Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0832%/8h= +91.2% APRpaid last 24h +0.068%

Price spread now: BloFin against ApeX Omni0.000%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1051.045% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now 0.000%, 7d avg −0.008%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DRAMUSDT	62.550	0.0100	pay 0.0013% / 1h	24m 49s	$22K	$186K	50x
Short	BloFin DRAM-USDT	62.550	0.0932	get 0.0932% / 8h	7h 24m	$299K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $174.82
Price spread: 0.000% → −0.008%: $0.77
Slippage, 4 orders: −$82.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $71.08
Costs to cover: 1.045%
Break-even: 4.2 days

Slippage from ApeX Omni: live order book, 46 min ago; BloFin: live order book, 42 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 ApeX Omni live order book, 46 min ago	30.67 bp	44.7 bp −$45	201.7 bp −$2,017	doesn't fit	doesn't fit
Sell BloFin live order book, 42 min ago	0.81 bp	10.2 bp −$10	16.2 bp −$162	62.0 bp −$6,196	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	62.550	0.000%	$1K	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.430	−0.192%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.550	0.000%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0011%	4h	62.503	−0.074%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	62.418	−0.211%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.480	−0.112%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.507	−0.069%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.538	−0.019%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	−0.160%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.496	−0.087%	$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	62.440	−0.176%	$3.0M	$431K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	62.550	long leg	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.550	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.540	−0.016%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.475	−0.120%	$971K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.520	−0.048%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.256%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0216%	8h	62.525	−0.039%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.500	−0.080%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0233%	8h	62.480	−0.112%	$5.5M	$4.6M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0245%	1h	62.472	−0.125%	$82.1M	$37.4M	20x	as long as short
Aster DRAMUSDT	+0.0426%	8h	62.399	−0.241%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0439%	8h	62.530	−0.032%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0492%	8h	62.500	−0.080%	$26.2M	$12.9M	20x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	−0.040%	$2.4M	$750K	—	as long as short
Entropy io:DRAM	+0.0540%	1h	62.389	−0.257%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0549%	8h	62.490	−0.096%	$9.8M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0552%	1h	62.516	−0.054%	$76K	$769K	10x	as long as short
Binance DRAMUSDT	+0.0553%	8h	62.480	−0.112%	$44.6M	$81.9M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.440	−0.176%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0767%	8h	62.550	0.000%	$8.3M	$3.5M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0910%	8h	62.542	−0.012%	$37K	$155K	10x	as long as short
BloFin DRAM-USDTshort	+0.0932%	8h	62.550	0.000%	$299K	$26K	20x
RISEx DRAM/USDC	+0.1096%	1h	62.529	−0.034%	$462K	$495K	20x	as long as short