Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0258%/8h= −28.3% APRpaid last 24h −0.020%

Price spread now: ApeX Omni against Bybit+0.016%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1001.003% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now +0.016%, 7d avg −0.002%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.104%, 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 0.104% in total (about 5.4% 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	Bybit DRAMUSDT	62.200	0.0358	pay 0.0358% / 8h	6h 39m	$9.6M	$10.2M	100x
Short	ApeX Omni DRAMUSDT	62.210	0.0100	get 0.0013% / 1h	39m 18s	$22K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.016%Rate

Funding earned: −$54.19
Price spread: +0.016% → −0.002%: $1.82
Slippage, 4 orders: −$79.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$152.68
Costs to cover: 1.003%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; ApeX Omni: live order book, 27 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 Bybit live order book, 4 min ago	0.80 bp	6.9 bp −$7	13.0 bp −$130	127.8 bp −$12.8K	doesn't fit
Sell ApeX Omni live order book, 27 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	62.180	−0.032%	$890	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.160	−0.064%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0009%	4h	62.195	−0.009%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.161	−0.063%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.170	−0.048%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.090	−0.177%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.130	−0.113%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.143	−0.092%	$252K	$434K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.122	−0.125%	$266K	$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	62.150	−0.080%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.064%	$1.1M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.117	−0.134%	$76K	$43K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.120	−0.129%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.210	+0.016%	$22K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.190	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.189	−0.018%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.127	−0.117%	$965K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.113%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0187%	8h	62.132	−0.109%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0225%	8h	62.170	−0.048%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0232%	1h	62.122	−0.125%	$81.8M	$36.8M	20x	as long as short
Bybit DRAMUSDTlong	+0.0358%	8h	62.200	long leg	$9.6M	$10.2M	100x
Bitget DRAMUSDT	+0.0393%	8h	62.160	−0.064%	$26.0M	$12.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.150	−0.080%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0476%	8h	62.162	−0.061%	$200K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0544%	8h	62.212	+0.019%	$37K	$152K	10x	as long as short
Variational Omni DRAM	+0.0568%	8h	62.195	−0.007%	$2.4M	$758K	—	as long as short
Gate DRAM_USDT	+0.0599%	8h	62.180	−0.032%	$8.2M	$3.4M	75x	as long as short
Extended DRAM-USD	+0.0600%	1h	62.150	−0.081%	$75K	$663K	10x	as long as short
Binance DRAMUSDT	+0.0604%	8h	62.167	−0.053%	$44.6M	$82.3M	50x	as long as short
MEXC DRAM_USDT	+0.0605%	8h	62.140	−0.096%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.142	−0.092%	$448K	$504K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.289%	$301K	$26K	20x	as long as short