Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0070%/8h= +7.7% APRpaid last 24h +0.012%

Price spread now: Lighter against Variational Omni−0.008%7-day average −0.024% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.029%+$3 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.008%, 7d avg −0.024%

Together, before fees+0.074%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DRAM	61.632	0.0170	pay 0.0170% / 8h	2h 25m	$2.4M	$998K	—
Short	Lighter DRAM	61.627	0.0240	get 0.0030% / 1h	25m 53s	$991K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now −0.008%Rate

Funding earned: $14.68
Price spread: −0.008% → −0.024%: $1.51
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $16.19
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 5 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	3.11 bp	doesn't fit	8.4 bp −$84	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.08 bp	0.4 bp $0	2.7 bp −$27	71.4 bp −$7,138	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
Gate DRAM_USDT	0.0000%	8h	61.630	−0.004%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.630	−0.004%	$674	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.610	−0.036%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.640	+0.013%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0036%	4h	61.628	−0.007%	$152K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.601	−0.050%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.580	−0.085%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.601	−0.051%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.635	+0.004%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.117%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0068%	8h	61.630	−0.004%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.630	−0.004%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.632	0.000%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	−0.085%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.540	−0.150%	$22K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	−0.004%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.643	+0.018%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0108%	8h	61.591	−0.066%	$201K	$33K	20x	as long as short
Bitget DRAMUSDT	+0.0112%	8h	61.630	−0.004%	$25.9M	$12.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0167%	8h	61.617	−0.025%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0169%	8h	61.660	+0.045%	$9.1M	$10.2M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0170%	1h	61.616	−0.026%	$79.0M	$39.7M	20x	as long as short
Variational Omni DRAMlong	+0.0170%	8h	61.632	long leg	$2.4M	$998K	—
Entropy io:DRAM	+0.0177%	1h	61.624	−0.013%	$249K	$503K	25x	as long as short
GRVT DRAM_USDT_Perp	+0.0177%	8h	61.621	−0.019%	$36K	$190K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.198%	$510K	$43K	20x	as long as short
Lighter DRAMshort	+0.0240%	1h	61.627	−0.008%	$991K	$1.2M	20x
MEXC DRAM_USDT	+0.0241%	8h	61.630	−0.004%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0245%	8h	61.637	+0.008%	$43.7M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.628	−0.007%	$102K	$741K	10x	as long as short
BloFin DRAM-USDT	+0.0263%	8h	61.640	+0.013%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.632	0.000%	$475K	$439K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0562%	1h	61.630	−0.004%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.610	−0.036%	$50K	$95K	10x	as long as short