Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0259%/8h= −28.3% APRpaid last 24h −0.010%

Price spread now: Lighter against Variational Omni+0.059%7-day average −0.024% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$3 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.059%, 7d avg −0.024%

Together, before fees+0.016%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.083% dearer against Variational Omni than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.024%): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.035% in total (about 3.8% 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	62.255	0.0419	pay 0.0419% / 8h	7h 49m	$2.4M	$756K	—
Short	Lighter DRAM	62.292	0.0160	get 0.0020% / 1h	49m 52s	$962K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$54.36
Price spread: +0.059% → −0.024%: $8.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$46.07
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Lighter: live order book, 1 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, 4 min ago	3.09 bp	doesn't fit	10.3 bp −$103	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	0.96 bp	1.2 bp −$1	3.8 bp −$38	39.4 bp −$3,942	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
SunX DRAM-USDT	0.0000%	8h	62.190	−0.105%	$870	$3.1M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	−0.121%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	+0.007%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	62.155	−0.161%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.170	−0.137%	—	$201	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.244	−0.018%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.110	−0.233%	$1.2M	$1.7M	10x	as long as short
edgeX DRAMUSDC	+0.0075%	4h	62.216	−0.063%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.153	−0.164%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.210	−0.073%	$3.0M	$449K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni DRAMUSDT	+0.0100%	1h	62.200	−0.089%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	+0.024%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.179	−0.123%	$4K	—	10x	as long as short
Lighter DRAMshort	+0.0160%	1h	62.292	+0.059%	$962K	$1.2M	20x
QFEX DRAM-USD	+0.0160%	1h	62.220	−0.057%	$1.0M	$79K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0180%	1h	62.223	−0.052%	$266K	$1.3M	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.539%	$535K	$95K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0203%	8h	62.270	+0.024%	$5.5M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0216%	8h	62.202	−0.086%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0257%	8h	62.280	+0.040%	$26.3M	$12.8M	20x	as long as short
Aster DRAMUSDT	+0.0330%	8h	62.199	−0.091%	$200K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.240	−0.025%	$13K	$3K	20x	as long as short
Variational Omni DRAMlong	+0.0419%	8h	62.255	long leg	$2.4M	$756K	—
Entropy io:DRAM	+0.0448%	1h	62.187	−0.110%	$254K	$475K	25x	as long as short
Gate DRAM_USDT	+0.0460%	8h	62.310	+0.088%	$8.3M	$3.4M	75x	as long as short
MEXC DRAM_USDT	+0.0461%	8h	62.290	+0.056%	$10.1M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0464%	1h	62.271	+0.025%	$75K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0464%	8h	62.296	+0.065%	$44.5M	$81.6M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0503%	1h	62.277	+0.035%	$81.6M	$39.4M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0517%	8h	62.213	−0.068%	$37K	$164K	10x	as long as short
Bybit DRAMUSDT	+0.0553%	8h	62.347	+0.147%	$9.6M	$10.5M	100x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.180	−0.121%	$51K	$84K	10x	as long as short
BloFin DRAM-USDT	+0.0791%	8h	62.240	−0.025%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.212	−0.070%	$454K	$478K	20x	as long as short