DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0429%/8h= −47.0% APRpaid last 24h −0.012%

Price spread now: Coinbase International against Variational Omni+0.040%7-day average −0.155% · you sell dearer than you buy

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

Long on Variational Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 3 days (all we have)+0.068%+$7 · spread now +0.040%, 7d avg −0.155%

Together, before fees+0.103%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.194% dearer against Variational Omni than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.155%): +$19 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 36 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.035% in total (about 3.7% a year). A funding rate is set anew for every payment. 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	Variational Omni DRAM	62.365	0.0581	pay 0.0581% / 8h	6h 49m	$2.4M	$756K	—
Short	Coinbase International DRAM-PERP-INTX	62.390	0.0152	get 0.0019% / 1h	49m 48s	$540K	$90K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$90.12
Price spread: +0.040% → −0.155%: $19.42
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$80.7
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Coinbase International: live order book, 18 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, 4 min ago	3.09 bp	doesn't fit	5.9 bp −$59	doesn't fit	doesn't fit
Sell Coinbase International live order book, 18 min ago	4.00 bp	11.3 bp −$11	14.7 bp −$147	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	62.380	+0.024%	$706	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.380	+0.024%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.360	−0.009%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.355	−0.017%	$1K	$34K	5x	as long as short
edgeX DRAMUSDC	+0.0039%	4h	62.341	−0.039%	$151K	$296K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.340	−0.041%	$51K	$82K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.057%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.380	+0.024%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.313	−0.084%	$254K	$443K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.362	−0.005%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.355	−0.017%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.330	−0.057%	$1.2M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.336	−0.047%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.350	−0.025%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.380	+0.024%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.390	+0.040%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.378	+0.020%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.334	−0.050%	$968K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0152%	1h	62.390	+0.040%	$540K	$90K	20x
Paradex DRAM-USD-PERP	+0.0211%	8h	62.377	+0.019%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0238%	8h	62.370	+0.007%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0261%	1h	62.325	−0.065%	$82.1M	$37.3M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0392%	1h	62.340	−0.041%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0412%	8h	62.417	+0.083%	$9.7M	$10.2M	100x	as long as short
Aster DRAMUSDT	+0.0495%	8h	62.374	+0.015%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0510%	8h	62.340	−0.041%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAMlong	+0.0581%	8h	62.365	long leg	$2.4M	$756K	—
Extended DRAM-USD	+0.0616%	1h	62.336	−0.048%	$76K	$665K	10x	as long as short
Binance DRAMUSDT	+0.0620%	8h	62.360	−0.009%	$44.8M	$82.0M	50x	as long as short
MEXC DRAM_USDT	+0.0620%	8h	62.340	−0.041%	$9.7M	$5.9M	100x	as long as short
Gate DRAM_USDT	+0.0734%	8h	62.380	+0.024%	$8.2M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0774%	8h	62.370	+0.007%	$37K	$152K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.389	+0.039%	$456K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0946%	8h	62.380	+0.024%	$301K	$26K	20x	as long as short