Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.036%

Price spread now: Variational Omni against RISEx−0.030%7-day average +0.005% · you buy dearer than you sell

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

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.030%, 7d avg +0.005%

Together, before fees+0.089%+ Points / potential airdropVariational Omni: Active · farm board+$9 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 0.034% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.005%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	61.796	0.0257	pay 0.0032% / 1h	20m 20s	$455K	$475K	20x
Short	Variational Omni DRAM	61.777	0.0196	get 0.0196% / 8h	1h 20m	$2.4M	$949K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. 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 RISExbpFee Variational OmnibpOrdersPrice spread, now −0.030%Rate

Funding earned: −$12.77
Price spread: −0.030% → +0.005%: −$3.45
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$22.22
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 63 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 RISEx live order book, 63 min ago	0.89 bp	3.9 bp −$4	5.1 bp −$51	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.10 bp	doesn't fit	5.7 bp −$57	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	61.800	+0.007%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.790	−0.009%	$824	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.770	−0.041%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.790	−0.009%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0025%	4h	61.777	−0.030%	$153K	$288K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.760	−0.057%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.700	−0.155%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.699	−0.156%	$253K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.764	−0.051%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.790	−0.009%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.710	−0.139%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.770	−0.041%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.743	−0.085%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.780	−0.025%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.810	+0.023%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	−0.025%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.801	+0.008%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0107%	8h	61.740	−0.090%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0115%	8h	61.790	−0.009%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0120%	8h	61.800	+0.007%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0140%	8h	61.780	−0.025%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.767	−0.046%	—	—	5x	as long as short
Variational Omni DRAMshort	+0.0196%	8h	61.777	−0.030%	$2.4M	$949K	—
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.349%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0233%	8h	61.830	+0.056%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0239%	8h	61.790	−0.009%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.778	−0.029%	$77K	$765K	10x	as long as short
Binance DRAMUSDT	+0.0241%	8h	61.790	−0.009%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDClong	+0.0257%	1h	61.796	long leg	$455K	$475K	20x
Lighter DRAM	+0.0296%	1h	61.790	−0.009%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0312%	1h	61.784	−0.019%	$79.3M	$39.4M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.780	−0.025%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0467%	8h	61.800	+0.007%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	−0.041%	$50K	$91K	10x	as long as short