Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.037%

Price spread now: ApeX Omni against Gate−0.098%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1081.077% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.098%, 7d avg +0.019%

Together, before fees+0.327%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.116% cheaper against Gate than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of +0.019%). If the spread goes back, that is −$12 on $10k: about 3.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRAM_USDT	61.500	0	get 0.0000% / 8h	2h 03m	$8.0M	$3.7M	75x
Short	ApeX Omni DRAMUSDT	61.440	0.0100	get 0.0013% / 1h	3m 09s	$21K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now −0.098%Rate

Funding earned: $21
Price spread: −0.098% → +0.019%: −$11.63
Slippage, 4 orders: −$82.66
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$98.28
Costs to cover: 1.077%
Break-even: 39.8 days

Slippage from Gate: live order book, 5 min ago; ApeX Omni: live order book, 43 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 Gate live order book, 5 min ago	1.63 bp	15.7 bp −$16	25.2 bp −$252	78.9 bp −$7,891	doesn't fit
Sell ApeX Omni live order book, 43 min ago	27.58 bp	38.6 bp −$39	199.9 bp −$1,999	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
Bitget DRAMUSDT	−0.0465%	8h	61.430	−0.114%	$26.1M	$14.5M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.419	−0.132%	$425K	$506K	20x	as long as short
Gate DRAM_USDTlong	0.0000%	8h	61.500	long leg	$8.0M	$3.7M	75x
GRVT DRAM_USDT_Perp	0.0000%	8h	61.462	−0.062%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.420	−0.130%	$906	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.370	−0.211%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.440	−0.098%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0012%	8h	61.460	−0.065%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.364	−0.221%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.390	−0.179%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.390	−0.179%	—	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0046%	8h	61.450	−0.081%	$5.5M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.400	−0.163%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.392	−0.176%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.427	−0.119%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.195%	$1.1M	$3.4M	10x	as long as short
Aster DRAMUSDT	+0.0058%	8h	61.451	−0.079%	$198K	$35K	20x	as long as short
Entropy io:DRAM	+0.0071%	1h	61.367	−0.216%	$170K	$470K	25x	as long as short
edgeX DRAMUSDC	+0.0073%	4h	61.428	−0.117%	$149K	$298K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.410	−0.146%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.366	−0.218%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.410	−0.146%	$3.0M	$411K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.440	−0.098%	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.410	−0.146%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.421	−0.128%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.444	−0.091%	$2.3M	$669K	—	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	61.411	−0.145%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0147%	1h	61.426	−0.120%	$79.6M	$36.1M	20x	as long as short
Extended DRAM-USD	+0.0160%	1h	61.401	−0.161%	$76K	$188K	10x	as long as short
Binance DRAMUSDT	+0.0163%	8h	61.435	−0.106%	$44.0M	$87.0M	50x	as long as short
MEXC DRAM_USDT	+0.0165%	8h	61.430	−0.114%	$8.1M	$5.7M	100x	as long as short
BloFin DRAM-USDT	+0.0183%	8h	61.430	−0.114%	$298K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.634%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.462	−0.062%	$1.1M	$1.2M	20x	as long as short