Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.010%

Price spread now: RISEx against Variational Omni−0.090%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 Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.090%, 7d avg −0.007%

Together, before fees−0.077%+ Points / potential airdropVariational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and RISEx is 0.083% cheaper against Variational Omni than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni DRAM	61.095	0.0113	pay 0.0113% / 8h	2h 26m	$2.3M	$676K	—
Short	RISEx DRAM/USDC	61.040	0	get 0.0000% / 1h	26m 09s	$423K	$507K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$23.71
Price spread: −0.090% → −0.007%: −$8.27
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$37.98
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; RISEx: live order book, 22 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, 3 min ago	3.12 bp	doesn't fit	7.6 bp −$76	doesn't fit	doesn't fit
Sell RISEx live order book, 22 min ago	1.70 bp	4.7 bp −$5	5.4 bp −$54	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
Bitget DRAMUSDT	−0.0412%	8h	61.110	+0.025%	$25.8M	$14.0M	20x	as long as short
RISEx DRAM/USDCshort	0.0000%	1h	61.040	−0.090%	$423K	$507K	20x
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	+0.074%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.100	+0.008%	$750	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.237%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.140	+0.074%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0012%	8h	61.104	+0.015%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.070	−0.041%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0033%	8h	61.110	+0.025%	$5.4M	$5.3M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.010	−0.139%	$48K	$75K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.060	−0.057%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.070	−0.041%	$995K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.029	−0.108%	$168K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.054	−0.067%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.018	−0.126%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.940	−0.254%	$1.1M	$3.1M	10x	as long as short
Aster DRAMUSDT	+0.0062%	8h	61.086	−0.015%	$196K	$35K	20x	as long as short
edgeX DRAMUSDC	+0.0071%	4h	61.119	+0.039%	$148K	$297K	20x	as long as short
Gate DRAM_USDT	+0.0083%	8h	61.150	+0.090%	$8.0M	$3.7M	75x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	61.040	−0.089%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.046	−0.080%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.050	−0.074%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	−0.041%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.070	−0.041%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.060	−0.057%	$4K	—	10x	as long as short
Variational Omni DRAMlong	+0.0113%	8h	61.095	long leg	$2.3M	$676K	—
tradeXYZ xyz:DRAM	+0.0126%	1h	61.067	−0.046%	$79.1M	$36.0M	20x	as long as short
BloFin DRAM-USDT	+0.0130%	8h	60.980	−0.188%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0168%	8h	61.087	−0.012%	$43.7M	$85.5M	50x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.060	−0.057%	$76K	$191K	10x	as long as short
MEXC DRAM_USDT	+0.0170%	8h	61.090	−0.008%	$8.1M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	−0.057%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.094	−0.002%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0241%	1h	61.080	−0.024%	$13K	$3K	20x	as long as short