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= +5.4% APRpaid last 24h +0.015%

Price spread now: Orderly against Ondo Perps+0.064%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Orderly

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.064% dearer against Ondo Perps than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	62.340	0.0050	pay 0.0006% / 1h	57m 49s	$1.2M	$1.8M	10x
Short	Orderly PERP_DRAM_USDC_mythos	62.380	0.0100	get 0.0100% / 8h	6h 57m	$9K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Ondo Perps. 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 Ondo PerpsbpFee OrderlybpOrdersPrice spread, now +0.064%Rate

Funding earned: $10.42
Price spread: +0.064% → 0.000%: $6.42
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $5.83
Costs to cover: 0.110%
Break-even: 3.1 days

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

Ondo Perps and Orderly: 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	62.360	+0.032%	$781	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.440	+0.160%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.310	−0.048%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0023%	4h	62.427	+0.139%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.379	+0.063%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	+0.096%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.016%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.330	−0.016%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.360	+0.032%	$254K	$449K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.349	+0.014%	$267K	$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	62.320	−0.032%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	62.340	long leg	$1.2M	$1.8M	10x
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.340	0.000%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.342	+0.003%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.320	−0.032%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.176%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	62.380	+0.064%	$9K	—	10x
Lighter DRAM	+0.0104%	1h	62.319	−0.034%	$968K	$1.0M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.356	+0.026%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.080%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0157%	1h	62.316	−0.038%	$82.1M	$37.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0228%	8h	62.368	+0.045%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0243%	8h	62.330	−0.016%	$5.5M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0430%	8h	62.375	+0.056%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0511%	8h	62.383	+0.068%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0576%	8h	62.330	−0.016%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0600%	8h	62.414	+0.119%	$2.4M	$751K	—	as long as short
Binance DRAMUSDT	+0.0638%	8h	62.333	−0.011%	$44.9M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0639%	8h	62.320	−0.032%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.317	−0.037%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0804%	8h	62.350	+0.016%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.368	+0.045%	$456K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0988%	8h	62.400	+0.096%	$300K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1063%	8h	62.440	+0.160%	$37K	$152K	10x	as long as short