Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0311%/8h= +34.1% APRpaid last 24h +0.024%

Price spread now: Variational Omni against ApeX Omni−0.022%58s7-day average −0.021% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.040%−$4 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.022%, 7d avg −0.021%

Together, before fees−0.079%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.040% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DRAMUSDT	62.060	0.0100	pay 0.0013% / 1h	58m 30s	$22K	$186K	50x
Short	Variational Omni DRAM	62.047	0.0411	get 0.0411% / 8h	7h 58m	$2.4M	$948K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX Omni. 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.022%Rate

Funding earned: $65.39
Price spread: −0.022% → −0.021%: −$0.11
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $55.29
Costs to cover: 0.100%
Break-even: 1.1 days

Slippage unknown: ApeX Omni: live order book, 13 min ago; Variational Omni: RFQ quote, 1 min ago. 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 ApeX Omni live order book, 13 min ago	30.67 bp	44.7 bp −$45	201.7 bp −$2,017	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.09 bp	doesn't fit	6.8 bp −$68	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
Gate DRAM_USDT	0.0000%	8h	62.060	0.000%	$8.3M	$3.3M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.060	0.000%	$569	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.050	−0.016%	$1.8M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0026%	8h	62.060	0.000%	$9.4M	$10.6M	100x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	62.048	−0.019%	$154K	$291K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	62.022	−0.062%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	−0.226%	—	$797	10x	as long as short
tradeXYZ xyz:DRAM	+0.0050%	1h	62.011	−0.079%	$81.1M	$41.1M	20x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.008	−0.084%	$265K	$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	62.025	−0.056%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.930	−0.209%	$1.2M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.011	−0.079%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.960	−0.161%	$3.0M	$469K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	62.060	long leg	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	−0.145%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.023	−0.060%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.036	−0.039%	$975K	$1.1M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.000	−0.097%	$1.0M	$80K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.226%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0185%	8h	62.020	−0.064%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0197%	8h	62.020	−0.064%	$26.3M	$12.5M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0217%	8h	62.055	−0.008%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0311%	8h	62.072	+0.020%	$37K	$170K	10x	as long as short
Aster DRAMUSDT	+0.0318%	8h	62.010	−0.081%	$199K	$36K	20x	as long as short
Variational Omni DRAMshort	+0.0411%	8h	62.047	−0.022%	$2.4M	$948K	—
Entropy io:DRAM	+0.0446%	1h	62.003	−0.092%	$253K	$494K	25x	as long as short
Extended DRAM-USD	+0.0448%	1h	62.058	−0.003%	$78K	$764K	10x	as long as short
MEXC DRAM_USDT	+0.0450%	8h	62.010	−0.081%	$10.5M	$6.6M	100x	as long as short
Binance DRAMUSDT	+0.0453%	8h	62.040	−0.032%	$44.1M	$83.0M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.020	−0.064%	$50K	$86K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0719%	1h	61.960	−0.161%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0758%	8h	62.100	+0.064%	$295K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.060	0.000%	$457K	$475K	20x	as long as short