Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8hnext payment +$1.20 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against OKX−0.032%83s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as 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−$320.321% of the position

Long on OKX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.032%, 7d avg 0.000%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.032% cheaper against OKX than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of 0.000%). If the spread goes back, that is −$3 on $10k: about 21 hours of funding at the current rate (+$4 a day). The two prices were read 83 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	61.730	0	get 0.0000% / 8h	4h 21m	$5.4M	$4.8M	50x
Short	BloFin DRAM-USDT	61.710	0.0120	get 0.0120% / 8h	4h 21m	$299K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.032%Rate

Funding earned: $25.2
Price spread: −0.032% → 0.000%: −$3.2
Slippage, 4 orders: −$10.08
Fee OKX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.08
Costs to cover: 0.321%
Break-even: 9.8 days

Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 7 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, 5 min ago	0.81 bp	6.9 bp −$7	15.0 bp −$150	63.3 bp −$6,329	doesn't fit
Sell BloFin live order book, 7 min ago	0.81 bp	9.4 bp −$9	11.1 bp −$111	36.6 bp −$3,657	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
Aster DRAMUSDT	0.0000%	8h	61.716	−0.023%	$202K	$28K	20x	as long as short
OKX DRAM-USDT-SWAPlong	0.0000%	8h	61.730	long leg	$5.4M	$4.8M	50x
RISEx DRAM/USDC	0.0000%	1h	61.706	−0.040%	$447K	$426K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.750	+0.032%	$8.2M	$3.4M	75x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.740	+0.016%	$25.9M	$11.9M	20x	as long as short
Variational Omni DRAM	0.0000%	8h	61.695	−0.057%	$2.4M	$990K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.733	+0.004%	$35K	$184K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	−0.032%	$794	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.710	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	−0.016%	$1.8M	$1.2M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDT	+0.0002%	8h	61.720	−0.016%	$11.7M	$6.3M	100x	as long as short
Binance DRAMUSDT	+0.0006%	8h	61.756	+0.043%	$43.3M	$78.6M	50x	as long as short
Extended DRAM-USD	+0.0008%	1h	61.728	−0.004%	$74K	$712K	10x	as long as short
QFEX DRAM-USD	+0.0038%	1h	61.700	−0.049%	$1.0M	$62K	10x	as long as short
edgeX DRAMUSDC	+0.0045%	4h	61.727	−0.005%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.130%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.696	−0.055%	$194K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.715	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.146%	$1.2M	$1.7M	10x	as long as short
Bybit DRAMUSDT	+0.0087%	8h	61.770	+0.065%	$9.1M	$9.7M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.709	−0.034%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	−0.016%	$3.0M	$460K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.730	0.000%	$22K	$179K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.715	−0.024%	$4K	—	10x	as long as short
BloFin DRAM-USDTshort	+0.0120%	8h	61.710	−0.032%	$299K	$26K	20x
Paradex DRAM-USD-PERP	+0.0127%	8h	61.702	−0.045%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0144%	1h	61.370	−0.583%	$508K	$41K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0220%	1h	61.702	−0.046%	$1K	$36K	5x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	61.723	−0.011%	$79.3M	$37.3M	20x	as long as short
Lighter DRAM	+0.0280%	1h	61.761	+0.050%	$995K	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0341%	1h	61.706	−0.039%	$244K	$506K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.710	−0.032%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0404%	1h	61.690	−0.065%	$50K	$99K	10x	as long as short