Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h −0.028%

Price spread now: Ondo Perps against Aster−0.123%7-day average −0.106% · you buy dearer than you sell

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

Long on Aster Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.123%, 7d avg −0.106%

Together, before fees+0.044%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.106%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	61.235	0.0026	pay 0.0026% / 8h	1h 46m	$197K	$35K	20x
Short	Ondo Perps DRAM-USD.P	61.160	0.0050	get 0.0006% / 1h	46m 03s	$1.1M	$3.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now −0.123%Rate

Funding earned: $5.16
Price spread: −0.123% → −0.106%: −$1.72
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$9.55
Costs to cover: 0.130%
Break-even: 20.0 days

Slippage unknown: Aster: live order book, 60 min ago; 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 Aster live order book, 60 min ago	3.24 bp	13.6 bp −$14	37.4 bp −$374	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Bitget DRAMUSDT	−0.0463%	8h	61.240	+0.008%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.223	−0.020%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.206	−0.048%	$424K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.230	−0.009%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.270	+0.057%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.180	−0.090%	$748	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.180	−0.090%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.170	−0.107%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.190	−0.074%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	61.298	+0.103%	$149K	$299K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster DRAMUSDTlong	+0.0026%	8h	61.235	long leg	$197K	$35K	20x
Aftermath Perps DRAMUSD	+0.0028%	1h	61.226	−0.015%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0029%	8h	61.200	−0.058%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.200	−0.058%	$997K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.220	−0.025%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.200	−0.058%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.212	−0.038%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.187	−0.079%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.201	−0.056%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.160	−0.123%	$1.1M	$3.4M	10x
Variational Omni DRAM	+0.0083%	8h	61.275	+0.065%	$2.3M	$682K	—	as long as short
tradeXYZ xyz:DRAM	+0.0093%	1h	61.173	−0.102%	$79.2M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.214	−0.034%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.200	−0.058%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.280	+0.073%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.200	−0.058%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.180	−0.091%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0104%	8h	61.200	−0.058%	—	—	5x	as long as short
Lighter DRAM	+0.0112%	1h	61.194	−0.067%	$1.1M	$1.2M	20x	as long as short
Extended DRAM-USD	+0.0128%	1h	61.198	−0.061%	$74K	$190K	10x	as long as short
BloFin DRAM-USDT	+0.0129%	8h	61.290	+0.089%	$302K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0130%	8h	61.206	−0.048%	$43.8M	$87.4M	50x	as long as short
MEXC DRAM_USDT	+0.0131%	8h	61.210	−0.041%	$8.0M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.205%	$525K	$75K	20x	as long as short