DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0108%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.036%

Price spread now: Coinbase International against ApeX Omni−0.178%75s7-day average −0.170% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1041.044% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 3 days (all we have)+0.145%+$14 · spread now −0.178%, 7d avg −0.170%

Together, before fees+0.302%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.170%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 75 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	ApeX Omni DRAMUSDT	61.690	0.0100	pay 0.0013% / 1h	27m 46s	$22K	$184K	50x
Short	Coinbase International DRAM-PERP-INTX	61.580	0.0208	get 0.0026% / 1h	27m 46s	$510K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.178%Rate

Funding earned: $22.68
Price spread: −0.178% → −0.170%: −$0.84
Slippage, 4 orders: −$84.42
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$82.59
Costs to cover: 1.044%
Break-even: 32.5 days

Slippage from ApeX Omni: live order book, 53 min ago; Coinbase International: live order book, 55 min ago.

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 ApeX Omni live order book, 53 min ago	24.33 bp	40.7 bp −$41	208.1 bp −$2,081	doesn't fit	doesn't fit
Sell Coinbase International live order book, 55 min ago	2.43 bp	8.2 bp −$8	11.2 bp −$112	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	61.790	+0.162%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.770	+0.130%	$723	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	+0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.770	+0.130%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.724	+0.055%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.660	−0.049%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.668	−0.036%	$254K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.756	+0.107%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.765	+0.122%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.720	+0.049%	$1.2M	$1.7M	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	+0.0052%	1h	61.750	+0.097%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.737	+0.075%	$153K	$290K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.705	+0.024%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.760	+0.113%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	61.690	long leg	$22K	$184K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	+0.146%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0102%	8h	61.740	+0.081%	$198K	$36K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.782	+0.150%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0110%	8h	61.770	+0.130%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0110%	8h	61.760	+0.113%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0137%	8h	61.740	+0.081%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0162%	8h	61.756	+0.107%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	+0.060%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0208%	1h	61.580	−0.178%	$510K	$43K	20x
Bybit DRAMUSDT	+0.0227%	8h	61.810	+0.195%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.754	+0.104%	$77K	$765K	10x	as long as short
MEXC DRAM_USDT	+0.0234%	8h	61.750	+0.097%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0235%	8h	61.763	+0.119%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.773	+0.134%	$455K	$454K	20x	as long as short
Lighter DRAM	+0.0312%	1h	61.775	+0.138%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0314%	1h	61.733	+0.070%	$79.3M	$39.6M	20x	as long as short
BloFin DRAM-USDT	+0.0432%	8h	61.770	+0.130%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.780	+0.146%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.750	+0.097%	$50K	$92K	10x	as long as short