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

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0215%/8h= +23.5% APRpaid last 24h +0.037%
Price spread now: Gate against ApeX Omni+0.177%81s7-day average −0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1171.170% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.146%−$15 on $10k
Price spread, last 3 days (all we have)−0.261%−$26 · spread now +0.177%, 7d avg −0.019%
Together, before fees−0.407%−$41 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.196% dearer against ApeX Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.019%. Mind the row above: over the last 7 days funding on this pair cost −0.146%, so the current rate has only just turned in your favour. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.146% in total (about -7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni DRAMUSDT62.1300.0100pay 0.0013% / 1h52m 05s$22K$186K50x
ShortGate DRAM_USDT62.2400.0315get 0.0315% / 8h7h 52m$8.3M$3.3M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$45.15
Price spread: +0.177% → −0.019%
$19.6
Slippage, 4 orders
−$92.01
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$52.27
Costs to cover
1.170%
Break-even
15.1 days
Slippage from ApeX Omni: live order book, 19 min ago; Gate: live order book, 1 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 ApeX Omni live order book, 19 min ago30.67 bp44.7 bp −$45201.7 bp −$2,017doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago1.61 bp17.9 bp −$1824.4 bp −$24428.0 bp −$2,79758.4 bp −$29.2K

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
SunX DRAM-USDT0.0000%8h62.220+0.145%$904$3.1M10xas long as short
HTX DRAM-USDT0.0000%8h62.170+0.064%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h62.220+0.145%$1.8M$1.3M10xas long as short
edgeX DRAMUSDC+0.0037%4h62.079−0.083%$150K$295K20xas long as short
Aftermath Perps DRAMUSD+0.0039%1h62.113−0.027%$1K$35K5xas long as short
Vest DRAM-USD-PERP+0.0046%1h62.160+0.048%$60110xas long as short
SoDEX DRAM-USD+0.0050%1h62.213+0.134%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h62.140+0.016%$1.2M$1.8M10xas long as short
Pacifica DRAM+0.0100%1h62.154+0.039%$76K$40K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h62.160+0.048%$3.0M$453K20xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni DRAMUSDTlong+0.0100%1h62.130long leg$22K$186K50x
Orderly PERP_DRAM_USDC_mythos+0.0100%8h62.240+0.177%$9K10xas long as short
Aevo DRAM-PERP+0.0104%1h62.129−0.002%$4K10xas long as short
Lighter DRAM+0.0144%1h62.212+0.132%$961K$1.2M20xas long as short
QFEX DRAM-USD+0.0160%1h62.210+0.129%$1.0M$79K10xas long as short
Coinbase International DRAM-PERP-INTX+0.0184%1h61.920−0.338%$535K$95K20xas long as short
OKX DRAM-USDT-SWAP+0.0198%8h62.220+0.145%$5.4M$4.6M50xas long as short
Paradex DRAM-USD-PERP+0.0218%8h62.199+0.111%5xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0233%1h62.190+0.097%$13K$3K20xas long as short
Bitget DRAMUSDT+0.0240%8h62.210+0.129%$26.3M$12.8M20xas long as short
GRVT DRAM_USDT_Perp+0.0244%8h62.108−0.035%$37K$164K10xas long as short
Polymarket Perps DRAM-USD+0.0250%1h62.194+0.103%$266K$1.3M10xas long as short
Gate DRAM_USDTshort+0.0315%8h62.240+0.177%$8.3M$3.3M75x
Aster DRAMUSDT+0.0327%8h62.151+0.034%$200K$36K20xas long as short
Entropy io:DRAM+0.0409%1h62.129−0.002%$254K$475K25xas long as short
Variational Omni DRAM+0.0410%8h62.157+0.043%$2.4M$904Kas long as short
Extended DRAM-USD+0.0456%1h62.206+0.123%$75K$767K10xas long as short
MEXC DRAM_USDT+0.0457%8h62.210+0.129%$10.5M$6.6M100xas long as short
Binance DRAMUSDT+0.0460%8h62.223+0.150%$44.4M$81.8M50xas long as short
tradeXYZ xyz:DRAM+0.0571%1h62.193+0.101%$81.5M$39.3M20xas long as short
Bybit DRAMUSDT+0.0589%8h62.266+0.219%$9.6M$10.5M100xas long as short
Arcus DRAM-USD+0.0606%1h62.160+0.048%$51K$85K10xas long as short
BloFin DRAM-USDT+0.0785%8h62.240+0.177%$295K$27K20xas long as short
RISEx DRAM/USDC+0.1096%1h62.209+0.128%$454K$478K20xas long as short