DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0411%/8h= −45.0% APRnext payment −$4.11 per $10,000 · paid last 24h −0.054%

Price spread now: Phemex against Variational Omni+0.005%7-day average +0.008% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.054%−$5 on $10k

Price spread, last 3 days (all we have)+0.007%+$1 · spread now +0.005%, 7d avg +0.008%

Together, before fees−0.046%+ Points / potential airdropVariational Omni: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.054% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.11 per $10,000. 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	62.047	0.0411	pay 0.0411% / 8h	7h 58m	$2.4M	$948K	—
Short	Phemex DRAMUSDT	62.050	0	get 0.0000% / 8h	7h 58m	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$86.39
Price spread: +0.005% → +0.008%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$98.65
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phemex: 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, 1 min ago	3.09 bp	doesn't fit	6.5 bp −$65	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	4.03 bp	49.8 bp −$50	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
Gate DRAM_USDT	0.0000%	8h	62.050	+0.005%	$8.3M	$3.3M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.040	−0.011%	$581	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	−0.059%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.050	+0.005%	$1.8M	$1.3M	10x
Bybit DRAMUSDT	+0.0026%	8h	62.080	+0.054%	$9.4M	$10.6M	100x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	62.048	+0.002%	$154K	$291K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	62.022	−0.040%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	−0.204%	—	$797	10x	as long as short
tradeXYZ xyz:DRAM	+0.0050%	1h	62.011	−0.057%	$81.1M	$41.1M	20x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.008	−0.062%	$265K	$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	62.033	−0.022%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.930	−0.188%	$1.2M	$1.8M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.011	−0.057%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.960	−0.140%	$3.0M	$469K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.060	+0.022%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.020	−0.043%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.085	+0.062%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.000	−0.075%	$1.0M	$80K	10x	as long as short
Lighter DRAM	+0.0176%	1h	62.038	−0.014%	$969K	$1.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.204%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0185%	8h	62.030	−0.027%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0197%	8h	62.020	−0.043%	$26.3M	$12.5M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0217%	8h	62.055	+0.013%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0311%	8h	62.072	+0.042%	$37K	$170K	10x	as long as short
Aster DRAMUSDT	+0.0318%	8h	62.010	−0.059%	$199K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0395%	1h	62.020	−0.043%	$13K	$9K	20x	as long as short
Variational Omni DRAMlong	+0.0411%	8h	62.047	long leg	$2.4M	$948K	—
Entropy io:DRAM	+0.0446%	1h	62.003	−0.070%	$253K	$494K	25x	as long as short
MEXC DRAM_USDT	+0.0450%	8h	62.010	−0.059%	$10.5M	$6.6M	100x	as long as short
Binance DRAMUSDT	+0.0453%	8h	62.050	+0.005%	$44.1M	$83.0M	50x	as long as short
Extended DRAM-USD	+0.0456%	1h	62.029	−0.029%	$78K	$764K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.020	−0.043%	$50K	$86K	10x	as long as short
BloFin DRAM-USDT	+0.0758%	8h	62.100	+0.086%	$295K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.060	+0.022%	$457K	$475K	20x	as long as short