Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0069%/8h= −7.6% APRpaid last 24h −0.026%

Price spread now: Variational Omni against Deribit+0.039%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.039% dearer against Deribit than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	61.690	0.0237	pay 0.0030% / 1h	50m 05s	$13K	$3K	20x
Short	Variational Omni DRAM	61.714	0.0167	get 0.0167% / 8h	2h 50m	$2.4M	$618K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now +0.039%Rate

Funding earned: −$14.5
Price spread: +0.039% → 0.000%: $3.92
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.58
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Variational Omni: RFQ quote, 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 Deribit no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.11 bp	doesn't fit	5.0 bp −$50	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	61.706	+0.026%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.700	+0.016%	$26.0M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.711	+0.034%	$36K	$191K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	+0.032%	$842	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.680	−0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.659	−0.051%	$1K	$31K	5x	as long as short
edgeX DRAMUSDC	+0.0030%	4h	61.687	−0.005%	$149K	$298K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.670	−0.032%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.670	−0.032%	—	—	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	61.700	+0.016%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.684	−0.010%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.685	−0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.650	−0.065%	$1.1M	$2.6M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0058%	8h	61.710	+0.032%	$5.4M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0060%	8h	61.720	+0.049%	$9.5M	$10.0M	100x	as long as short
Entropy io:DRAM	+0.0086%	1h	61.648	−0.068%	$170K	$466K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.666	−0.039%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.670	−0.032%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.730	+0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.700	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.693	+0.005%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0110%	8h	61.695	+0.008%	$198K	$35K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0114%	8h	61.696	+0.009%	—	—	5x	as long as short
Variational Omni DRAMshort	+0.0167%	8h	61.714	+0.039%	$2.4M	$618K	—
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.292%	$528K	$74K	20x	as long as short
Binance DRAMUSDT	+0.0222%	8h	61.690	0.000%	$44.3M	$83.3M	50x	as long as short
MEXC DRAM_USDT	+0.0223%	8h	61.680	−0.016%	$9.0M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.663	−0.043%	$74K	$238K	10x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0237%	1h	61.690	long leg	$13K	$3K	20x
BloFin DRAM-USDT	+0.0238%	8h	61.760	+0.113%	$300K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0255%	8h	61.730	+0.065%	$8.1M	$3.6M	75x	as long as short
tradeXYZ xyz:DRAM	+0.0260%	1h	61.681	−0.015%	$80.1M	$35.6M	20x	as long as short
Lighter DRAM	+0.0304%	1h	61.703	+0.021%	$1.1M	$1.2M	20x	as long as short