Funding arb · Price arb /

RAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX+0.067%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1861.857% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 5 days (all we have)+0.010%+$1 · spread now +0.067%, 7d avg −0.021%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.088% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX RAM-USDT-SWAP	15.020	0	get 0.0000% / 8h	6h 05m	$276K	$639K	10x
Short	Bybit RAMUSDT	15.030	0	get 0.0000% / 8h	6h 05m	$181K	$58K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → −0.021%: $8.75
Slippage, 4 orders: −$164.71
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$176.96
Costs to cover: 1.857%
Break-even: never at this rate

Slippage from OKX: live order book, 53 min ago; Bybit: live order book, 37 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 OKX live order book, 53 min ago	3.32 bp	26.1 bp −$26	496.0 bp −$4,960	doesn't fit	doesn't fit
Sell Bybit live order book, 37 min ago	9.97 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit

RAM on 10 exchanges

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
Binance RAMUSDT	−0.0087%	8h	15.020	0.000%	$867K	$2.2M	20x	as long as short
MEXC RAM_USDT	−0.0082%	8h	15.020	0.000%	$456K	$106K	20x	as long as short
BloFin RAM-USDT	−0.0051%	8h	15.030	+0.067%	$28K	$2K	20x	as long as short
Bybit RAMUSDTshort	0.0000%	8h	15.030	+0.067%	$181K	$58K	25x
OKX RAM-USDT-SWAPlong	0.0000%	8h	15.020	long leg	$276K	$639K	10x
Gate RAM_USDT	0.0000%	8h	15.051	+0.206%	$31K	$6K	20x	as long as short
Bitget RAMUSDT	0.0000%	8h	15.029	+0.060%	$236K	$203K	20x	as long as short
HTX RAM-USDT	0.0000%	8h	15.004	−0.107%	$6K	$7K	10x	as long as short
Phemex RAMUSDT	0.0000%	8h	15.010	−0.067%	$817K	$176K	20x	as long as short
KuCoin RAMUSDTM	+0.0100%	8h	15.030	+0.067%	$15K	$962K	20x	as long as short