Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0525%/8h= −57.4% APRpaid last 24h +0.011%

Price spread now: RISEx against Variational Omni−0.077%7-day average −0.006% · you buy dearer than you sell

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.077%, 7d avg −0.006%

Together, before fees−0.106%+ Points / potential airdropVariational Omni: Active · farm board−$11 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 RISEx is 0.071% 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 −0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.022% in total (about 2.4% 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	62.224	0.0525	pay 0.0525% / 8h	5h 58m	$2.4M	$710K	—
Short	RISEx DRAM/USDC	62.176	0	get 0.0000% / 1h	58m 58s	$447K	$505K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$110.15
Price spread: −0.077% → −0.006%: −$7.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$123.22
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, just now; RISEx: live order book, 4 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, just now	3.09 bp	doesn't fit	8.0 bp −$80	doesn't fit	doesn't fit
Sell RISEx live order book, 4 min ago	1.37 bp	4.4 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit

DRAM on 33 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
RISEx DRAM/USDCshort	0.0000%	1h	62.176	−0.077%	$447K	$505K	20x
SunX DRAM-USDT	0.0000%	8h	62.200	−0.039%	$788	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.190	−0.055%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.240	+0.026%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	62.152	−0.116%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.180	−0.071%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.140	−0.135%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.170	−0.087%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.139	−0.137%	$253K	$426K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.168	−0.090%	$266K	$1.3M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.200	−0.039%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.090	−0.216%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0057%	4h	62.231	+0.012%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.144	−0.128%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.200	−0.039%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.160	−0.103%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.220	−0.007%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.253	+0.047%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0111%	8h	62.250	+0.042%	$26.1M	$13.1M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0151%	8h	62.167	−0.092%	—	—	5x	as long as short
Lighter DRAM	+0.0176%	1h	62.228	+0.006%	$967K	$1.0M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0181%	1h	62.212	−0.019%	$82.1M	$37.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.296%	$534K	$81K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0212%	8h	62.280	+0.090%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0257%	8h	62.235	+0.018%	$36K	$155K	10x	as long as short
Bybit DRAMUSDT	+0.0270%	8h	62.290	+0.106%	$9.6M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0434%	8h	62.250	+0.041%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0490%	8h	62.270	+0.074%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAMlong	+0.0525%	8h	62.224	long leg	$2.4M	$710K	—
Deribit DRAM_USDC-PERPETUAL	+0.0554%	1h	62.230	+0.009%	$13K	$3K	20x	as long as short
Binance DRAMUSDT	+0.0559%	8h	62.291	+0.107%	$44.7M	$81.6M	50x	as long as short
Extended DRAM-USD	+0.0560%	1h	62.238	+0.023%	$75K	$665K	10x	as long as short
MEXC DRAM_USDT	+0.0561%	8h	62.280	+0.090%	$9.6M	$5.5M	100x	as long as short