DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0237%/8h= +26.0% APRnext payment +$2.37 per $10,000 · paid last 24h +0.054%

Price spread now: Variational Omni against Phemex+0.141%56s7-day average −0.008% · you sell dearer than you buy

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.054%+$5 on $10k

Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.141%, 7d avg −0.008%

Together, before fees−0.100%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Variational Omni is 0.149% dearer against Phemex than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.008%. The two prices were read 56 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 0.054% in total (about 5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.37 per $10,000. 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	Phemex DRAMUSDT	61.860	0	get 0.0000% / 8h	48m 18s	$1.8M	$1.3M	10x
Short	Variational Omni DRAM	61.947	0.0237	get 0.0237% / 8h	48m 18s	$2.4M	$948K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. 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 PhemexbpFee Variational OmnibpOrdersPrice spread, now +0.141%Rate

Funding earned: $49.82
Price spread: +0.141% → −0.008%: $14.9
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $52.73
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Phemex: live order book, 5 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 Phemex live order book, 5 min ago	0.81 bp	57.3 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.10 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	61.970	+0.178%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.950	+0.145%	$841	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.900	+0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.860	long leg	$1.8M	$1.3M	10x
edgeX DRAMUSDC	+0.0032%	4h	61.941	+0.131%	$153K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.911	+0.083%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	+0.016%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.931	+0.115%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.945	+0.137%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.890	+0.048%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.950	+0.145%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.963	+0.167%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.890	+0.048%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	+0.129%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.960	+0.162%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.967	+0.173%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0136%	8h	61.980	+0.194%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0139%	8h	61.960	+0.162%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0154%	8h	61.917	+0.093%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0169%	8h	61.958	+0.159%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0170%	8h	61.940	+0.129%	$36K	$178K	10x	as long as short
Lighter DRAM	+0.0192%	1h	61.964	+0.168%	$977K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.453%	$510K	$43K	20x	as long as short
Entropy io:DRAM	+0.0207%	1h	61.881	+0.034%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0234%	1h	61.970	+0.178%	$13K	$9K	20x	as long as short
Variational Omni DRAMshort	+0.0237%	8h	61.947	+0.141%	$2.4M	$948K	—
Bybit DRAMUSDT	+0.0270%	8h	62.000	+0.226%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0285%	8h	61.950	+0.145%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0287%	8h	61.960	+0.162%	$43.9M	$82.4M	50x	as long as short
Extended DRAM-USD	+0.0288%	1h	61.959	+0.160%	$77K	$766K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0293%	1h	61.952	+0.149%	$80.3M	$39.8M	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.961	+0.163%	$457K	$475K	20x	as long as short
BloFin DRAM-USDT	+0.0537%	8h	61.930	+0.113%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	+0.145%	$50K	$89K	10x	as long as short