DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0480%/8h= −52.5% APRnext payment −$4.80 per $10,000 · paid last 24h −0.067%

Price spread now: Phemex against Variational Omni−0.004%7-day average +0.008% · you buy dearer than you sell

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.095%−$9 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.004%, 7d avg +0.008%

Together, before fees−0.081%+ 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 +0.008%, so right now this pair is about funding alone: −$14 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 -0.095% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.80 per $10,000. 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	62.252	0.0480	pay 0.0480% / 8h	5h 29m	$2.4M	$715K	—
Short	Phemex DRAMUSDT	62.250	0	get 0.0000% / 8h	5h 29m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$100.71
Price spread: −0.004% → +0.008%: −$1.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$113.83
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Phemex: live order book, 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 Variational Omni RFQ quote, 5 min ago	3.09 bp	doesn't fit	7.6 bp −$76	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	2.41 bp	49.9 bp −$50	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.244	−0.013%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.260	+0.012%	$901	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	−0.020%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.250	−0.004%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0030%	1h	62.222	−0.048%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	−0.036%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	−0.084%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.221	−0.050%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.229	−0.037%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.148%	$1.2M	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.240	−0.020%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0062%	1h	62.191	−0.098%	$251K	$420K	25x	as long as short
edgeX DRAMUSDC	+0.0073%	4h	62.261	+0.014%	$151K	$298K	20x	as long as short
Bitget DRAMUSDT	+0.0081%	8h	62.250	−0.004%	$26.2M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.241	−0.018%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.230	−0.036%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	−0.068%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.012%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.249	−0.005%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.223	−0.047%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0136%	8h	62.215	−0.059%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0166%	8h	62.270	+0.029%	$37K	$157K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0180%	1h	62.225	−0.044%	$81.7M	$37.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.341%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0194%	8h	62.240	−0.020%	$5.5M	$4.4M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.240	−0.020%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0274%	8h	62.280	+0.045%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0396%	8h	62.252	0.000%	$200K	$36K	20x	as long as short
Variational Omni DRAMlong	+0.0480%	8h	62.252	long leg	$2.4M	$715K	—
Binance DRAMUSDT	+0.0516%	8h	62.249	−0.004%	$44.7M	$81.7M	50x	as long as short
MEXC DRAM_USDT	+0.0518%	8h	62.230	−0.036%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0520%	1h	62.215	−0.060%	$75K	$669K	10x	as long as short
Gate DRAM_USDT	+0.0551%	8h	62.290	+0.061%	$8.1M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0783%	8h	62.270	+0.029%	$302K	$26K	20x	as long as short