Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.021%

Price spread now: tradeXYZ against Variational Omni−0.151%7-day average −0.067% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.151%, 7d avg −0.067%

Together, before fees+0.106%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.084% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.067%). If the spread goes back, that is −$8 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DRAM	61.714	0.0167	pay 0.0167% / 8h	2h 48m	$2.4M	$618K	—
Short	tradeXYZ xyz:DRAM	61.621	0.0238	get 0.0030% / 1h	48m 25s	$80.1M	$35.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.151%Rate

Funding earned: $14.88
Price spread: −0.151% → −0.067%: −$8.35
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$11.47
Costs to cover: 0.180%
Break-even: 12.4 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; tradeXYZ: live order book, 11 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	3.11 bp	doesn't fit	5.5 bp −$55	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.41 bp	10.8 bp −$11	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
RISEx DRAM/USDC	0.0000%	1h	61.658	−0.090%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.650	−0.104%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.731	+0.026%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.670	−0.072%	$710	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	−0.039%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.650	−0.104%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.636	−0.127%	$1K	$31K	5x	as long as short
edgeX DRAMUSDC	+0.0030%	4h	61.687	−0.044%	$149K	$298K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.650	−0.104%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.620	−0.153%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0050%	1h	61.660	−0.088%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.611	−0.167%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.645	−0.112%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.600	−0.185%	$1.1M	$2.6M	10x	as long as short
Bybit DRAMUSDT	+0.0056%	8h	61.660	−0.088%	$9.5M	$10.0M	100x	as long as short
OKX DRAM-USDT-SWAP	+0.0057%	8h	61.660	−0.088%	$5.4M	$4.7M	50x	as long as short
Entropy io:DRAM	+0.0066%	1h	61.633	−0.132%	$170K	$466K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.637	−0.126%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.630	−0.136%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	−0.007%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.660	−0.088%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.661	−0.086%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0105%	8h	61.649	−0.105%	$198K	$35K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0112%	8h	61.658	−0.091%	—	—	5x	as long as short
Variational Omni DRAMlong	+0.0167%	8h	61.714	long leg	$2.4M	$618K	—
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.331%	$528K	$74K	20x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.638	−0.123%	$74K	$238K	10x	as long as short
Binance DRAMUSDT	+0.0218%	8h	61.635	−0.128%	$44.2M	$83.3M	50x	as long as short
MEXC DRAM_USDT	+0.0218%	8h	61.630	−0.136%	$9.0M	$5.5M	100x	as long as short
BloFin DRAM-USDT	+0.0234%	8h	61.710	−0.007%	$300K	$26K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0237%	1h	61.660	−0.088%	$13K	$3K	20x	as long as short
tradeXYZ xyz:DRAMshort	+0.0238%	1h	61.621	−0.151%	$80.1M	$35.6M	20x
Gate DRAM_USDT	+0.0246%	8h	61.700	−0.023%	$8.1M	$3.6M	75x	as long as short
Lighter DRAM	+0.0272%	1h	61.676	−0.062%	$1.1M	$1.2M	20x	as long as short