Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0361%/8h= −39.5% APRpaid last 24h −0.016%

Price spread now: tradeXYZ against Variational Omni−0.002%7-day average −0.067% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 7 days−0.035%−$4 · spread now −0.002%, 7d avg −0.067%

Together, before fees−0.046%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.065% dearer against Variational Omni than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.067%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 3 days (−0.011% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.011% in total (about -1.2% 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	62.295	0.0592	pay 0.0592% / 8h	6h 56m	$2.4M	$751K	—
Short	tradeXYZ xyz:DRAM	62.294	0.0231	get 0.0029% / 1h	56m 04s	$82.0M	$37.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$75.81
Price spread: −0.002% → −0.067%: $6.49
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$87.33
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; tradeXYZ: 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, 3 min ago	3.09 bp	doesn't fit	10.2 bp −$102	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.08 bp	9.6 bp −$10	11.5 bp −$115	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
SunX DRAM-USDT	0.0000%	8h	62.310	+0.024%	$576	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.440	+0.232%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.300	+0.007%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.338	+0.069%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.340	+0.072%	$51K	$83K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.250	−0.073%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.270	−0.041%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.315	+0.032%	$254K	$449K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.287	−0.013%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.291	−0.007%	$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	62.250	−0.073%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0056%	4h	62.408	+0.182%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.274	−0.034%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.290	−0.009%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.400	+0.168%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.320	+0.040%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.328	+0.052%	$4K	—	10x	as long as short
Lighter DRAM	+0.0136%	1h	62.301	+0.009%	$968K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.152%	$540K	$91K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.275	−0.033%	—	—	5x	as long as short
tradeXYZ xyz:DRAMshort	+0.0231%	1h	62.294	−0.002%	$82.0M	$37.7M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.290	−0.009%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0240%	8h	62.310	+0.024%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0429%	8h	62.349	+0.086%	$9.6M	$10.3M	100x	as long as short
Aster DRAMUSDT	+0.0508%	8h	62.330	+0.056%	$200K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0557%	8h	62.300	+0.007%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAMlong	+0.0592%	8h	62.295	long leg	$2.4M	$751K	—
Extended DRAM-USD	+0.0632%	1h	62.293	−0.004%	$76K	$665K	10x	as long as short
Binance DRAMUSDT	+0.0633%	8h	62.311	+0.025%	$44.7M	$82.1M	50x	as long as short
MEXC DRAM_USDT	+0.0636%	8h	62.300	+0.007%	$9.7M	$5.9M	100x	as long as short
Gate DRAM_USDT	+0.0770%	8h	62.330	+0.056%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.305	+0.015%	$455K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0972%	8h	62.400	+0.168%	$299K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1010%	8h	62.440	+0.232%	$37K	$152K	10x	as long as short