Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0089%/8h= −9.8% APRpaid last 24h +0.037%

Price spread now: Variational Omni against ApeX Omni−0.042%7-day average −0.022% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.042%, 7d avg −0.022%

Together, before fees−0.017%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.020% cheaper against ApeX Omni than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DRAMUSDT	61.060	0.0100	pay 0.0013% / 1h	13m 18s	$21K	$185K	50x
Short	Variational Omni DRAM	61.034	0.0011	get 0.0011% / 8h	1h 13m	$2.3M	$683K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against ApeX 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 ApeX OmnibpFee Variational OmnibpOrdersPrice spread, now −0.042%Rate

Funding earned: −$18.74
Price spread: −0.042% → −0.022%: −$2.04
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$30.78
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 28 min ago; Variational Omni: RFQ quote, 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 ApeX Omni live order book, 28 min ago	26.98 bp	40.6 bp −$41	220.2 bp −$2,202	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.11 bp	doesn't fit	7.3 bp −$73	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
Bitget DRAMUSDT	−0.0612%	8h	61.070	+0.016%	$26.1M	$14.8M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.080	+0.033%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.100	+0.066%	$9.4M	$10.3M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.070	+0.016%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.039	−0.035%	$423K	$351K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.090	+0.049%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.050	−0.016%	$36K	$204K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.050	−0.016%	$766	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.030	−0.049%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.020	−0.066%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDT	0.0000%	8h	61.070	+0.016%	$1.7M	$1.3M	10x	as long as short
Variational Omni DRAMshort	+0.0011%	8h	61.034	−0.042%	$2.3M	$683K	—
edgeX DRAMUSDC	+0.0029%	4h	61.033	−0.045%	$148K	$300K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.045	−0.025%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.030	−0.049%	$994K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.040	−0.033%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.040	−0.033%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.038	−0.036%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.024	−0.059%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.047	−0.021%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.000	−0.098%	$1.1M	$3.5M	10x	as long as short
Extended DRAM-USD	+0.0064%	1h	61.030	−0.049%	$74K	$190K	10x	as long as short
Binance DRAMUSDT	+0.0065%	8h	61.054	−0.010%	$43.7M	$88.2M	50x	as long as short
MEXC DRAM_USDT	+0.0066%	8h	61.030	−0.049%	$7.7M	$5.7M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0085%	8h	61.049	−0.018%	—	—	5x	as long as short
BloFin DRAM-USDT	+0.0087%	8h	61.050	−0.016%	$299K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0100%	1h	61.025	−0.057%	$79.0M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.056	−0.006%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.030	−0.049%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	61.060	long leg	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.040	−0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.042	−0.029%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.082%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0216%	1h	61.081	+0.034%	$1.1M	$1.2M	20x	as long as short