Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.004%

Price spread now: Variational Omni against Entropy+0.048%7-day average +0.008% · you sell dearer than you buy

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

Long on Entropy Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.048%, 7d avg +0.008%

Together, before fees−0.041%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.040% dearer against Entropy than usual: you sell high and buy low (spread +0.048% now, against its 7-day average of +0.008%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.553	0.0193	pay 0.0024% / 1h	32m 01s	$249K	$503K	25x
Short	Variational Omni DRAM	61.583	0.0160	get 0.0160% / 8h	2h 32m	$2.4M	$999K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Entropy. 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 EntropybpFee Variational OmnibpOrdersPrice spread, now +0.048%Rate

Funding earned: −$7.1
Price spread: +0.048% → +0.008%: $4.01
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$21.09
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 46 min ago; Variational Omni: RFQ quote, 2 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 Entropy live order book, 46 min ago	1.87 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	3.11 bp	doesn't fit	5.5 bp −$55	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	61.610	+0.093%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.600	+0.076%	$833	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.580	+0.044%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.600	+0.076%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0027%	4h	61.592	+0.064%	$152K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	61.567	+0.023%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.550	−0.005%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.578	+0.041%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.598	+0.073%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.520	−0.054%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0057%	8h	61.640	+0.141%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.600	+0.076%	$1.0M	$77K	10x	as long as short
Aster DRAMUSDT	+0.0089%	8h	61.572	+0.031%	$201K	$33K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.532	−0.034%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.560	+0.011%	$3.0M	$484K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.580	+0.044%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.600	+0.076%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.610	+0.093%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0107%	8h	61.590	+0.060%	$25.9M	$12.6M	20x	as long as short
Variational Omni DRAMshort	+0.0160%	8h	61.583	+0.048%	$2.4M	$999K	—
Paradex DRAM-USD-PERP	+0.0160%	8h	61.594	+0.067%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0161%	8h	61.635	+0.133%	$9.1M	$10.2M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0163%	1h	61.581	+0.045%	$79.0M	$39.7M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0168%	8h	61.590	+0.061%	$36K	$192K	10x	as long as short
Entropy io:DRAMlong	+0.0193%	1h	61.553	long leg	$249K	$503K	25x
MEXC DRAM_USDT	+0.0222%	8h	61.600	+0.076%	$11.1M	$6.4M	100x	as long as short
BloFin DRAM-USDT	+0.0223%	8h	61.590	+0.060%	$295K	$26K	20x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.593	+0.065%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0224%	8h	61.610	+0.093%	$43.7M	$82.6M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.070%	$510K	$43K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0237%	1h	61.600	+0.076%	$13K	$9K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.608	+0.089%	$991K	$1.2M	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.603	+0.081%	$474K	$439K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.590	+0.060%	$50K	$96K	10x	as long as short