097%Rate

Funding earned: $21
Price spread: +0.097% → +0.012%: $8.53
Slippage, 4 orders: −$162.07
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$154.55
Costs to cover: 1.841%
Break-even: 58.5 days

Slippage from Phemex: live order book, 2 min ago; ApeX Omni: live order book, 25 min ago.

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 Phemex live order book, 2 min ago	2.42 bp	55.0 bp −$55	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 25 min ago	22.53 bp	47.7 bp −$48	208.6 bp −$2,086	doesn't fit	doesn't fit

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
RISEx DRAM/USDC	0.0000%	1h	61.890	0.000%	$435K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.910	+0.032%	$26.1M	$13.6M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.959	+0.112%	$36K	$186K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.880	−0.016%	$651	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	+0.145%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.890	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0023%	1h	61.896	+0.010%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.890	0.000%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.920	+0.048%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.880	−0.016%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.889	−0.002%	$172K	$461K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.862	−0.045%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.881	−0.015%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.820	−0.113%	$1.1M	$2.4M	10x	as long as short
edgeX DRAMUSDC	+0.0056%	4h	61.959	+0.112%	$150K	$297K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0064%	8h	61.910	+0.032%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0086%	8h	61.908	+0.029%	$9.6M	$9.8M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.894	+0.007%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.870	−0.032%	$3.0M	$397K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.950	+0.097%	$22K	$184K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.900	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.897	+0.012%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.355%	$533K	$75K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0112%	8h	61.887	−0.006%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0136%	1h	61.866	−0.039%	$80.6M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0160%	8h	61.892	+0.003%	$199K	$35K	20x	as long as short
Lighter DRAM	+0.0192%	1h	61.883	−0.011%	$1.1M	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0226%	8h	61.974	+0.136%	$2.4M	$739K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0235%	1h	61.860	−0.048%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0261%	8h	61.960	+0.113%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0278%	8h	61.887	−0.004%	$44.4M	$81.1M	50x	as long as short
MEXC DRAM_USDT	+0.0278%	8h	61.880	−0.016%	$8.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0280%	1h	61.864	−0.043%	$76K	$515K	10x	as long as short
Gate DRAM_USDT	+0.0451%	8h	61.920	+0.048%	$8.1M	$3.5M	75x	as long as short