Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRpaid last 24h +0.041%

Price spread now: MEXC against ApeX Omni−0.049%51s7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as 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−$840.842% of the position

Long on ApeX Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.049%, 7d avg −0.024%

Together, before fees−0.112%−$11 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 MEXC is 0.025% cheaper against ApeX Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.024%). Swap the legs. The two prices were read 51 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	60.890	0.0100	pay 0.0013% / 1h	2m 37s	$21K	$183K	50x
Short	MEXC DRAM_USDT	60.860	0.0010	get 0.0010% / 8h	2m 37s	$8.4M	$5.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$18.9
Price spread: −0.049% → −0.024%: −$2.55
Slippage, 4 orders: −$74.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$105.63
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; MEXC: live order book, 5 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, 33 min ago	27.89 bp	40.7 bp −$41	213.0 bp −$2,130	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.82 bp	0.8 bp −$1	0.8 bp −$8	5.8 bp −$578	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	−0.0764%	8h	60.910	+0.033%	$26.6M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.863	−0.044%	$195K	$39K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.845	−0.074%	$421K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.910	+0.033%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.867	−0.038%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.888	−0.003%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.880	−0.016%	$841	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.840	−0.082%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.880	−0.016%	$1.7M	$1.3M	10x	as long as short
Extended DRAM-USD	+0.0008%	1h	60.845	−0.073%	$74K	$198K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDTshort	+0.0010%	8h	60.860	−0.049%	$8.4M	$5.7M	100x
Binance DRAMUSDT	+0.0010%	8h	60.850	−0.066%	$43.8M	$89.0M	50x	as long as short
OKX DRAM-USDT-SWAP	+0.0013%	8h	60.880	−0.016%	$5.4M	$6.0M	50x	as long as short
Bybit DRAMUSDT	+0.0021%	8h	60.877	−0.021%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.857	−0.054%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.840	−0.082%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.850	−0.066%	$991K	$84K	10x	as long as short
BloFin DRAM-USDT	+0.0041%	8h	60.890	0.000%	$298K	$26K	20x	as long as short
edgeX DRAMUSDC	+0.0045%	4h	60.863	−0.044%	$148K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.830	−0.099%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.824	−0.108%	$179K	$479K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.833	−0.094%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.859	−0.051%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.820	−0.115%	$1.1M	$3.5M	10x	as long as short
Paradex DRAM-USD-PERP	+0.0092%	8h	60.839	−0.083%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.868	−0.035%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.840	−0.082%	$3.0M	$419K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	60.890	long leg	$21K	$183K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.860	−0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.852	−0.062%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.082%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0183%	1h	60.834	−0.092%	$78.8M	$35.7M	20x	as long as short
Lighter DRAM	+0.0344%	1h	60.849	−0.067%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0408%	1h	60.850	−0.066%	$13K	$3K	20x	as long as short