Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.011%

Price spread now: ApeX Omni against Variational Omni+0.066%73s7-day average +0.024% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.066%, 7d avg +0.024%

Together, before fees+0.005%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.043% dearer against Variational Omni than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.024%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours. The two prices were read 73 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	61.459	0.0278	pay 0.0278% / 8h	5h 48m	$2.2M	$689K	—
Short	ApeX Omni DRAMUSDT	61.500	0.0100	get 0.0013% / 1h	48m 20s	$21K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.066%Rate

Funding earned: −$37.48
Price spread: +0.066% → +0.024%: $4.26
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.23
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; ApeX Omni: live order book, 60 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, 4 min ago	3.11 bp	doesn't fit	8.9 bp −$89	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	27.92 bp	39.2 bp −$39	208.3 bp −$2,083	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	61.441	−0.030%	$9.6M	$11.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.450	−0.015%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.450	−0.015%	$910	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.400	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.460	+0.001%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.411	−0.079%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.360	−0.162%	$60K	$81K	10x	as long as short
edgeX DRAMUSDC	+0.0042%	4h	61.465	+0.009%	$149K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.360	−0.162%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.363	−0.157%	$255K	$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	61.431	−0.046%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.129%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.420	−0.064%	$1.0M	$98K	10x	as long as short
Lighter DRAM	+0.0088%	1h	61.404	−0.090%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.431	−0.046%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	−0.113%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.500	+0.066%	$21K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.430	−0.048%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.442	−0.027%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0108%	1h	61.404	−0.090%	$79.7M	$38.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0127%	8h	61.396	−0.103%	—	—	5x	as long as short
Gate DRAM_USDT	+0.0129%	8h	61.450	−0.015%	$8.0M	$3.8M	75x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	61.440	−0.031%	$5.5M	$6.7M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.210%	$537K	$91K	20x	as long as short
Aster DRAMUSDT	+0.0235%	8h	61.423	−0.058%	$196K	$28K	20x	as long as short
Variational Omni DRAMlong	+0.0278%	8h	61.459	long leg	$2.2M	$689K	—
Extended DRAM-USD	+0.0328%	1h	61.416	−0.070%	$100K	$295K	10x	as long as short
Binance DRAMUSDT	+0.0332%	8h	61.432	−0.044%	$44.6M	$97.9M	50x	as long as short
MEXC DRAM_USDT	+0.0334%	8h	61.410	−0.080%	$9.0M	$5.4M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0402%	1h	61.420	−0.064%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0441%	8h	61.480	+0.034%	$306K	$27K	20x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.420	−0.064%	$462K	$369K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0779%	8h	61.473	+0.022%	$37K	$220K	10x	as long as short
Entropy io:DRAM	+0.0808%	1h	61.359	−0.163%	$321K	$1.7M	25x	as long as short