Funding you earn now, next payment 08:00 UTC−0.0600%/8h= −65.7% APRnext payment −$6.00 per $10,000 · paid last 24h −0.067%
Price spread now: Phemex against Variational Omni+0.009%7-day average +0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.095%−$9 on $10k
+Price spread, last 3 days (all we have)−0.002%$0 · spread now +0.009%, 7d avg +0.008%
=Together, before fees−0.097%+ Points / potential airdropVariational Omni: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.095% in total (about -10.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.00 per $10,000. 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 | 62.414 | 0.0600 | pay 0.0600% / 8h | 7h 00m | $2.4M | $751K | — |
| Short | Phemex DRAMUSDT | 62.420 | 0 | get 0.0000% / 8h | 7h 00m | $1.8M | $1.3M | 10x |
Variational Omni DRAM
Phemex DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$126.05
- Price spread: +0.009% → +0.008%
- $0.15
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$137.9
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Phemex: live order book, 3 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 | 3.08 bp | doesn't fit | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 1.60 bp | 40.5 bp −$41 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX DRAM-USDT | 0.0000% | 8h | 62.410 | −0.007% | $823 | $3.0M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.400 | −0.023% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDTshort | 0.0000% | 8h | 62.420 | +0.009% | $1.8M | $1.3M | 10x | |
| edgeX DRAMUSDC | +0.0023% | 4h | 62.427 | +0.020% | $151K | $297K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0035% | 1h | 62.401 | −0.020% | $1K | $34K | 5x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.390 | −0.039% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.415 | +0.001% | $267K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.413 | −0.002% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.350 | −0.103% | $1.2M | $1.8M | 10x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.405 | −0.015% | $76K | $41K | 10x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Pacifica DRAMShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.430 | +0.026% | $3.0M | $418K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.450 | +0.058% | $22K | $185K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.450 | +0.058% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.447 | +0.053% | $4K | — | 10x | as long as short |
| Lighter DRAM | +0.0120% | 1h | 62.444 | +0.048% | $970K | $1.3M | 20x | as long as short |
| QFEX DRAM-USD | +0.0160% | 1h | 62.430 | +0.026% | $1.0M | $78K | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 62.390 | −0.039% | $540K | $91K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0218% | 1h | 62.424 | +0.016% | $82.2M | $37.6M | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0235% | 8h | 62.447 | +0.052% | — | — | 5x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0247% | 8h | 62.450 | +0.058% | $5.5M | $4.6M | 50x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0391% | 1h | 62.400 | −0.023% | $13K | $3K | 20x | as long as short |
| Bybit DRAMUSDT | +0.0457% | 8h | 62.480 | +0.106% | $9.6M | $10.4M | 100x | as long as short |
| Entropy io:DRAM | +0.0509% | 1h | 62.373 | −0.066% | $255K | $449K | 25x | as long as short |
| Aster DRAMUSDT | +0.0511% | 8h | 62.401 | −0.021% | $201K | $36K | 20x | as long as short |
| Bitget DRAMUSDT | +0.0584% | 8h | 62.460 | +0.074% | $26.1M | $12.8M | 20x | as long as short |
| Variational Omni DRAMlong | +0.0600% | 8h | 62.414 | long leg | $2.4M | $751K | — | |
| Arcus DRAM-USD | +0.0606% | 1h | 62.420 | +0.009% | $51K | $82K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0637% | 8h | 62.450 | +0.058% | $9.7M | $6.7M | 100x | as long as short |
| Binance DRAMUSDT | +0.0639% | 8h | 62.450 | +0.058% | $45.0M | $81.8M | 50x | as long as short |
| Extended DRAM-USD | +0.0640% | 1h | 62.434 | +0.032% | $76K | $665K | 10x | as long as short |
| Gate DRAM_USDT | +0.0838% | 8h | 62.470 | +0.090% | $8.3M | $3.5M | 75x | as long as short |
| BloFin DRAM-USDT | +0.0990% | 8h | 62.480 | +0.106% | $300K | $26K | 20x | as long as short |
| RISEx DRAM/USDC | +0.1096% | 1h | 62.450 | +0.058% | $456K | $501K | 20x | as long as short |
| GRVT DRAM_USDT_Perp | +0.1102% | 8h | 62.497 | +0.133% | $37K | $152K | 10x | as long as short |
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Lighter DRAM
QFEX DRAM-USD
Coinbase International DRAM-PERP-INTX
tradeXYZ xyz:DRAM
Paradex DRAM-USD-PERP
OKX DRAM-USDT-SWAP
Deribit DRAM_USDC-PERPETUAL
Bybit DRAMUSDT
Entropy io:DRAM
Aster DRAMUSDT
Bitget DRAMUSDT
Arcus DRAM-USD
MEXC DRAM_USDT
Binance DRAMUSDT
Extended DRAM-USD
Gate DRAM_USDT
BloFin DRAM-USDT
RISEx DRAM/USDC
GRVT DRAM_USDT_Perp