Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.015%

Price spread now: OKX against ApeX Omni−0.144%90s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as 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−$1021.017% of the position

Long on ApeX Omni Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 3 days (all we have)+0.105%+$10 · spread now −0.144%, 7d avg −0.013%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.131% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.144% now, against its 7-day average of −0.013%). If the spread goes back, that is −$13 on $10k: about 3.3 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.078%, so the current rate has only just turned in your favour. The two prices were read 90 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	62.550	0.0100	pay 0.0013% / 1h	24m 00s	$22K	$186K	50x
Short	OKX DRAM-USDT-SWAP	62.460	0.0234	get 0.0234% / 8h	7h 24m	$5.5M	$4.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.144%Rate

Funding earned: $28.1
Price spread: −0.144% → −0.013%: −$13.12
Slippage, 4 orders: −$81.68
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$86.7
Costs to cover: 1.017%
Break-even: 28.6 days

Slippage from ApeX Omni: live order book, 47 min ago; OKX: live order book, 4 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, 47 min ago	30.67 bp	44.7 bp −$45	201.7 bp −$2,017	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.80 bp	7.6 bp −$8	14.8 bp −$148	doesn't fit	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
SunX DRAM-USDT	0.0000%	8h	62.470	−0.128%	$717	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.410	−0.224%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	−0.176%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0011%	4h	62.503	−0.074%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.436	−0.183%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.440	−0.176%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.450	−0.160%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.436	−0.182%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	−0.160%	$1.1M	$1.9M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.460	−0.144%	$13K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.496	−0.087%	$76K	$41K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.224%	$3.0M	$426K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	62.550	long leg	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.500	−0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.469	−0.129%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.429	−0.193%	$971K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.440	−0.176%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.256%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.512	−0.061%	—	—	5x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0234%	8h	62.460	−0.144%	$5.5M	$4.6M	50x
tradeXYZ xyz:DRAM	+0.0243%	1h	62.418	−0.211%	$82.0M	$37.4M	20x	as long as short
Aster DRAMUSDT	+0.0426%	8h	62.367	−0.292%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0439%	8h	62.480	−0.112%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0504%	8h	62.450	−0.160%	$26.2M	$12.9M	20x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	−0.040%	$2.4M	$750K	—	as long as short
Entropy io:DRAM	+0.0540%	1h	62.389	−0.257%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0549%	8h	62.430	−0.192%	$9.7M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0552%	1h	62.436	−0.182%	$76K	$769K	10x	as long as short
Binance DRAMUSDT	+0.0553%	8h	62.450	−0.160%	$44.6M	$82.0M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.460	−0.144%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0750%	8h	62.470	−0.128%	$8.3M	$3.5M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0910%	8h	62.542	−0.012%	$37K	$155K	10x	as long as short
BloFin DRAM-USDT	+0.0932%	8h	62.550	0.000%	$299K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.460	−0.144%	$461K	$495K	20x	as long as short