Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0046%/8h= −5.1% APRpaid last 24h −0.037%

Price spread now: ApeX Omni against Variational Omni−0.172%58s7-day average +0.021% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.233%+$23 · spread now −0.172%, 7d avg +0.021%

Together, before fees+0.239%+ Points / potential airdropVariational Omni: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and ApeX Omni is 0.194% cheaper against Variational Omni than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.021%). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DRAM	61.286	0.0146	pay 0.0146% / 8h	2h 36m	$2.3M	$676K	—
Short	ApeX Omni DRAMUSDT	61.180	0.0100	get 0.0013% / 1h	36m 34s	$21K	$184K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.172%Rate

Funding earned: −$9.75
Price spread: −0.172% → +0.021%: −$19.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$39.11
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 9 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 Variational Omni RFQ quote, 3 min ago	3.12 bp	doesn't fit	8.4 bp −$84	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	27.58 bp	38.6 bp −$39	199.9 bp −$1,999	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
Bitget DRAMUSDT	−0.0174%	8h	61.230	−0.091%	$25.8M	$13.9M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.199	−0.140%	$424K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.212	−0.121%	$36K	$192K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.280	−0.009%	$827	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.190	−0.156%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.300	+0.024%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.317	+0.051%	$1K	$31K	5x	as long as short
Bybit DRAMUSDT	+0.0033%	8h	61.245	−0.066%	$9.4M	$10.1M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0039%	8h	61.250	−0.058%	$5.4M	$4.9M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.240	−0.074%	$48K	$76K	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	61.200	−0.140%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.190	−0.156%	$997K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.243	−0.069%	$169K	$466K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.207	−0.128%	$257K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.228	−0.094%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.180	−0.172%	$1.1M	$2.8M	10x	as long as short
edgeX DRAMUSDC	+0.0068%	4h	61.187	−0.161%	$148K	$298K	20x	as long as short
Aster DRAMUSDT	+0.0080%	8h	61.241	−0.072%	$197K	$35K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.185	−0.164%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.210	−0.123%	$3.0M	$403K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.180	−0.172%	$21K	$184K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.300	+0.024%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0103%	8h	61.180	−0.173%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.302	+0.026%	$4K	—	10x	as long as short
Variational Omni DRAMlong	+0.0146%	8h	61.286	long leg	$2.3M	$676K	—
tradeXYZ xyz:DRAM	+0.0152%	1h	61.187	−0.161%	$79.4M	$35.6M	20x	as long as short
BloFin DRAM-USDT	+0.0159%	8h	61.340	+0.089%	$301K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0159%	8h	61.240	−0.074%	$8.0M	$3.6M	75x	as long as short
Lighter DRAM	+0.0184%	1h	61.202	−0.136%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.150	−0.221%	$525K	$74K	20x	as long as short
Binance DRAMUSDT	+0.0189%	8h	61.217	−0.111%	$43.8M	$84.3M	50x	as long as short
MEXC DRAM_USDT	+0.0190%	8h	61.170	−0.188%	$8.5M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0192%	1h	61.174	−0.182%	$76K	$191K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.290	+0.007%	$13K	$3K	20x	as long as short