DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0278%/8h= +30.5% APRnext payment +$2.78 per $10,000 · paid last 24h +0.041%

Price spread now: Variational Omni against Phemex−0.001%7-day average −0.007% · you buy dearer than you sell

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

Long on Phemex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.095%+$9 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.001%, 7d avg −0.007%

Together, before fees+0.079%+ Points / potential airdropVariational Omni: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.095% in total (about 9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.78 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.460	0	get 0.0000% / 8h	5h 48m	$1.7M	$1.3M	10x
Short	Variational Omni DRAM	61.459	0.0278	get 0.0278% / 8h	5h 48m	$2.2M	$689K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Phemex. 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 PhemexbpFee Variational OmnibpOrdersPrice spread, now −0.001%Rate

Funding earned: $58.48
Price spread: −0.001% → −0.007%: $0.6
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $47.08
Costs to cover: 0.120%
Break-even: 1.4 days

Slippage unknown: Phemex: live order book, 3 min ago; 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 Phemex live order book, 3 min ago	1.63 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.11 bp	doesn't fit	3.7 bp −$37	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.437	−0.037%	$9.6M	$11.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.430	−0.049%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.450	−0.016%	$910	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.400	−0.098%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.460	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0029%	1h	61.402	−0.095%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.360	−0.163%	$60K	$81K	10x	as long as short
edgeX DRAMUSDC	+0.0042%	4h	61.465	+0.008%	$149K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.460	0.000%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.452	−0.013%	$256K	$1.3M	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	61.469	+0.015%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.130%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.500	+0.065%	$1.0M	$98K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.460	0.000%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0088%	1h	61.404	−0.091%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.431	−0.047%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	−0.114%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.500	+0.065%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.470	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.467	+0.011%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0105%	1h	61.397	−0.103%	$79.7M	$38.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0127%	8h	61.396	−0.104%	—	—	5x	as long as short
Gate DRAM_USDT	+0.0129%	8h	61.460	0.000%	$8.0M	$3.8M	75x	as long as short
OKX DRAM-USDT-SWAP	+0.0172%	8h	61.440	−0.033%	$5.5M	$6.7M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.212%	$537K	$91K	20x	as long as short
Aster DRAMUSDT	+0.0235%	8h	61.423	−0.061%	$196K	$28K	20x	as long as short
Variational Omni DRAMshort	+0.0278%	8h	61.459	−0.001%	$2.2M	$689K	—
Binance DRAMUSDT	+0.0332%	8h	61.429	−0.050%	$44.6M	$97.8M	50x	as long as short
MEXC DRAM_USDT	+0.0334%	8h	61.420	−0.065%	$9.0M	$5.4M	100x	as long as short
Extended DRAM-USD	+0.0336%	1h	61.409	−0.083%	$100K	$295K	10x	as long as short
BloFin DRAM-USDT	+0.0441%	8h	61.480	+0.033%	$306K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.420	−0.065%	$462K	$369K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0779%	8h	61.473	+0.021%	$37K	$220K	10x	as long as short
Entropy io:DRAM	+0.0808%	1h	61.359	−0.164%	$321K	$1.7M	25x	as long as short