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: Ondo Perps against Orderly−0.064%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Ondo Perps

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.064% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	62.380	0.0100	pay 0.0100% / 8h	6h 58m	$9K	—	10x
Short	Ondo Perps DRAM-USD.P	62.340	0.0050	get 0.0006% / 1h	58m 12s	$1.2M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Orderly. 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 OrderlybpFee Ondo PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$10.42
Price spread: −0.064% → 0.000%: −$6.41
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$27.83
Costs to cover: 0.110%
Break-even: never at this rate

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

Orderly and 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-USDT	0.0000%	8h	62.360	−0.032%	$781	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.440	+0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.310	−0.112%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0023%	4h	62.427	+0.075%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.379	−0.001%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	+0.032%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.080%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.330	−0.080%	$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	−0.050%	$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	−0.096%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	62.340	−0.064%	$1.2M	$1.8M	10x
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.340	−0.064%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.342	−0.061%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.370	−0.016%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.112%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	62.380	long leg	$9K	—	10x
Lighter DRAM	+0.0104%	1h	62.319	−0.098%	$968K	$1.0M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.356	−0.038%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.016%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0166%	1h	62.340	−0.064%	$82.1M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0228%	8h	62.368	−0.020%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0243%	8h	62.330	−0.080%	$5.5M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0430%	8h	62.370	−0.016%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0511%	8h	62.407	+0.043%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0576%	8h	62.350	−0.048%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0600%	8h	62.414	+0.055%	$2.4M	$751K	—	as long as short
Binance DRAMUSDT	+0.0638%	8h	62.337	−0.069%	$44.9M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0639%	8h	62.310	−0.112%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.336	−0.071%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0804%	8h	62.370	−0.016%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.368	−0.020%	$456K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0988%	8h	62.400	+0.032%	$300K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1063%	8h	62.440	+0.096%	$37K	$152K	10x	as long as short