Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.016%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1561.563% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.016%, 7d avg +0.053%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.069% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DRAMUSDTM	61.390	0.0100	pay 0.0100% / 8h	2h 07m	$3.0M	$410K	20x
Short	ApeX Omni DRAMUSDT	61.380	0.0100	get 0.0013% / 1h	7m 39s	$21K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.053%: −$6.93
Slippage, 4 orders: −$134.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$163.21
Costs to cover: 1.563%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 38 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 KuCoin live order book, 5 min ago	0.81 bp	55.6 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 38 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	−0.0495%	8h	61.440	+0.081%	$26.1M	$14.4M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.429	+0.064%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.470	+0.130%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.386	−0.006%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.400	+0.016%	$718	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.310	−0.130%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.400	+0.016%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0018%	8h	61.480	+0.147%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.287	−0.168%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.340	−0.081%	$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	61.370	−0.033%	—	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0049%	8h	61.460	+0.114%	$5.5M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.430	+0.065%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.369	−0.034%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.405	+0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.360	−0.049%	$1.1M	$3.4M	10x	as long as short
edgeX DRAMUSDC	+0.0060%	4h	61.358	−0.051%	$149K	$297K	20x	as long as short
Aster DRAMUSDT	+0.0066%	8h	61.477	+0.142%	$198K	$35K	20x	as long as short
Entropy io:DRAM	+0.0088%	1h	61.336	−0.088%	$169K	$469K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.382	−0.013%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTMlong	+0.0100%	8h	61.390	long leg	$3.0M	$410K	20x
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.380	−0.016%	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.390	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.395	+0.008%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0111%	8h	61.364	−0.042%	$2.3M	$670K	—	as long as short
Paradex DRAM-USD-PERP	+0.0125%	8h	61.417	+0.044%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0151%	1h	61.415	+0.041%	$79.6M	$36.1M	20x	as long as short
Binance DRAMUSDT	+0.0172%	8h	61.450	+0.098%	$43.9M	$86.9M	50x	as long as short
MEXC DRAM_USDT	+0.0172%	8h	61.430	+0.065%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0176%	1h	61.412	+0.037%	$76K	$188K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.456%	$525K	$75K	20x	as long as short
BloFin DRAM-USDT	+0.0185%	8h	61.450	+0.098%	$299K	$26K	20x	as long as short
Lighter DRAM	+0.0248%	1h	61.438	+0.078%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0402%	1h	61.390	0.000%	$13K	$3K	20x	as long as short