Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0135%/8h= −14.7% APRpaid last 24h +0.016%

Price spread now: Variational Omni against tradeXYZ+0.020%7-day average +0.067% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.020%, 7d avg +0.067%

Together, before fees−0.017%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.047% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	62.243	0.0554	pay 0.0069% / 1h	51m 13s	$81.6M	$39.3M	20x
Short	Variational Omni DRAM	62.255	0.0419	get 0.0419% / 8h	7h 51m	$2.4M	$756K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against tradeXYZ. 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 tradeXYZbpFee Variational OmnibpOrdersPrice spread, now +0.020%Rate

Funding earned: −$28.28
Price spread: +0.020% → +0.067%: −$4.7
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$50.97
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 8 min ago; Variational Omni: RFQ quote, 3 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 tradeXYZ live order book, 8 min ago	0.48 bp	11.5 bp −$11	12.1 bp −$121	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.09 bp	doesn't fit	5.8 bp −$58	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
SunX DRAM-USDT	0.0000%	8h	62.250	+0.011%	$915	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	−0.101%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.220	−0.037%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	62.143	−0.160%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.170	−0.117%	—	$201	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.240	−0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.140	−0.165%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0075%	4h	62.216	−0.043%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.189	−0.087%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.180	−0.101%	$3.0M	$449K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni DRAMUSDT	+0.0100%	1h	62.200	−0.069%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.027%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.149	−0.151%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.197	−0.074%	$961K	$1.2M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.190	−0.085%	$1.0M	$79K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.519%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0199%	8h	62.260	+0.027%	$5.4M	$4.6M	50x	as long as short
Polymarket Perps DRAM-USD	+0.0216%	1h	62.215	−0.045%	$266K	$1.3M	10x	as long as short
Paradex DRAM-USD-PERP	+0.0219%	8h	62.237	−0.009%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.230	−0.021%	$13K	$3K	20x	as long as short
Bitget DRAMUSDT	+0.0249%	8h	62.210	−0.053%	$26.3M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0327%	8h	62.177	−0.106%	$200K	$36K	20x	as long as short
Variational Omni DRAMshort	+0.0419%	8h	62.255	+0.020%	$2.4M	$756K	—
Entropy io:DRAM	+0.0424%	1h	62.151	−0.148%	$254K	$475K	25x	as long as short
MEXC DRAM_USDT	+0.0459%	8h	62.230	−0.021%	$10.5M	$6.6M	100x	as long as short
Binance DRAMUSDT	+0.0461%	8h	62.240	−0.005%	$44.4M	$81.7M	50x	as long as short
Gate DRAM_USDT	+0.0462%	8h	62.270	+0.043%	$8.3M	$3.3M	75x	as long as short
Extended DRAM-USD	+0.0464%	1h	62.237	−0.009%	$75K	$767K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0517%	8h	62.213	−0.048%	$37K	$164K	10x	as long as short
tradeXYZ xyz:DRAMlong	+0.0554%	1h	62.243	long leg	$81.6M	$39.3M	20x
Arcus DRAM-USD	+0.0606%	1h	62.180	−0.101%	$51K	$84K	10x	as long as short
Bybit DRAMUSDT	+0.0617%	8h	62.280	+0.059%	$9.6M	$10.5M	100x	as long as short
BloFin DRAM-USDT	+0.0791%	8h	62.240	−0.005%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.238	−0.008%	$454K	$478K	20x	as long as short