Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against HTX−0.032%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.032% cheaper against HTX than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DRAM-USDT	62.180	0	get 0.0000% / 8h	6h 39m	$28K	$3K	20x
Short	Ondo Perps DRAM-USD.P	62.160	0.0050	get 0.0006% / 1h	39m 44s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against HTX. 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 HTXbpFee Ondo PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: $10.58
Price spread: −0.032% → 0.000%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.63
Costs to cover: 0.170%
Break-even: 13.4 days

Slippage unknown: HTX: no order-book sample; 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 HTX no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

HTX and 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
SunX DRAM-USDT	0.0000%	8h	62.150	−0.048%	$970	$2.9M	10x	as long as short
HTX DRAM-USDTlong	0.0000%	8h	62.180	long leg	$28K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	62.160	−0.032%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	62.195	+0.023%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.177	−0.005%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.170	−0.016%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.100	−0.129%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.130	−0.080%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.143	−0.060%	$252K	$434K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.125	−0.088%	$266K	$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	62.144	−0.058%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	62.160	−0.032%	$1.1M	$1.8M	10x
Pacifica DRAM	+0.0100%	1h	62.117	−0.102%	$76K	$43K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.120	−0.096%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	+0.048%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.180	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.179	−0.002%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.127	−0.085%	$965K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.080%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0187%	8h	62.132	−0.077%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0225%	8h	62.150	−0.048%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0231%	1h	62.114	−0.106%	$81.7M	$36.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.140	−0.064%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0358%	8h	62.180	0.000%	$9.6M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0393%	8h	62.150	−0.048%	$26.0M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0476%	8h	62.177	−0.005%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0568%	8h	62.195	+0.025%	$2.4M	$758K	—	as long as short
Binance DRAMUSDT	+0.0604%	8h	62.148	−0.051%	$44.5M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0605%	8h	62.140	−0.064%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0608%	1h	62.145	−0.056%	$75K	$663K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0608%	8h	62.242	+0.099%	$37K	$152K	10x	as long as short
Gate DRAM_USDT	+0.0614%	8h	62.180	0.000%	$8.2M	$3.4M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.142	−0.060%	$448K	$504K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.322%	$301K	$26K	20x	as long as short