Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h +0.005%

Price spread now: Variational Omni against Extended−0.118%7-day average +0.041% · you buy dearer than you sell

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.118%, 7d avg +0.041%

Together, before fees+0.366%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.160% cheaper against Extended than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DRAM-USD	61.207	0.0176	pay 0.0022% / 1h	20m 08s	$76K	$188K	10x
Short	Variational Omni DRAM	61.134	0.0110	get 0.0110% / 8h	2h 20m	$2.3M	$675K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now −0.118%Rate

Funding earned: −$13.94
Price spread: −0.118% → +0.041%: −$15.97
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$34.91
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 27 min ago; Variational Omni: RFQ quote, 4 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 Extended live order book, 27 min ago	0.41 bp	3.2 bp −$3	6.9 bp −$69	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.11 bp	doesn't fit	9.4 bp −$94	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
Bitget DRAMUSDT	−0.0487%	8h	61.250	+0.071%	$25.9M	$14.1M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.183	−0.039%	$424K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.112	−0.154%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.180	−0.044%	$963	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.160	−0.076%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.230	+0.038%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0003%	8h	61.246	+0.064%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.130	−0.126%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0037%	8h	61.240	+0.054%	$5.4M	$5.6M	50x	as long as short
Gate DRAM_USDT	+0.0039%	8h	61.240	+0.054%	$8.0M	$3.7M	75x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.120	−0.142%	$48K	$73K	10x	as long as short
edgeX DRAMUSDC	+0.0045%	4h	61.127	−0.130%	$148K	$298K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.160	−0.076%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.190	−0.027%	$997K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.169	−0.062%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.195	−0.019%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.150	−0.093%	$1.1M	$3.2M	10x	as long as short
Entropy io:DRAM	+0.0065%	1h	61.120	−0.142%	$168K	$469K	25x	as long as short
Aster DRAMUSDT	+0.0066%	8h	61.262	+0.090%	$197K	$35K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.154	−0.087%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.180	−0.044%	$3.0M	$407K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	−0.223%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.220	+0.022%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.237	+0.049%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0105%	8h	61.166	−0.066%	—	—	5x	as long as short
Variational Omni DRAMshort	+0.0110%	8h	61.134	−0.118%	$2.3M	$675K	—
tradeXYZ xyz:DRAM	+0.0135%	1h	61.175	−0.052%	$79.2M	$36.0M	20x	as long as short
BloFin DRAM-USDT	+0.0155%	8h	61.220	+0.022%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0172%	8h	61.220	+0.022%	$43.8M	$86.0M	50x	as long as short
MEXC DRAM_USDT	+0.0173%	8h	61.220	+0.022%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USDlong	+0.0176%	1h	61.207	long leg	$76K	$188K	10x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.158%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0232%	1h	61.229	+0.036%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0404%	1h	61.210	+0.005%	$13K	$3K	20x	as long as short