Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0042%/8h= −4.6% APRpaid last 24h −0.007%

Price spread now: Ondo Perps against edgeX−0.060%7-day average −0.103% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.060%, 7d avg −0.103%

Together, before fees−0.030%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.043% dearer against edgeX than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.103%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	61.247	0.0093	pay 0.0046% / 4h	1h 51m	$148K	$298K	20x
Short	Ondo Perps DRAM-USD.P	61.210	0.0050	get 0.0006% / 1h	51m 01s	$1.1M	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$8.89
Price spread: −0.060% → −0.103%: $4.27
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$18.62
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 57 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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 edgeX live order book, 57 min ago	2.43 bp	7.2 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget DRAMUSDT	−0.0450%	8h	61.320	+0.119%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.317	+0.115%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.236	−0.018%	$424K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.330	+0.136%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.281	+0.055%	$36K	$199K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.270	+0.038%	$875	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.200	−0.076%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.280	+0.054%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.257	+0.017%	$1K	$31K	5x	as long as short
Aster DRAMUSDT	+0.0033%	8h	61.274	+0.045%	$197K	$35K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0035%	8h	61.320	+0.119%	$5.4M	$5.6M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.220	−0.044%	$998K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.240	−0.011%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.230	−0.027%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.232	−0.024%	$169K	$468K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.218	−0.047%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.228	−0.031%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.210	−0.060%	$1.1M	$3.4M	10x
Variational Omni DRAM	+0.0091%	8h	61.274	+0.045%	$2.3M	$682K	—	as long as short
edgeX DRAMUSDClong	+0.0093%	4h	61.247	long leg	$148K	$298K	20x
Pacifica DRAM	+0.0100%	1h	61.244	−0.005%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.230	−0.027%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.290	+0.070%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.240	−0.011%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.242	−0.008%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0105%	1h	61.259	+0.020%	$79.3M	$35.8M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0106%	8h	61.230	−0.027%	—	—	5x	as long as short
Extended DRAM-USD	+0.0136%	1h	61.294	+0.076%	$74K	$190K	10x	as long as short
BloFin DRAM-USDT	+0.0137%	8h	61.240	−0.011%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0138%	8h	61.298	+0.083%	$43.9M	$87.2M	50x	as long as short
MEXC DRAM_USDT	+0.0140%	8h	61.270	+0.038%	$8.0M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.223%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0168%	1h	61.262	+0.025%	$1.1M	$1.1M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.230	−0.027%	$13K	$3K	20x	as long as short