Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.015%

Price spread now: ApeX Omni against OKX−0.016%90s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.987% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.016%, 7d avg +0.014%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.031% cheaper against OKX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.014%). If the spread goes back, that is −$3 on $10k: about 3.3 days of funding at the current rate (+$1 a day). The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	62.050	0.0069	pay 0.0069% / 8h	3h 41m	$5.4M	$4.6M	50x
Short	ApeX Omni DRAMUSDT	62.040	0.0100	get 0.0013% / 1h	41m 58s	$22K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now −0.016%Rate

Funding earned: $6.46
Price spread: −0.016% → +0.014%: −$3.06
Slippage, 4 orders: −$78.65
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$95.25
Costs to cover: 0.987%
Break-even: 110.3 days

Slippage from OKX: live order book, 1 min ago; ApeX Omni: live order book, 9 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 OKX live order book, 1 min ago	0.81 bp	7.9 bp −$8	15.1 bp −$151	103.8 bp −$10.4K	doesn't fit
Sell ApeX Omni live order book, 9 min ago	22.53 bp	47.7 bp −$48	208.6 bp −$2,086	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
RISEx DRAM/USDC	0.0000%	1h	62.037	−0.021%	$437K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.060	+0.016%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.020	−0.048%	$36K	$182K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.050	0.000%	$738	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.060	+0.016%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.053%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.016	−0.054%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.040	−0.016%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.010	−0.064%	$48K	$77K	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	62.010	−0.064%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.020	−0.048%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.019	−0.050%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.029	−0.034%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	−0.081%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0069%	8h	62.050	long leg	$5.4M	$4.6M	50x
Paradex DRAM-USD-PERP	+0.0082%	8h	62.030	−0.032%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.048	−0.003%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.020	−0.048%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.040	−0.016%	$22K	$184K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.040	−0.016%	$9K	—	10x	as long as short
Bybit DRAMUSDT	+0.0100%	8h	62.060	+0.016%	$9.7M	$9.7M	100x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.036	−0.022%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.097%	$533K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0138%	1h	62.020	−0.048%	$81.1M	$35.6M	20x	as long as short
Lighter DRAM	+0.0152%	1h	62.055	+0.008%	$1.0M	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0180%	8h	62.040	−0.016%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.007%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0275%	8h	62.020	−0.048%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0294%	8h	62.040	−0.016%	$44.5M	$80.6M	50x	as long as short
MEXC DRAM_USDT	+0.0295%	8h	62.030	−0.032%	$8.2M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0296%	1h	62.022	−0.045%	$76K	$657K	10x	as long as short
Gate DRAM_USDT	+0.0538%	8h	62.080	+0.048%	$8.1M	$3.5M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0557%	1h	62.040	−0.016%	$13K	$3K	20x	as long as short