Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0020%/8hpaid last 24h +0.033%

Price spread now: BloFin against ApeX Omni−0.032%103s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as 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−$1041.036% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now −0.032%, 7d avg −0.009%

Together, before fees−0.085%−$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.023% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.009%). If the spread goes back, that is −$2 on $10k: about 3.9 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour. The two prices were read 103 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	ApeX Omni DRAMUSDT	61.730	0.0100	pay 0.0013% / 1h	21m 35s	$22K	$179K	50x
Short	BloFin DRAM-USDT	61.710	0.0120	get 0.0120% / 8h	4h 21m	$299K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now −0.032%Rate

Funding earned: $4.2
Price spread: −0.032% → −0.009%: −$2.33
Slippage, 4 orders: −$81.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$101.72
Costs to cover: 1.036%
Break-even: 176.5 days

Slippage from ApeX Omni: live order book, 8 min ago; BloFin: live order book, 7 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 ApeX Omni live order book, 8 min ago	24.30 bp	37.1 bp −$37	202.5 bp −$2,025	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	0.81 bp	9.4 bp −$9	11.1 bp −$111	36.6 bp −$3,657	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
Aster DRAMUSDT	0.0000%	8h	61.725	−0.008%	$202K	$28K	20x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.760	+0.049%	$5.4M	$4.8M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.770	+0.065%	$447K	$426K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.780	+0.081%	$8.2M	$3.4M	75x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.770	+0.065%	$25.9M	$11.9M	20x	as long as short
Variational Omni DRAM	0.0000%	8h	61.695	−0.057%	$2.4M	$990K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.720	−0.016%	$36K	$185K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	−0.032%	$794	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.710	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	−0.016%	$1.8M	$1.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDT	+0.0005%	8h	61.750	+0.032%	$11.7M	$6.3M	100x	as long as short
Binance DRAMUSDT	+0.0006%	8h	61.768	+0.062%	$43.3M	$78.6M	50x	as long as short
Extended DRAM-USD	+0.0008%	1h	61.765	+0.057%	$74K	$712K	10x	as long as short
QFEX DRAM-USD	+0.0038%	1h	61.760	+0.049%	$1.0M	$62K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.130%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.696	−0.055%	$194K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.715	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.146%	$1.2M	$1.7M	10x	as long as short
edgeX DRAMUSDC	+0.0077%	4h	61.716	−0.023%	$153K	$289K	20x	as long as short
Bybit DRAMUSDT	+0.0091%	8h	61.810	+0.130%	$9.1M	$9.7M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.746	+0.026%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	−0.016%	$3.0M	$460K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	61.730	long leg	$22K	$179K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.715	−0.024%	$4K	—	10x	as long as short
BloFin DRAM-USDTshort	+0.0120%	8h	61.710	−0.032%	$299K	$26K	20x
Paradex DRAM-USD-PERP	+0.0128%	8h	61.744	+0.023%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0144%	1h	61.370	−0.583%	$508K	$41K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0220%	1h	61.702	−0.046%	$1K	$36K	5x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	61.723	−0.011%	$79.3M	$37.3M	20x	as long as short
Lighter DRAM	+0.0280%	1h	61.761	+0.050%	$995K	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0341%	1h	61.706	−0.039%	$244K	$506K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.710	−0.032%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0404%	1h	61.760	+0.049%	$50K	$99K	10x	as long as short