Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0149%/8h= +16.4% APRpaid last 24h +0.010%

Price spread now: Arcus against Variational Omni−0.057%50s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Arcus is 0.057% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.057% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 30 hours of funding at the current rate (+$4 a day). The two prices were read 50 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	62.405	0.0456	pay 0.0456% / 8h	7h 39m	$2.4M	$765K	—
Short	Arcus DRAM-USD	62.370	0.0606	get 0.0076% / 1h	39m 47s	$51K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.057%Rate

Funding earned: $31.37
Price spread: −0.057% → 0.000%: −$5.66
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $21.21
Costs to cover: 0.045%
Break-even: 2.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Arcus: no order-book sample. 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, 4 min ago	3.09 bp	doesn't fit	5.7 bp −$57	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
SunX DRAM-USDT	0.0000%	8h	62.450	+0.072%	$713	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.320	−0.137%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.056%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	62.355	−0.081%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.348	−0.092%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.057%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.406	+0.001%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.433	+0.044%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.340	−0.105%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.430	+0.039%	$76K	$40K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.041%	$3.0M	$442K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	+0.040%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.480	+0.120%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.464	+0.094%	$4K	—	10x	as long as short
Lighter DRAM	+0.0152%	1h	62.450	+0.072%	$971K	$1.2M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.410	+0.007%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.778%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0221%	8h	62.460	+0.088%	$5.5M	$4.7M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0223%	8h	62.447	+0.067%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.430	+0.040%	$13K	$3K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0332%	1h	62.435	+0.048%	$81.8M	$39.2M	20x	as long as short
Aster DRAMUSDT	+0.0374%	8h	62.368	−0.060%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0389%	8h	62.450	+0.072%	$26.2M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0434%	8h	62.490	+0.136%	$9.6M	$10.5M	100x	as long as short
Variational Omni DRAMlong	+0.0456%	8h	62.405	long leg	$2.4M	$765K	—
MEXC DRAM_USDT	+0.0500%	8h	62.440	+0.056%	$10.1M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0503%	8h	62.440	+0.056%	$44.6M	$81.7M	50x	as long as short
Extended DRAM-USD	+0.0504%	1h	62.427	+0.035%	$75K	$767K	10x	as long as short
Entropy io:DRAM	+0.0532%	1h	62.351	−0.087%	$254K	$462K	25x	as long as short
Arcus DRAM-USDshort	+0.0606%	1h	62.370	−0.057%	$51K	$83K	10x
Gate DRAM_USDT	+0.0661%	8h	62.460	+0.088%	$8.3M	$3.4M	75x	as long as short
BloFin DRAM-USDT	+0.0870%	8h	62.350	−0.089%	$296K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0958%	8h	62.337	−0.110%	$37K	$162K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.427	+0.035%	$455K	$491K	20x	as long as short