Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against edgeX−0.056%114s7-day average −0.101% · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.175%−$18 · spread now −0.056%, 7d avg −0.101%

Together, before fees−0.159%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.046% dearer against edgeX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.101%. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	62.195	0.0009	pay 0.0005% / 4h	2h 39m	$151K	$295K	20x
Short	Ondo Perps DRAM-USD.P	62.160	0.0050	get 0.0006% / 1h	39m 47s	$1.1M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.056%Rate

Funding earned: $8.61
Price spread: −0.056% → −0.101%: $4.55
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$0.84
Costs to cover: 0.140%
Break-even: 7.7 days

Slippage unknown: edgeX: live order book, 28 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 edgeX live order book, 28 min ago	6.40 bp	11.0 bp −$11	18.8 bp −$188	doesn't fit	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
SunX DRAM-USDT	0.0000%	8h	62.150	−0.072%	$970	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	−0.023%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.160	−0.056%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDClong	+0.0009%	4h	62.195	long leg	$151K	$295K	20x
Aftermath Perps DRAMUSD	+0.0034%	1h	62.177	−0.028%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.170	−0.040%	$50K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.100	−0.152%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.130	−0.104%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.143	−0.083%	$252K	$434K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.125	−0.112%	$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	62.144	−0.081%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Pshort	+0.0050%	1h	62.160	−0.056%	$1.1M	$1.8M	10x
Pacifica DRAM	+0.0100%	1h	62.117	−0.125%	$76K	$43K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.120	−0.120%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	+0.025%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.180	−0.023%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.179	−0.026%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.127	−0.109%	$965K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.104%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0187%	8h	62.132	−0.100%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0225%	8h	62.150	−0.072%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0231%	1h	62.114	−0.130%	$81.7M	$36.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.140	−0.088%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0358%	8h	62.180	−0.023%	$9.6M	$10.2M	100x	as long as short
Bitget DRAMUSDT	+0.0393%	8h	62.150	−0.072%	$26.0M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0476%	8h	62.177	−0.028%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0568%	8h	62.195	+0.001%	$2.4M	$758K	—	as long as short
Binance DRAMUSDT	+0.0604%	8h	62.148	−0.074%	$44.5M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0605%	8h	62.140	−0.088%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0608%	1h	62.145	−0.079%	$75K	$663K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0608%	8h	62.242	+0.076%	$37K	$152K	10x	as long as short
Gate DRAM_USDT	+0.0614%	8h	62.180	−0.023%	$8.2M	$3.4M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.142	−0.084%	$448K	$504K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.298%	$301K	$26K	20x	as long as short