Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex+0.176%77s7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as 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−$1761.761% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 3 days (all we have)−0.146%−$15 · spread now +0.176%, 7d avg +0.011%

Together, before fees+0.059%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.165% dearer against Phemex than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.011%. The two prices were read 77 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	Phemex DRAMUSDT	62.440	0	get 0.0000% / 8h	7h 23m	$1.8M	$1.3M	10x
Short	ApeX Omni DRAMUSDT	62.550	0.0100	get 0.0013% / 1h	23m 46s	$22K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.176%Rate

Funding earned: $21
Price spread: +0.176% → +0.011%: $16.49
Slippage, 4 orders: −$154.09
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$138.59
Costs to cover: 1.761%
Break-even: 53.2 days

Slippage from Phemex: live order book, 4 min ago; ApeX Omni: live order book, 47 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 Phemex live order book, 4 min ago	1.60 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 47 min ago	30.67 bp	41.1 bp −$41	209.2 bp −$2,092	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
SunX DRAM-USDT	0.0000%	8h	62.470	+0.048%	$717	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.410	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.440	long leg	$1.8M	$1.3M	10x
edgeX DRAMUSDC	+0.0011%	4h	62.503	+0.102%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.436	−0.007%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.440	0.000%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.450	+0.016%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.436	−0.006%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	+0.016%	$1.1M	$1.9M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.460	+0.032%	$13K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.496	+0.089%	$76K	$41K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.048%	$3.0M	$426K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.550	+0.176%	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.500	+0.096%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.469	+0.047%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.429	−0.018%	$971K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.440	0.000%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.080%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.512	+0.115%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0234%	8h	62.490	+0.080%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0242%	1h	62.456	+0.026%	$82.1M	$37.4M	20x	as long as short
Aster DRAMUSDT	+0.0426%	8h	62.355	−0.137%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0439%	8h	62.530	+0.144%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0504%	8h	62.450	+0.016%	$26.2M	$12.9M	20x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	+0.136%	$2.4M	$750K	—	as long as short
Entropy io:DRAM	+0.0540%	1h	62.389	−0.082%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0549%	8h	62.440	0.000%	$9.7M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0552%	1h	62.436	−0.006%	$76K	$769K	10x	as long as short
Binance DRAMUSDT	+0.0553%	8h	62.472	+0.052%	$44.7M	$82.0M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.460	+0.032%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0750%	8h	62.460	+0.032%	$8.3M	$3.5M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0910%	8h	62.542	+0.164%	$37K	$155K	10x	as long as short
BloFin DRAM-USDT	+0.0932%	8h	62.550	+0.176%	$299K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.460	+0.032%	$461K	$495K	20x	as long as short