Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0531%/8h= −58.2% APRpaid last 24h −0.005%

Price spread now: Entropy against Variational Omni−0.084%7-day average −0.011% · you buy dearer than you sell

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

Long on Variational Omni Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now −0.084%, 7d avg −0.011%

Together, before fees−0.251%+ Points / potential airdropVariational Omni: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Entropy is 0.072% cheaper against Variational Omni than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.014% in total (about -1.5% 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	Entropy io:DRAM	62.313	0.0050	get 0.0006% / 1h	49m 16s	$254K	$443K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now −0.084%Rate

Funding earned: −$111.54
Price spread: −0.084% → −0.011%: −$7.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$136.79
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Entropy: live order book, 66 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, 5 min ago	3.09 bp	doesn't fit	5.9 bp −$59	doesn't fit	doesn't fit
Sell Entropy live order book, 66 min ago	2.25 bp	doesn't fit	doesn't fit	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	62.330	−0.057%	$705	$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	62.320	−0.073%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.319	−0.075%	$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	62.310	−0.089%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.320	−0.073%	$1.0M	$78K	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	62.313	−0.084%	$254K	$443K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	62.323	−0.068%	$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	62.314	−0.082%	$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	62.310	−0.088%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.330	−0.057%	$3.0M	$415K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.320	−0.073%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.370	+0.007%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.353	−0.019%	$4K	—	10x	as long as short
Lighter DRAM	+0.0136%	1h	62.315	−0.081%	$968K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.040%	$540K	$90K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0209%	8h	62.355	−0.017%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.330	−0.057%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0237%	8h	62.350	−0.025%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0254%	1h	62.303	−0.100%	$82.0M	$37.3M	20x	as long as short
Bybit DRAMUSDT	+0.0409%	8h	62.370	+0.007%	$9.7M	$10.2M	100x	as long as short
Aster DRAMUSDT	+0.0495%	8h	62.378	+0.020%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0505%	8h	62.330	−0.057%	$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	62.315	−0.081%	$76K	$663K	10x	as long as short
MEXC DRAM_USDT	+0.0619%	8h	62.330	−0.057%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0619%	8h	62.326	−0.062%	$44.7M	$82.0M	50x	as long as short
Gate DRAM_USDT	+0.0728%	8h	62.370	+0.007%	$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	62.340	−0.041%	$456K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0951%	8h	62.380	+0.024%	$301K	$26K	20x	as long as short