Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.2% APRpaid last 24h −0.017%

Price spread now: tradeXYZ against Variational Omni+0.011%7-day average −0.067% · you sell dearer than you buy

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.011%, 7d avg −0.067%

Together, before fees−0.061%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.079% dearer against Variational Omni than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.067%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 3 days (−0.003% in total) that is about 3 months.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.003% in total (about -0.3% 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	62.404	0.0326	pay 0.0326% / 8h	4h 11m	$2.4M	$747K	—
Short	tradeXYZ xyz:DRAM	62.411	0.0086	get 0.0011% / 1h	11m 30s	$81.8M	$35.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$50.34
Price spread: +0.011% → −0.067%: $7.86
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$60.48
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; tradeXYZ: live order book, 7 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, 3 min ago	3.08 bp	doesn't fit	6.5 bp −$65	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.16 bp	9.6 bp −$10	11.6 bp −$116	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
RISEx DRAM/USDC	0.0000%	1h	62.422	+0.030%	$441K	$502K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.430	+0.042%	$914	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.007%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.430	+0.042%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0003%	8h	62.405	+0.001%	$36K	$174K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.402	−0.003%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.407	+0.005%	$1.0M	$1.1M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	−0.007%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.055%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.397	−0.011%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.418	+0.022%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.370	−0.055%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.410	+0.009%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	62.390	−0.023%	$151K	$299K	20x	as long as short
Bitget DRAMUSDT	+0.0073%	8h	62.440	+0.058%	$26.2M	$13.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0084%	8h	62.411	+0.012%	—	—	5x	as long as short
tradeXYZ xyz:DRAMshort	+0.0086%	1h	62.411	+0.011%	$81.8M	$35.5M	20x
OKX DRAM-USDT-SWAP	+0.0099%	8h	62.440	+0.058%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.382	−0.035%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	+0.009%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.058%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.430	+0.042%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.437	+0.053%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0134%	8h	62.460	+0.090%	$9.7M	$9.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.119%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0155%	1h	62.401	−0.005%	$183K	$441K	25x	as long as short
Aster DRAMUSDT	+0.0249%	8h	62.426	+0.035%	$201K	$35K	20x	as long as short
Variational Omni DRAMlong	+0.0326%	8h	62.404	long leg	$2.4M	$747K	—
Extended DRAM-USD	+0.0360%	1h	62.416	+0.020%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0364%	8h	62.436	+0.051%	$44.9M	$80.1M	50x	as long as short
MEXC DRAM_USDT	+0.0365%	8h	62.430	+0.042%	$8.9M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.410	+0.009%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0398%	8h	62.460	+0.090%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0635%	8h	62.460	+0.090%	$8.2M	$3.5M	75x	as long as short