Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h −0.030%

Price spread now: Polymarket Perps against OKX−0.186%47s7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.302% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.217%+$22 · spread now −0.186%, 7d avg −0.078%

Together, before fees+0.197%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.108% cheaper against OKX than usual: you would sell low and buy high (spread −0.186% now, against its 7-day average of −0.078%). If the spread goes back, that is −$11 on $10k: about 26 days of funding at the current rate ($0 a day). The two prices were read 47 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	OKX DRAM-USDT-SWAP	61.300	0.0036	pay 0.0036% / 8h	1h 53m	$5.4M	$5.7M	50x
Short	Polymarket Perps DRAM-USD	61.186	0.0050	get 0.0006% / 1h	53m 32s	$254K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.186%Rate

Funding earned: $2.86
Price spread: −0.186% → −0.078%: −$10.8
Slippage, 4 orders: −$12.21
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$38.14
Costs to cover: 0.302%
Break-even: 100.3 days

Slippage from OKX: live order book, 4 min ago; Polymarket Perps: live order book, 5 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 OKX live order book, 4 min ago	0.81 bp	8.5 bp −$8	14.5 bp −$145	114.5 bp −$11.4K	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.96 bp	6.4 bp −$6	6.6 bp −$66	7.7 bp −$772	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
Bitget DRAMUSDT	−0.0441%	8h	61.290	−0.016%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.263	−0.060%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.254	−0.076%	$424K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.290	−0.016%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.360	+0.098%	$36K	$199K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.220	−0.131%	$834	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.200	−0.163%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.240	−0.098%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.240	−0.098%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.309	+0.014%	$1K	$31K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX DRAMUSDC	+0.0032%	4h	61.277	−0.038%	$149K	$297K	20x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0036%	8h	61.300	long leg	$5.4M	$5.7M	50x
Aster DRAMUSDT	+0.0037%	8h	61.247	−0.087%	$197K	$35K	20x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.260	−0.065%	$998K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.260	−0.065%	$48K	$69K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.210	−0.147%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.242	−0.095%	$169K	$468K	25x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	61.186	−0.186%	$254K	$1.3M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.230	−0.114%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.370	+0.114%	$1.1M	$3.4M	10x	as long as short
Lighter DRAM	+0.0056%	1h	61.240	−0.098%	$1.1M	$1.1M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0085%	1h	61.206	−0.153%	$79.3M	$35.8M	20x	as long as short
Variational Omni DRAM	+0.0091%	8h	61.274	−0.042%	$2.3M	$682K	—	as long as short
Pacifica DRAM	+0.0100%	1h	61.238	−0.102%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.200	−0.163%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.330	+0.049%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.220	−0.131%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.218	−0.134%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0107%	8h	61.219	−0.133%	—	—	5x	as long as short
Binance DRAMUSDT	+0.0141%	8h	61.226	−0.121%	$43.8M	$87.2M	50x	as long as short
MEXC DRAM_USDT	+0.0143%	8h	61.250	−0.082%	$8.0M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0144%	1h	61.231	−0.113%	$74K	$190K	10x	as long as short
BloFin DRAM-USDT	+0.0153%	8h	61.300	0.000%	$299K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.310%	$525K	$75K	20x	as long as short