DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −11.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.036%

Price spread now: Phemex against Aster+0.070%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1091.091% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.070%, 7d avg +0.001%

Together, before fees−0.202%+ Points / potential airdropAster: Stage 5 · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.070% dearer against Aster than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of +0.001%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	61.587	0.0100	pay 0.0100% / 8h	2h 28m	$201K	$33K	20x
Short	Phemex DRAMUSDT	61.630	0	get 0.0000% / 8h	2h 28m	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$21.05
Price spread: +0.070% → +0.001%: $6.98
Slippage, 4 orders: −$89.07
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$123.14
Costs to cover: 1.091%
Break-even: never at this rate

Slippage from Aster: live order book, 57 min ago; Phemex: live order book, 4 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 Aster live order book, 57 min ago	2.44 bp	11.2 bp −$11	30.0 bp −$300	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.25 bp	50.9 bp −$51	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
Gate DRAM_USDT	0.0000%	8h	61.630	+0.070%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.630	+0.070%	$940	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.570	−0.027%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.630	+0.070%	$1.8M	$1.3M	10x
edgeX DRAMUSDC	+0.0036%	4h	61.628	+0.067%	$152K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.567	−0.032%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.560	−0.043%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.596	+0.015%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.627	+0.066%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.550	−0.059%	$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
OKX DRAM-USDT-SWAP	+0.0064%	8h	61.670	+0.135%	$5.4M	$4.9M	50x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.620	+0.054%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.551	−0.058%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.570	−0.027%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.540	−0.076%	$22K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.630	+0.070%	$8K	—	10x	as long as short
Aster DRAMUSDTlong	+0.0100%	8h	61.587	long leg	$201K	$33K	20x
Aevo DRAM-PERP	+0.0104%	1h	61.634	+0.077%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.620	+0.054%	$25.9M	$12.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.628	+0.068%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0167%	8h	61.656	+0.113%	$9.1M	$10.2M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0168%	1h	61.601	+0.023%	$79.0M	$39.7M	20x	as long as short
Variational Omni DRAM	+0.0170%	8h	61.632	+0.074%	$2.4M	$998K	—	as long as short
GRVT DRAM_USDT_Perp	+0.0177%	8h	61.621	+0.055%	$36K	$190K	10x	as long as short
Entropy io:DRAM	+0.0186%	1h	61.566	−0.033%	$249K	$503K	25x	as long as short
MEXC DRAM_USDT	+0.0228%	8h	61.620	+0.054%	$11.1M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.623	+0.059%	$102K	$741K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.124%	$510K	$43K	20x	as long as short
Binance DRAMUSDT	+0.0235%	8h	61.630	+0.070%	$43.7M	$82.6M	50x	as long as short
Lighter DRAM	+0.0240%	1h	61.627	+0.066%	$991K	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0246%	8h	61.640	+0.087%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.630	+0.070%	$475K	$439K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0562%	1h	61.630	+0.070%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.620	+0.054%	$50K	$96K	10x	as long as short