Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.039%

Price spread now: edgeX against Variational Omni−0.006%7-day average −0.002% · you buy dearer than you sell

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

Long on Variational Omni Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.006%, 7d avg −0.002%

Together, before fees+0.038%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.009% in total (about -1.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DRAM	61.767	0.0201	pay 0.0201% / 8h	1h 04m	$2.4M	$938K	—
Short	edgeX DRAMUSDC	61.763	0.0000	get 0.0000% / 4h	1h 04m	$153K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$42.17
Price spread: −0.006% → −0.002%: −$0.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$51.63
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; edgeX: live order book, 13 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 edgeX live order book, 13 min ago	2.43 bp	7.5 bp −$7	15.0 bp −$150	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
Gate DRAM_USDT	0.0000%	8h	61.800	+0.054%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.790	+0.038%	$885	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	−0.011%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.800	+0.054%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDCshort	0.0000%	4h	61.763	−0.006%	$153K	$289K	20x
Aftermath Perps DRAMUSD	+0.0036%	1h	61.766	−0.001%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.043%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.718	−0.079%	$260K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.770	+0.005%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.787	+0.033%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.730	−0.059%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.780	+0.022%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.737	−0.048%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	+0.005%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.770	+0.005%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	+0.022%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.802	+0.057%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0111%	8h	61.747	−0.032%	$199K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0116%	8h	61.780	+0.022%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0120%	8h	61.800	+0.054%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.782	+0.025%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0156%	8h	61.785	+0.030%	—	—	5x	as long as short
Variational Omni DRAMlong	+0.0201%	8h	61.767	long leg	$2.4M	$938K	—
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.302%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0240%	8h	61.848	+0.132%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0244%	8h	61.790	+0.038%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0245%	8h	61.798	+0.051%	$43.9M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.787	+0.032%	$77K	$766K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.793	+0.043%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.796	+0.047%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0286%	1h	61.779	+0.020%	$79.3M	$39.3M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.780	+0.022%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0476%	8h	61.760	−0.011%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	+0.005%	$50K	$91K	10x	as long as short