Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0198%/8h= +21.6% APRnext payment +$1.98 per $10,000 · paid last 24h —

Price spread now: Variational Omni against Paradex−0.036%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Variational Omni is 0.036% cheaper against Paradex than usual: you would sell low and buy high (spread −0.036% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DRAM-USD-PERP	62.217	0.0078	pay 0.0078% / 8h	3h 54m	—	—	5x
Short	Variational Omni DRAM	62.194	0.0276	get 0.0276% / 8h	3h 54m	$2.4M	$748K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now −0.036%Rate

Funding earned: $41.48
Price spread: −0.036% → 0.000%: −$3.63
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $33.84
Costs to cover: 0.040%
Break-even: 1.3 days

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 5 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.09 bp	doesn't fit	6.1 bp −$61	doesn't fit	doesn't fit

Paradex: 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
RISEx DRAM/USDC	0.0000%	1h	62.230	+0.022%	$439K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.230	+0.021%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.241	+0.039%	$36K	$178K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.200	−0.027%	$990	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.190	−0.043%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.210	−0.011%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.206	−0.017%	$1K	$32K	5x	as long as short
edgeX DRAMUSDC	+0.0030%	4h	62.219	+0.003%	$151K	$297K	20x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.210	−0.011%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.200	−0.027%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	62.180	−0.059%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.193	−0.038%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.205	−0.019%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	−0.059%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0063%	1h	62.210	−0.011%	$160K	$451K	25x	as long as short
OKX DRAM-USDT-SWAP	+0.0075%	8h	62.220	+0.005%	$5.5M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERPlong	+0.0078%	8h	62.217	long leg	—	—	5x
Lighter DRAM	+0.0088%	1h	62.217	0.000%	$1.0M	$1.1M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.243	+0.042%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.190	−0.043%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.250	+0.053%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.230	+0.021%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.223	+0.010%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.330	+0.182%	$535K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0113%	8h	62.260	+0.070%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0154%	1h	62.201	−0.025%	$81.4M	$35.3M	20x	as long as short
Aster DRAMUSDT	+0.0207%	8h	62.235	+0.030%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.210	−0.011%	$13K	$3K	20x	as long as short
Variational Omni DRAMshort	+0.0276%	8h	62.194	−0.036%	$2.4M	$748K	—
BloFin DRAM-USDT	+0.0305%	8h	62.270	+0.086%	$302K	$26K	20x	as long as short
Extended DRAM-USD	+0.0320%	1h	62.193	−0.038%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0321%	8h	62.220	+0.005%	$44.7M	$80.2M	50x	as long as short
MEXC DRAM_USDT	+0.0323%	8h	62.220	+0.005%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0601%	8h	62.250	+0.053%	$8.2M	$3.5M	75x	as long as short