Funding you earn now, next payment 16:00 UTC−0.0198%/8h= −21.6% APRnext payment −$1.98 per $10,000 · paid last 24h −0.016%
Price spread now: KuCoin against Binance−0.156%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$890.891% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 7 days+0.135%+$14 · spread now −0.156%, 7d avg −0.048%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.108% cheaper against Binance than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.98 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance DRAMUSDT | 61.396 | 0.0298 | pay 0.0298% / 8h | 5h 56m | $44.6M | $97.2M | 50x |
| Short | KuCoin DRAMUSDTM | 61.300 | 0.0100 | get 0.0100% / 8h | 5h 56m | $3.0M | $422K | 20x |
Binance DRAMUSDT
KuCoin DRAMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$41.51
- Price spread: −0.156% → −0.048%
- −$10.81
- Slippage, 4 orders
- −$67.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$141.41
- Costs to cover
- 0.891%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; KuCoin: live order book, 3 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 Binance live order book, 9 min ago | 0.81 bp | 5.8 bp −$6 | 7.5 bp −$75 | 40.6 bp −$4,063 | 226.0 bp −$113.0K |
| Sell KuCoin live order book, 3 min ago | 1.63 bp | 21.7 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
DRAM on 34 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit DRAMUSDT | 0.0000% | 8h | 61.409 | +0.022% | $9.6M | $11.2M | 100x | as long as short |
| Bitget DRAMUSDT | 0.0000% | 8h | 61.410 | +0.023% | $26.8M | $16.9M | 20x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 61.370 | −0.042% | $851 | $2.4M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 61.310 | −0.140% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 61.380 | −0.026% | $1.7M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0032% | 1h | 61.297 | −0.161% | $1K | $27K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 61.330 | −0.107% | $59K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 61.370 | −0.042% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 61.344 | −0.084% | $255K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.375 | −0.034% | $2K | $15K | 20x | as long as short |
Bybit DRAMUSDT
Bitget DRAMUSDT
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 61.310 | −0.140% | $1.1M | $3.6M | 10x | as long as short |
| QFEX DRAM-USD | +0.0057% | 1h | 61.380 | −0.026% | $1.0M | $97K | 10x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0076% | 1h | 61.350 | −0.075% | $13K | $3K | 20x | as long as short |
| edgeX DRAMUSDC | +0.0084% | 4h | 61.344 | −0.084% | $149K | $300K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.360 | −0.058% | $74K | $30K | 10x | as long as short |
| KuCoin DRAMUSDTMshort | +0.0100% | 8h | 61.300 | −0.156% | $3.0M | $422K | 20x | |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.360 | −0.058% | $21K | $185K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 61.370 | −0.042% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.330 | −0.108% | $4K | — | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0132% | 8h | 61.355 | −0.067% | — | — | 5x | as long as short |
| Gate DRAM_USDT | +0.0132% | 8h | 61.410 | +0.023% | $8.0M | $3.7M | 75x | as long as short |
| tradeXYZ xyz:DRAM | +0.0135% | 1h | 61.360 | −0.058% | $79.5M | $38.2M | 20x | as long as short |
| Lighter DRAM | +0.0144% | 1h | 61.374 | −0.035% | $1.1M | $1.4M | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0167% | 8h | 61.410 | +0.023% | $5.5M | $6.7M | 50x | as long as short |
| Aster DRAMUSDT | +0.0203% | 8h | 61.370 | −0.042% | $196K | $28K | 20x | as long as short |
| Variational Omni DRAM | +0.0227% | 8h | 61.361 | −0.057% | $2.2M | $688K | — | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0232% | 1h | 61.330 | −0.107% | $537K | $91K | 20x | as long as short |
| MEXC DRAM_USDT | +0.0295% | 8h | 61.390 | −0.009% | $9.7M | $5.3M | 100x | as long as short |
| Extended DRAM-USD | +0.0296% | 1h | 61.354 | −0.068% | $100K | $298K | 10x | as long as short |
| Binance DRAMUSDTlong | +0.0298% | 8h | 61.396 | long leg | $44.6M | $97.2M | 50x | |
| RISEx DRAM/USDC | +0.0600% | 1h | 61.348 | −0.078% | $461K | $370K | 20x | as long as short |
| BloFin DRAM-USDT | +0.0665% | 8h | 61.390 | −0.009% | $305K | $27K | 20x | as long as short |
| Entropy io:DRAM | +0.0694% | 1h | 61.337 | −0.096% | $342K | $1.7M | 25x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0732% | 8h | 61.370 | −0.042% | $37K | $219K | 10x | as long as short |
Ondo Perps DRAM-USD.P
QFEX DRAM-USD
Deribit DRAM_USDC-PERPETUAL
edgeX DRAMUSDC
Pacifica DRAM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Paradex DRAM-USD-PERP
Gate DRAM_USDT
tradeXYZ xyz:DRAM
Lighter DRAM
OKX DRAM-USDT-SWAP
Aster DRAMUSDT
Variational Omni DRAM
Coinbase International DRAM-PERP-INTX
MEXC DRAM_USDT
Extended DRAM-USD
RISEx DRAM/USDC
BloFin DRAM-USDT
Entropy io:DRAM
GRVT DRAM_USDT_Perp