Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.020%

Price spread now: Bybit against ApeX Omni−0.032%69s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as 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−$930.926% of the position

Long on ApeX Omni 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 4 days (all we have)+0.008%+$1 · spread now −0.032%, 7d avg +0.004%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.036% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.004%). If the spread goes back, that is −$4 on $10k: about 30 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour. The two prices were read 69 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	62.460	0.0100	pay 0.0013% / 1h	38m 24s	$22K	$186K	50x
Short	Bybit DRAMUSDT	62.440	0.0197	get 0.0197% / 8h	4h 38m	$9.7M	$9.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.032%Rate

Funding earned: $20.36
Price spread: −0.032% → +0.004%: −$3.58
Slippage, 4 orders: −$71.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$75.81
Costs to cover: 0.926%
Break-even: 33.1 days

Slippage from ApeX Omni: live order book, 18 min ago; Bybit: live order book, 5 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, 18 min ago	26.42 bp	39.3 bp −$39	196.4 bp −$1,964	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.80 bp	7.7 bp −$8	11.9 bp −$119	106.7 bp −$10.7K	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	62.420	−0.064%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.420	−0.064%	$730	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.410	−0.080%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	62.394	−0.106%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.412	−0.077%	$970K	$1.0M	20x	as long as short
edgeX DRAMUSDC	+0.0040%	4h	62.437	−0.037%	$151K	$296K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.360	−0.160%	$51K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.390	−0.112%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.394	−0.106%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.414	−0.074%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.380	−0.128%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.400	−0.096%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.410	−0.080%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0073%	8h	62.460	0.000%	$37K	$167K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0094%	8h	62.416	−0.071%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0095%	1h	62.401	−0.094%	$81.8M	$35.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.421	−0.062%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.080%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	62.460	long leg	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.440	−0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.433	−0.044%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0105%	8h	62.420	−0.064%	$26.3M	$13.2M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0140%	8h	62.430	−0.048%	$5.5M	$4.4M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.208%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0170%	1h	62.403	−0.091%	$198K	$436K	25x	as long as short
Bybit DRAMUSDTshort	+0.0197%	8h	62.440	−0.032%	$9.7M	$9.8M	100x
Aster DRAMUSDT	+0.0307%	8h	62.439	−0.034%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0393%	8h	62.463	+0.006%	$2.4M	$753K	—	as long as short
Extended DRAM-USD	+0.0424%	1h	62.404	−0.089%	$75K	$636K	10x	as long as short
Binance DRAMUSDT	+0.0426%	8h	62.420	−0.064%	$45.0M	$80.3M	50x	as long as short
MEXC DRAM_USDT	+0.0427%	8h	62.420	−0.064%	$9.2M	$5.4M	100x	as long as short
BloFin DRAM-USDT	+0.0569%	8h	62.470	+0.016%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0615%	8h	62.460	0.000%	$8.2M	$3.5M	75x	as long as short