Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.037%

Price spread now: Variational Omni against ApeX Omni−0.074%58s7-day average −0.021% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.074%, 7d avg −0.021%

Together, before fees+0.007%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.053% cheaper against ApeX Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.021%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DRAMUSDT	61.490	0.0100	pay 0.0013% / 1h	4m 22s	$21K	$185K	50x
Short	Variational Omni DRAM	61.444	0.0106	get 0.0106% / 8h	2h 04m	$2.3M	$669K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.074%Rate

Funding earned: $1.36
Price spread: −0.074% → −0.021%: −$5.3
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$13.94
Costs to cover: 0.100%
Break-even: 78.9 days

Slippage unknown: ApeX Omni: live order book, 42 min ago; Variational Omni: RFQ quote, 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 ApeX Omni live order book, 42 min ago	27.58 bp	39.2 bp −$39	199.0 bp −$1,990	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.11 bp	doesn't fit	6.9 bp −$69	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
Bitget DRAMUSDT	−0.0471%	8h	61.430	−0.098%	$26.1M	$14.4M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.404	−0.141%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.470	−0.033%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.462	−0.046%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.440	−0.081%	$847	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.310	−0.293%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.420	−0.114%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0014%	8h	61.434	−0.091%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.358	−0.214%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.390	−0.163%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.400	−0.146%	—	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0046%	8h	61.420	−0.114%	$5.5M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.400	−0.146%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.394	−0.156%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.415	−0.122%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.179%	$1.1M	$3.4M	10x	as long as short
Aster DRAMUSDT	+0.0060%	8h	61.433	−0.093%	$198K	$35K	20x	as long as short
edgeX DRAMUSDC	+0.0073%	4h	61.428	−0.101%	$149K	$298K	20x	as long as short
Entropy io:DRAM	+0.0077%	1h	61.366	−0.202%	$170K	$470K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.374	−0.189%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	−0.163%	$3.0M	$411K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	61.490	long leg	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.410	−0.130%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.410	−0.131%	$4K	—	10x	as long as short
Variational Omni DRAMshort	+0.0106%	8h	61.444	−0.074%	$2.3M	$669K	—
Paradex DRAM-USD-PERP	+0.0120%	8h	61.395	−0.154%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0146%	1h	61.400	−0.146%	$79.5M	$36.1M	20x	as long as short
Binance DRAMUSDT	+0.0165%	8h	61.403	−0.142%	$44.0M	$87.0M	50x	as long as short
MEXC DRAM_USDT	+0.0167%	8h	61.400	−0.146%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.383	−0.175%	$76K	$188K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.618%	$525K	$75K	20x	as long as short
BloFin DRAM-USDT	+0.0191%	8h	61.470	−0.033%	$298K	$26K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0239%	1h	61.420	−0.114%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.413	−0.125%	$1.1M	$1.2M	20x	as long as short