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+0.038%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+0.149%+$15 · spread now +0.038%, 7d avg +0.098%

Together, before fees+0.175%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$17 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 0.060% cheaper against Ondo Perps than usual: you would sell low and buy high (−$6 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	60.930	0.0050	pay 0.0006% / 1h	35m 24s	$1.1M	$3.5M	10x
Short	Variational Omni DRAM	60.953	0	get 0.0000% / 8h	35m 24s	$2.3M	$580K	—

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 +0.038%Rate

Funding earned: −$10.58
Price spread: +0.038% → +0.098%: −$6.02
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: −$21.6
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 4 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, 4 min ago	3.13 bp	doesn't fit	6.6 bp −$66	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	−0.0742%	8h	61.010	+0.131%	$26.4M	$15.0M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.953	+0.038%	$196K	$35K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.956	+0.043%	$422K	$341K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.020	+0.148%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAMshort	0.0000%	8h	60.953	+0.038%	$2.3M	$580K	—
GRVT DRAM_USDT_Perp	0.0000%	8h	60.996	+0.109%	$36K	$205K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.970	+0.066%	$869	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.960	+0.049%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.980	+0.082%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0002%	8h	61.010	+0.131%	$9.6M	$10.4M	100x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0010%	8h	60.990	+0.098%	$5.4M	$6.0M	50x	as long as short
Extended DRAM-USD	+0.0032%	1h	60.943	+0.022%	$77K	$196K	10x	as long as short
MEXC DRAM_USDT	+0.0032%	8h	60.950	+0.033%	$7.7M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0032%	8h	60.960	+0.049%	$43.7M	$88.7M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	60.968	+0.062%	$1K	$30K	5x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	60.963	+0.055%	$148K	$298K	20x	as long as short
BloFin DRAM-USDT	+0.0038%	8h	61.000	+0.115%	$297K	$26K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.950	+0.033%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.970	+0.066%	$992K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.940	+0.016%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.931	+0.002%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.928	−0.003%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.964	+0.056%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	60.930	long leg	$1.1M	$3.5M	10x
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.930	0.000%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.986	+0.092%	$73K	$38K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.950	+0.033%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.960	+0.049%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.960	+0.049%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0102%	8h	60.970	+0.066%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.951	+0.035%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.910	−0.033%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0201%	1h	60.944	+0.023%	$78.8M	$35.9M	20x	as long as short
Lighter DRAM	+0.0368%	1h	60.995	+0.107%	$1.1M	$1.2M	20x	as long as short