Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.007%

Price spread now: Variational Omni against Ondo Perps+0.094%7-day average +0.097% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.094%, 7d avg +0.097%

Together, before fees−0.055%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.097%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	61.650	0.0050	pay 0.0006% / 1h	32m 31s	$1.2M	$1.7M	10x
Short	Variational Omni DRAM	61.708	0.0186	get 0.0186% / 8h	1h 32m	$2.4M	$949K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.094%Rate

Funding earned: $28.37
Price spread: +0.094% → +0.097%: −$0.28
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $23.09
Costs to cover: 0.050%
Break-even: 1.3 days

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 2 min ago	3.10 bp	doesn't fit	5.4 bp −$54	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	61.750	+0.162%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.740	+0.146%	$810	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	+0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.740	+0.146%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.705	+0.088%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.660	+0.016%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.688	+0.062%	$253K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.702	+0.084%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.735	+0.138%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	61.650	long leg	$1.2M	$1.7M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.720	+0.114%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0084%	4h	61.709	+0.095%	$153K	$289K	20x	as long as short
Aster DRAMUSDT	+0.0099%	8h	61.740	+0.146%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.679	+0.048%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.730	+0.130%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.097%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	+0.146%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.744	+0.153%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0106%	8h	61.740	+0.146%	$5.4M	$4.5M	50x	as long as short
Bitget DRAMUSDT	+0.0106%	8h	61.730	+0.130%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.730	+0.130%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0163%	8h	61.724	+0.119%	—	—	5x	as long as short
Variational Omni DRAMshort	+0.0186%	8h	61.708	+0.094%	$2.4M	$949K	—
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.114%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0216%	8h	61.780	+0.211%	$9.3M	$10.3M	100x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.720	+0.114%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0232%	8h	61.730	+0.130%	$43.8M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.719	+0.112%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.738	+0.143%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.736	+0.139%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0328%	1h	61.715	+0.105%	$79.3M	$39.5M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.730	+0.130%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0418%	8h	61.740	+0.146%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.720	+0.114%	$50K	$92K	10x	as long as short