Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.052%

Price spread now: Variational Omni against Ondo Perps+0.077%7-day average +0.098% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 7 days+0.110%+$11 · spread now +0.077%, 7d avg +0.098%

Together, before fees+0.136%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.021% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.098%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	60.820	0.0050	pay 0.0006% / 1h	4m 27s	$1.1M	$3.5M	10x
Short	Variational Omni DRAM	60.867	0	get 0.0000% / 8h	4m 27s	$2.3M	$589K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Ondo Perps. 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 Ondo PerpsbpFee Variational OmnibpOrdersPrice spread, now +0.077%Rate

Funding earned: −$10.58
Price spread: +0.077% → +0.098%: −$2.12
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.71
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	3.12 bp	doesn't fit	6.3 bp −$63	doesn't fit	doesn't fit

Ondo Perps: 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
Bitget DRAMUSDT	−0.0764%	8h	60.910	+0.148%	$26.6M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.867	+0.076%	$195K	$38K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.856	+0.058%	$421K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.920	+0.164%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAMshort	0.0000%	8h	60.867	+0.077%	$2.3M	$589K	—
GRVT DRAM_USDT_Perp	0.0000%	8h	60.888	+0.112%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.870	+0.082%	$796	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.840	+0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.860	+0.066%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0010%	8h	60.870	+0.082%	$5.4M	$6.0M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DRAMUSDT	+0.0011%	8h	60.859	+0.065%	$43.8M	$89.0M	50x	as long as short
MEXC DRAM_USDT	+0.0012%	8h	60.850	+0.049%	$8.4M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0016%	1h	60.853	+0.054%	$74K	$198K	10x	as long as short
Bybit DRAMUSDT	+0.0021%	8h	60.884	+0.105%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.857	+0.061%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.840	+0.033%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.850	+0.049%	$991K	$84K	10x	as long as short
BloFin DRAM-USDT	+0.0043%	8h	60.890	+0.115%	$298K	$26K	20x	as long as short
edgeX DRAMUSDC	+0.0045%	4h	60.863	+0.071%	$148K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.840	+0.033%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.828	+0.013%	$179K	$479K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.833	+0.021%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.861	+0.067%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	60.820	long leg	$1.1M	$3.5M	10x
Deribit DRAM_USDC-PERPETUAL	+0.0079%	1h	60.840	+0.033%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0091%	8h	60.852	+0.052%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.870	+0.083%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.840	+0.033%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.890	+0.115%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.860	+0.066%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.852	+0.052%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.197%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0180%	1h	60.834	+0.023%	$78.7M	$35.7M	20x	as long as short
Lighter DRAM	+0.0344%	1h	60.870	+0.082%	$1.1M	$1.2M	20x	as long as short