Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.027%
Price spread now: ApeX Omni against RISEx+0.187%54s7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$870.872% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.024%−$2 on $10k
Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.187%, 7d avg +0.014%
Together, before fees−0.188%−$19 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 0.173% dearer against RISEx than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.014%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx DRAM/USDC61.2150get 0.0000% / 1h54m 13s$424K$419K20x
ShortApeX Omni DRAMUSDT61.3300.0100get 0.0013% / 1h54m 13s$21K$185K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against RISEx. 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

Funding earned
$21
Price spread: +0.187% → +0.014%
$17.31
Slippage, 4 orders
−$71.24
Fee RISEx: 3 bp × 2 orders
−$6
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$48.93
Costs to cover
0.872%
Break-even
23.3 days
Slippage from RISEx: live order book, 54 min ago; ApeX Omni: live order book, 52 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 54 min ago1.70 bp4.7 bp −$55.6 bp −$56doesn't fitdoesn't fit
Sell ApeX Omni live order book, 52 min ago27.58 bp38.6 bp −$39199.9 bp −$1,999doesn't fitdoesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget DRAMUSDT−0.0435%8h61.240+0.040%$26.0M$14.5M20xas long as short
Bybit DRAMUSDT0.0000%8h61.255+0.065%$9.4M$10.3M100xas long as short
RISEx DRAM/USDClong0.0000%1h61.215long leg$424K$419K20x
Gate DRAM_USDT0.0000%8h61.280+0.106%$8.0M$3.7M75xas long as short
GRVT DRAM_USDT_Perp0.0000%8h61.360+0.236%$36K$199K10xas long as short
SunX DRAM-USDT0.0000%8h61.220+0.008%$834$2.6M10xas long as short
Deribit DRAM_USDC-PERPETUAL0.0000%1h61.200−0.025%$13K$3K20xas long as short
HTX DRAM-USDT0.0000%8h61.240+0.040%$27K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h61.240+0.040%$1.7M$1.3M10xas long as short
Aftermath Perps DRAMUSD+0.0028%1h61.309+0.152%$1K$31K5xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX DRAM-USDT-SWAP+0.0036%8h61.250+0.057%$5.4M$5.6M50xas long as short
QFEX DRAM-USD+0.0039%1h61.210−0.009%$997K$84K10xas long as short
Aster DRAMUSDT+0.0040%8h61.241+0.042%$197K$35K20xas long as short
Arcus DRAM-USD+0.0040%1h61.290+0.122%$48K$69K10xas long as short
Vest DRAM-USD-PERP+0.0046%1h61.210−0.009%10xas long as short
edgeX DRAMUSDC+0.0049%4h61.407+0.312%$149K$297K20xas long as short
Entropy io:DRAM+0.0050%1h61.267+0.084%$169K$468K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h61.186−0.048%$254K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h61.230+0.024%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h61.370+0.253%$1.1M$3.4M10xas long as short
Lighter DRAM+0.0056%1h61.249+0.055%$1.1M$1.1M20xas long as short
tradeXYZ xyz:DRAM+0.0070%1h61.217+0.003%$79.3M$35.8M20xas long as short
Variational Omni DRAM+0.0091%8h61.274+0.096%$2.3M$682Kas long as short
Pacifica DRAM+0.0100%1h61.218+0.004%$73K$46K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h61.210−0.009%$3.0M$413K20xas long as short
ApeX Omni DRAMUSDTshort+0.0100%1h61.330+0.187%$21K$185K50x
Orderly PERP_DRAM_USDC_mythos+0.0100%8h61.220+0.008%$8K10xas long as short
Aevo DRAM-PERP+0.0104%1h61.218+0.004%$4K10xas long as short
Paradex DRAM-USD-PERP+0.0108%8h61.232+0.027%5xas long as short
Binance DRAMUSDT+0.0144%8h61.218+0.005%$43.8M$87.1M50xas long as short
Extended DRAM-USD+0.0144%1h61.199−0.027%$74K$190K10xas long as short
MEXC DRAM_USDT+0.0146%8h61.210−0.009%$8.0M$5.6M100xas long as short
BloFin DRAM-USDT+0.0153%8h61.300+0.138%$299K$26K20xas long as short
Coinbase International DRAM-PERP-INTX+0.0160%1h61.110−0.172%$525K$75K20xas long as short