Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0366%/8h= −40.1% APRpaid last 24h +0.010%

Price spread now: ApeX Omni against Bitget−0.240%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1011.014% of the position

Long on Bitget Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.273%+$27 · spread now −0.240%, 7d avg −0.002%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and ApeX Omni is 0.238% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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	Bitget DRAMUSDT	62.540	0.0466	pay 0.0466% / 8h	7h 26m	$26.3M	$12.9M	20x
Short	ApeX Omni DRAMUSDT	62.390	0.0100	get 0.0013% / 1h	26m 42s	$22K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bitget. 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 BitgetbpFee ApeX OmnibpOrdersPrice spread, now −0.240%Rate

Funding earned: −$76.86
Price spread: −0.240% → −0.002%: −$23.77
Slippage, 4 orders: −$79.39
Fee Bitget: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$202.02
Costs to cover: 1.014%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; ApeX Omni: live order book, 44 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 Bitget live order book, 2 min ago	0.80 bp	7.4 bp −$7	13.2 bp −$132	22.2 bp −$2,220	66.1 bp −$33.0K
Sell ApeX Omni live order book, 44 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	62.550	+0.016%	$679	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.430	−0.176%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.540	0.000%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0027%	4h	62.341	−0.318%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.352	−0.300%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.470	−0.112%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.516	−0.038%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.498	−0.067%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.370	−0.272%	$1.1M	$1.9M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.530	−0.016%	$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	62.477	−0.101%	$76K	$41K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.450	−0.144%	$3.0M	$431K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.390	−0.240%	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.550	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.535	−0.008%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.539	−0.002%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.510	−0.048%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.240%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0214%	8h	62.533	−0.012%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0232%	8h	62.540	0.000%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0252%	1h	62.525	−0.024%	$82.1M	$39.5M	20x	as long as short
Aster DRAMUSDT	+0.0410%	8h	62.401	−0.223%	$201K	$36K	20x	as long as short
Bitget DRAMUSDTlong	+0.0466%	8h	62.540	long leg	$26.3M	$12.9M	20x
Bybit DRAMUSDT	+0.0473%	8h	62.580	+0.064%	$9.6M	$10.5M	100x	as long as short
Variational Omni DRAM	+0.0481%	8h	62.305	−0.375%	$2.4M	$751K	—	as long as short
Entropy io:DRAM	+0.0523%	1h	62.373	−0.267%	$254K	$463K	25x	as long as short
Extended DRAM-USD	+0.0536%	1h	62.528	−0.019%	$75K	$769K	10x	as long as short
MEXC DRAM_USDT	+0.0537%	8h	62.530	−0.016%	$9.8M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0544%	8h	62.530	−0.016%	$44.7M	$81.8M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.350	−0.304%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0753%	8h	62.550	+0.016%	$8.3M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0771%	8h	62.312	−0.365%	$37K	$157K	10x	as long as short
BloFin DRAM-USDT	+0.0922%	8h	62.550	+0.016%	$299K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.506	−0.055%	$462K	$495K	20x	as long as short