Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Phemex−0.066%7-day average −0.110% · you buy dearer than you sell

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

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.066%, 7d avg −0.110%

Together, before fees+0.125%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.045% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	60.960	0	get 0.0000% / 8h	1h 02m	$1.7M	$1.3M	10x
Short	Ondo Perps DRAM-USD.P	60.920	0.0050	get 0.0006% / 1h	2m 56s	$1.1M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.066%Rate

Funding earned: $10.58
Price spread: −0.066% → −0.110%: $4.48
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.93
Costs to cover: 0.170%
Break-even: 8.3 days

Slippage unknown: Phemex: live order book, 5 min ago; 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 Phemex live order book, 5 min ago	0.82 bp	53.3 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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	−0.0652%	8h	60.980	+0.033%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.940	−0.032%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.964	+0.007%	$9.4M	$10.2M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	60.960	0.000%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.949	−0.019%	$422K	$348K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.000	+0.066%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.044	+0.138%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.030	+0.115%	$36K	$204K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.980	+0.033%	$697	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.990	+0.049%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDTlong	0.0000%	8h	60.960	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0029%	1h	60.993	+0.054%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	60.970	+0.016%	$993K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.990	+0.049%	$48K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.950	−0.016%	—	—	10x	as long as short
Binance DRAMUSDT	+0.0047%	8h	60.935	−0.041%	$43.6M	$87.9M	50x	as long as short
Extended DRAM-USD	+0.0048%	1h	60.920	−0.066%	$74K	$187K	10x	as long as short
MEXC DRAM_USDT	+0.0048%	8h	60.950	−0.016%	$7.7M	$5.8M	100x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.971	+0.018%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.938	−0.036%	$253K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.955	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	60.920	−0.066%	$1.1M	$3.5M	10x
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.930	−0.049%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0081%	8h	60.966	+0.009%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	61.029	+0.113%	$148K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.996	+0.058%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.920	−0.066%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.030	+0.115%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.960	0.000%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0103%	1h	60.927	−0.054%	$78.8M	$35.7M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.946	−0.023%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	60.980	+0.033%	$298K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.246%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0232%	1h	60.965	+0.008%	$1.1M	$1.2M	20x	as long as short