Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0133%/8h= −14.6% APRnext payment $1.33 per $10,000 · paid last 24h −0.005%
Price spread now: OKX against Bybit−0.064%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$320.324% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.026%+$3 on $10k
Price spread, last 7 days+0.070%+$7 · spread now −0.064%, 7d avg −0.015%
Together, before fees+0.096%+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.050% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit DRAMUSDT62.2100.0358pay 0.0358% / 8h6h 39m$9.6M$10.2M100x
ShortOKX DRAM-USDT-SWAP62.1700.0225get 0.0225% / 8h6h 39m$5.5M$4.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$27.96
Price spread: −0.064% → −0.015%
−$4.96
Slippage, 4 orders
−$11.41
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee OKX: 5 bp × 2 orders
−$10
Net
−$65.33
Costs to cover
0.324%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.80 bp6.9 bp −$713.0 bp −$130127.8 bp −$12.8Kdoesn't fit
Sell OKX live order book, 4 min ago0.80 bp7.5 bp −$816.3 bp −$163doesn't fitdoesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX DRAM-USDT0.0000%8h62.180−0.048%$890$2.9M10xas long as short
HTX DRAM-USDT0.0000%8h62.180−0.048%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h62.170−0.064%$1.7M$1.3M10xas long as short
edgeX DRAMUSDC+0.0009%4h62.195−0.025%$151K$295K20xas long as short
Aftermath Perps DRAMUSD+0.0034%1h62.161−0.079%$1K$34K5xas long as short
Arcus DRAM-USD+0.0040%1h62.170−0.064%$50K$82K10xas long as short
Vest DRAM-USD-PERP+0.0046%1h62.090−0.193%10xas long as short
QFEX DRAM-USD+0.0046%1h62.130−0.129%$1.0M$78K10xas long as short
Entropy io:DRAM+0.0050%1h62.143−0.108%$252K$434K25xas long as short
Polymarket Perps DRAM-USD+0.0050%1h62.122−0.141%$266K$1.3M10xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SoDEX DRAM-USD+0.0050%1h62.150−0.096%$2K$15K20xas long as short
Ondo Perps DRAM-USD.P+0.0050%1h62.160−0.080%$1.1M$1.8M10xas long as short
Pacifica DRAM+0.0100%1h62.117−0.150%$76K$43K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h62.130−0.129%$3.0M$406K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h62.2100.000%$22K$185K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h62.190−0.032%$9K10xas long as short
Aevo DRAM-PERP+0.0104%1h62.189−0.034%$4K10xas long as short
Lighter DRAM+0.0128%1h62.155−0.088%$965K$1.0M20xas long as short
Coinbase International DRAM-PERP-INTX+0.0152%1h62.130−0.129%$534K$93K20xas long as short
Paradex DRAM-USD-PERP+0.0187%8h62.132−0.125%5xas long as short
OKX DRAM-USDT-SWAPshort+0.0225%8h62.170−0.064%$5.5M$4.7M50x
tradeXYZ xyz:DRAM+0.0233%1h62.145−0.104%$81.8M$36.8M20xas long as short
Bybit DRAMUSDTlong+0.0358%8h62.210long leg$9.6M$10.2M100x
Bitget DRAMUSDT+0.0393%8h62.170−0.064%$26.0M$12.8M20xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0394%1h62.150−0.096%$13K$3K20xas long as short
Aster DRAMUSDT+0.0476%8h62.180−0.048%$200K$36K20xas long as short
GRVT DRAM_USDT_Perp+0.0544%8h62.212+0.003%$37K$152K10xas long as short
Variational Omni DRAM+0.0568%8h62.195−0.024%$2.4M$758Kas long as short
Gate DRAM_USDT+0.0599%8h62.190−0.032%$8.2M$3.4M75xas long as short
Extended DRAM-USD+0.0600%1h62.156−0.087%$75K$663K10xas long as short
Binance DRAMUSDT+0.0604%8h62.170−0.064%$44.6M$82.3M50xas long as short
MEXC DRAM_USDT+0.0605%8h62.170−0.064%$9.7M$5.9M100xas long as short
RISEx DRAM/USDC+0.0835%1h62.142−0.109%$448K$504K20xas long as short
BloFin DRAM-USDT+0.0951%8h62.380+0.273%$301K$26K20xas long as short