Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0002%/8h= −0.3% APRpaid last 24h −0.035%

Price spread now: Ondo Perps against Bybit−0.105%7-day average −0.118% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.055%+$5 · spread now −0.105%, 7d avg −0.118%

Together, before fees+0.074%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.615	0.0053	pay 0.0053% / 8h	2h 47m	$9.5M	$10.0M	100x
Short	Ondo Perps DRAM-USD.P	61.550	0.0050	get 0.0006% / 1h	47m 16s	$1.1M	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$0.49
Price spread: −0.105% → −0.118%: $1.21
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$15.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.81 bp	7.1 bp −$7	11.9 bp −$119	134.2 bp −$13.4K	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
RISEx DRAM/USDC	0.0000%	1h	61.609	−0.009%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.610	−0.008%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.731	+0.188%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.670	+0.089%	$685	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.580	−0.057%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	+0.122%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.580	−0.057%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.608	−0.012%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.630	+0.024%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.600	−0.024%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0050%	1h	61.620	+0.008%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.587	−0.045%	$258K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.601	−0.023%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	61.550	−0.105%	$1.1M	$2.6M	10x
Bybit DRAMUSDTlong	+0.0053%	8h	61.615	long leg	$9.5M	$10.0M	100x
OKX DRAM-USDT-SWAP	+0.0053%	8h	61.600	−0.024%	$5.4M	$4.7M	50x	as long as short
Entropy io:DRAM	+0.0054%	1h	61.607	−0.013%	$170K	$466K	25x	as long as short
edgeX DRAMUSDC	+0.0091%	4h	61.666	+0.083%	$149K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.602	−0.022%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	−0.057%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.154%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.610	−0.008%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0102%	8h	61.602	−0.021%	$198K	$35K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.595	−0.033%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.610	−0.008%	—	—	5x	as long as short
Variational Omni DRAM	+0.0167%	8h	61.714	+0.161%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.170%	$528K	$74K	20x	as long as short
Binance DRAMUSDT	+0.0213%	8h	61.591	−0.040%	$44.2M	$83.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0215%	1h	61.569	−0.075%	$80.0M	$35.6M	20x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.573	−0.068%	$74K	$238K	10x	as long as short
MEXC DRAM_USDT	+0.0217%	8h	61.600	−0.024%	$9.0M	$5.5M	100x	as long as short
BloFin DRAM-USDT	+0.0224%	8h	61.680	+0.105%	$300K	$26K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.608	−0.011%	$1.1M	$1.2M	20x	as long as short
Gate DRAM_USDT	+0.0240%	8h	61.640	+0.041%	$8.1M	$3.6M	75x	as long as short