Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0888%/8h= −97.3% APRpaid last 24h −0.068%

Price spread now: ApeX Omni against BloFin+0.080%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$1031.034% of the position

Long on BloFin Short on ApeX Omni

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)−0.060%−$6 · spread now +0.080%, 7d avg +0.008%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.072% dearer against BloFin than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of +0.008%): +$7 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 7 hours.

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	BloFin DRAM-USDT	62.400	0.0988	pay 0.0988% / 8h	6h 58m	$300K	$26K	20x
Short	ApeX Omni DRAMUSDT	62.450	0.0100	get 0.0013% / 1h	58m 14s	$22K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.080%Rate

Funding earned: −$186.51
Price spread: +0.080% → +0.008%: $7.24
Slippage, 4 orders: −$81.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$282.64
Costs to cover: 1.034%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; ApeX Omni: live order book, 8 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 BloFin live order book, 3 min ago	1.60 bp	10.8 bp −$11	15.2 bp −$152	48.0 bp −$4,796	doesn't fit
Sell ApeX Omni live order book, 8 min ago	30.40 bp	41.3 bp −$41	215.8 bp −$2,158	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	62.360	−0.064%	$781	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.440	+0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.310	−0.144%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0023%	4h	62.427	+0.043%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.379	−0.033%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	0.000%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.112%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.330	−0.112%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.360	−0.064%	$254K	$449K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.349	−0.082%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.320	−0.128%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.340	−0.096%	$1.2M	$1.8M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.340	−0.096%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.342	−0.093%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.370	−0.048%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.450	+0.080%	$22K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.380	−0.032%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.319	−0.130%	$968K	$1.0M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.356	−0.070%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	−0.016%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0166%	1h	62.340	−0.096%	$82.1M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0228%	8h	62.368	−0.052%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0243%	8h	62.330	−0.112%	$5.5M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0430%	8h	62.370	−0.048%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0511%	8h	62.407	+0.011%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0576%	8h	62.350	−0.080%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0600%	8h	62.414	+0.023%	$2.4M	$751K	—	as long as short
Binance DRAMUSDT	+0.0638%	8h	62.337	−0.101%	$44.9M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0639%	8h	62.310	−0.144%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.336	−0.103%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0804%	8h	62.370	−0.048%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.368	−0.052%	$456K	$501K	20x	as long as short
BloFin DRAM-USDTlong	+0.0988%	8h	62.400	long leg	$300K	$26K	20x
GRVT DRAM_USDT_Perp	+0.1063%	8h	62.440	+0.064%	$37K	$152K	10x	as long as short