Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps+0.032%7-day average +0.104% · you sell dearer than you buy

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

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now +0.032%, 7d avg +0.104%

Together, before fees−0.080%+ Points / potential airdropOndo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.072% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.104%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	62.510	0.0050	pay 0.0006% / 1h	21m 37s	$1.1M	$1.9M	10x
Short	SunX DRAM-USDT	62.530	0	get 0.0000% / 8h	7h 21m	$671	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$10.58
Price spread: +0.032% → +0.104%: −$7.16
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$30.74
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 6 min ago. 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 SunX live order book, 6 min ago	45.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
SunX DRAM-USDTshort	0.0000%	8h	62.530	+0.032%	$671	$3.0M	10x
HTX DRAM-USDT	0.0000%	8h	62.410	−0.160%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.560	+0.080%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	62.441	−0.110%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.530	+0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.566	+0.090%	$268K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.545	+0.056%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	62.510	long leg	$1.1M	$1.9M	10x
edgeX DRAMUSDC	+0.0098%	4h	62.468	−0.067%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.586	+0.121%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.510	0.000%	$3.0M	$425K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	−0.096%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.590	+0.128%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.582	+0.115%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.570	+0.096%	$973K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.580	+0.112%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.192%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0224%	8h	62.578	+0.108%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.550	+0.064%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0236%	8h	62.610	+0.160%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0242%	1h	62.552	+0.067%	$82.2M	$37.5M	20x	as long as short
Aster DRAMUSDT	+0.0442%	8h	62.484	−0.042%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0445%	8h	62.630	+0.192%	$9.6M	$10.5M	100x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	+0.023%	$2.4M	$750K	—	as long as short
Bitget DRAMUSDT	+0.0529%	8h	62.590	+0.128%	$26.2M	$12.9M	20x	as long as short
Entropy io:DRAM	+0.0545%	1h	62.451	−0.094%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0564%	8h	62.580	+0.112%	$9.8M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0566%	8h	62.593	+0.133%	$44.7M	$82.2M	50x	as long as short
Extended DRAM-USD	+0.0568%	1h	62.571	+0.097%	$76K	$719K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.490	−0.032%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0777%	8h	62.600	+0.144%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0935%	8h	62.440	−0.112%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1008%	8h	62.540	+0.048%	$37K	$156K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.584	+0.118%	$462K	$494K	20x	as long as short