Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0437%/8h= −47.9% APRpaid last 24h −0.041%

Price spread now: Aftermath Perps against Variational Omni−0.063%52s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aftermath Perps is 0.063% cheaper against Variational Omni than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DRAM	62.365	0.0474	pay 0.0474% / 8h	7h 33m	$2.4M	$761K	—
Short	Aftermath Perps DRAMUSD	62.326	0.0036	get 0.0005% / 1h	33m 36s	$1K	$35K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps 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 Aftermath PerpsbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$91.81
Price spread: −0.063% → 0.000%: −$6.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$107.11
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aftermath Perps: no order-book sample. 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, 1 min ago	3.09 bp	doesn't fit	7.5 bp −$75	doesn't fit	doesn't fit
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath 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
SunX DRAM-USDT	0.0000%	8h	62.290	−0.121%	$937	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.340	−0.041%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	−0.169%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSDshort	+0.0036%	1h	62.326	−0.063%	$1K	$35K	5x
Vest DRAM-USD-PERP	+0.0046%	1h	62.250	−0.185%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.238	−0.204%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.278	−0.140%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.240	−0.201%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0070%	4h	62.351	−0.023%	$151K	$296K	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.251	−0.183%	$963K	$1.2M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.263	−0.165%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.250	−0.185%	$3.0M	$438K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	+0.104%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.320	−0.073%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.313	−0.083%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.240	−0.201%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.714%	$535K	$95K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0206%	8h	62.256	−0.176%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0224%	8h	62.260	−0.169%	$5.5M	$4.7M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.250	−0.185%	$13K	$3K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0265%	1h	62.220	−0.233%	$81.6M	$39.4M	20x	as long as short
Bybit DRAMUSDT	+0.0333%	8h	62.295	−0.113%	$9.6M	$10.5M	100x	as long as short
Aster DRAMUSDT	+0.0386%	8h	62.251	−0.184%	$200K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0448%	8h	62.260	−0.169%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAMlong	+0.0474%	8h	62.365	long leg	$2.4M	$761K	—
Entropy io:DRAM	+0.0492%	1h	62.284	−0.130%	$254K	$462K	25x	as long as short
Binance DRAMUSDT	+0.0515%	8h	62.219	−0.235%	$44.4M	$81.5M	50x	as long as short
MEXC DRAM_USDT	+0.0516%	8h	62.250	−0.185%	$9.7M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0520%	1h	62.248	−0.187%	$75K	$769K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.320	−0.073%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0611%	8h	62.280	−0.137%	$8.3M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0866%	8h	62.370	+0.007%	$37K	$157K	10x	as long as short
BloFin DRAM-USDT	+0.0905%	8h	62.390	+0.040%	$298K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.245	−0.194%	$460K	$495K	20x	as long as short