Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.002%

Price spread now: Bybit against ApeX Omni−0.129%49s7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as 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−$960.962% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.129%, 7d avg +0.001%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.130% cheaper against ApeX Omni than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.001%). Swap the legs. The two prices were read 49 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	ApeX Omni DRAMUSDT	60.600	0.0100	pay 0.0013% / 1h	40m 46s	$21K	$183K	50x
Short	Bybit DRAMUSDT	60.522	0	get 0.0000% / 8h	7h 40m	$9.6M	$10.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$21
Price spread: −0.129% → +0.001%: −$12.97
Slippage, 4 orders: −$75.18
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$130.15
Costs to cover: 0.962%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; Bybit: live order book, 2 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, 55 min ago	27.89 bp	40.7 bp −$41	213.0 bp −$2,130	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.83 bp	8.0 bp −$8	13.2 bp −$132	90.1 bp −$9,006	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
Bitget DRAMUSDT	−0.0676%	8h	60.540	−0.099%	$26.4M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.534	−0.109%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.500	−0.165%	$76K	$222K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.512	−0.146%	$43.4M	$89.6M	50x	as long as short
Bybit DRAMUSDTshort	0.0000%	8h	60.522	−0.129%	$9.6M	$10.4M	100x
RISEx DRAM/USDC	0.0000%	1h	60.526	−0.121%	$417K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.540	−0.099%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.500	−0.165%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.515	−0.140%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.580	−0.033%	$36K	$209K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.540	−0.099%	$895	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.500	−0.165%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.510	−0.149%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0004%	8h	60.540	−0.099%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0007%	8h	60.580	−0.033%	$299K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.530	−0.116%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.520	−0.132%	$47K	$66K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.500	−0.165%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.556	−0.073%	$177K	$474K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.470	−0.215%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.510	−0.149%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.510	−0.149%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.550	−0.083%	$986K	$85K	10x	as long as short
edgeX DRAMUSDC	+0.0055%	4h	60.582	−0.029%	$147K	$300K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0081%	1h	60.490	−0.182%	$12K	$3K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0086%	1h	60.475	−0.206%	$78.1M	$35.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0093%	8h	60.523	−0.126%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.469	−0.217%	$72K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.490	−0.182%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	60.600	long leg	$21K	$183K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.540	−0.099%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.505	−0.156%	$4K	—	10x	as long as short
Lighter DRAM	+0.0232%	1h	60.496	−0.172%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	−0.017%	$532K	$86K	20x	as long as short