Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Phemex+0.065%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1791.789% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.065%, 7d avg +0.012%

Together, before fees+0.173%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.053% dearer against Phemex than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.600	0	get 0.0000% / 8h	2h 45m	$1.7M	$1.3M	10x
Short	ApeX Omni DRAMUSDT	61.640	0.0100	get 0.0013% / 1h	45m 01s	$22K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.065%Rate

Funding earned: $21
Price spread: +0.065% → +0.012%: $5.32
Slippage, 4 orders: −$156.94
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$152.62
Costs to cover: 1.789%
Break-even: 57.9 days

Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 1 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 Phemex live order book, 3 min ago	4.06 bp	62.9 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 1 min ago	27.58 bp	38.6 bp −$39	199.9 bp −$1,999	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
RISEx DRAM/USDC	0.0000%	1h	61.636	+0.059%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.600	0.000%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.600	0.000%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.610	+0.016%	$795	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.600	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.600	long leg	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0003%	4h	61.594	−0.010%	$149K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.626	+0.041%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.610	+0.016%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.600	0.000%	—	—	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	61.630	+0.049%	$1.0M	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.600	0.000%	$170K	$466K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.619	+0.031%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.605	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.590	−0.016%	$1.1M	$2.6M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0052%	8h	61.610	+0.016%	$5.4M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0053%	8h	61.610	+0.016%	$9.5M	$10.0M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.620	+0.032%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0097%	8h	61.587	−0.020%	$198K	$35K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.602	+0.003%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.600	0.000%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.640	+0.065%	$22K	$184K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	+0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.610	+0.016%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0109%	8h	61.629	+0.046%	—	—	5x	as long as short
Variational Omni DRAM	+0.0157%	8h	61.624	+0.039%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.146%	$528K	$74K	20x	as long as short
Extended DRAM-USD	+0.0208%	1h	61.614	+0.022%	$74K	$238K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0208%	1h	61.565	−0.057%	$80.0M	$35.6M	20x	as long as short
MEXC DRAM_USDT	+0.0210%	8h	61.590	−0.016%	$9.0M	$5.5M	100x	as long as short
Binance DRAMUSDT	+0.0210%	8h	61.580	−0.032%	$44.2M	$83.4M	50x	as long as short
BloFin DRAM-USDT	+0.0214%	8h	61.630	+0.049%	$300K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0231%	8h	61.660	+0.097%	$8.1M	$3.6M	75x	as long as short
Lighter DRAM	+0.0232%	1h	61.613	+0.021%	$1.1M	$1.2M	20x	as long as short