Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.023%

Price spread now: Ondo Perps against MEXC−0.065%7-day average −0.101% · you buy dearer than you sell

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

Long on MEXC Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days−0.125%−$12 · spread now −0.065%, 7d avg −0.101%

Together, before fees−0.186%+ Points / potential airdropOndo Perps: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.036% dearer against MEXC than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.101%): +$4 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.062% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DRAM_USDT	61.940	0.0421	pay 0.0421% / 8h	12m 31s	$11.2M	$6.5M	100x
Short	Ondo Perps DRAM-USD.P	61.900	0.0050	get 0.0006% / 1h	12m 31s	$1.2M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against MEXC. 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 MEXCbpFee Ondo PerpsbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$77.83
Price spread: −0.065% → −0.101%: $3.61
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$79.22
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 6 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 MEXC live order book, 6 min ago	0.81 bp	0.8 bp −$1	0.8 bp −$8	5.3 bp −$530	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
Gate DRAM_USDT	0.0000%	8h	61.960	+0.032%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.950	+0.016%	$742	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	−0.210%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	61.933	−0.012%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.113%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.906	−0.055%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.917	−0.037%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.900	−0.065%	$1.2M	$1.8M	10x
edgeX DRAMUSDC	+0.0071%	4h	61.953	+0.020%	$153K	$291K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.950	+0.016%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.905	−0.057%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.930	−0.016%	$3.0M	$471K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.970	+0.048%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.950	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.957	+0.028%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0178%	8h	61.970	+0.048%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0185%	8h	61.950	+0.016%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.581%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0216%	8h	61.953	+0.021%	—	—	5x	as long as short
Lighter DRAM	+0.0240%	1h	61.955	+0.024%	$961K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0286%	8h	61.989	+0.080%	$36K	$171K	10x	as long as short
Aster DRAMUSDT	+0.0288%	8h	61.962	+0.035%	$199K	$36K	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.953	+0.021%	$456K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0301%	8h	61.980	+0.065%	$9.3M	$10.5M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0316%	1h	61.951	+0.018%	$80.6M	$40.1M	20x	as long as short
Entropy io:DRAM	+0.0331%	1h	61.903	−0.060%	$255K	$494K	25x	as long as short
Variational Omni DRAM	+0.0371%	8h	61.986	+0.074%	$2.4M	$953K	—	as long as short
MEXC DRAM_USDTlong	+0.0421%	8h	61.940	long leg	$11.2M	$6.5M	100x
Extended DRAM-USD	+0.0424%	1h	61.928	−0.019%	$78K	$768K	10x	as long as short
Binance DRAMUSDT	+0.0425%	8h	61.940	0.000%	$43.6M	$82.4M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.930	−0.016%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.940	0.000%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0699%	8h	61.950	+0.016%	$295K	$27K	20x	as long as short