DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0239%/8h= −26.2% APRnext payment −$2.39 per $10,000 · paid last 24h −0.027%

Price spread now: OKX against Binance+0.028%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.028%, 7d avg −0.004%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.032% dearer against Binance than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.004%): +$3 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.053% in total) that is about 4.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.39 per $10,000. 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	Binance DRAMUSDT	62.113	0.0311	pay 0.0311% / 8h	3h 49m	$44.6M	$80.4M	50x
Short	OKX DRAM-USDT-SWAP	62.130	0.0072	get 0.0072% / 8h	3h 49m	$5.4M	$4.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Binance. 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 BinancebpFee OKXbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$50.28
Price spread: +0.028% → −0.004%: $3.17
Slippage, 4 orders: −$6.49
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$73.6
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; OKX: 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, 8 min ago	0.80 bp	5.8 bp −$6	8.3 bp −$83	31.4 bp −$3,145	doesn't fit
Sell OKX live order book, 3 min ago	0.80 bp	7.7 bp −$8	14.6 bp −$146	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
RISEx DRAM/USDC	0.0000%	1h	62.109	−0.005%	$438K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.130	+0.028%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.199	+0.140%	$37K	$179K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.120	+0.012%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.180	+0.108%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.130	+0.028%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.155	+0.068%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	62.100	−0.021%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.140	+0.044%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.090	−0.037%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.088	−0.040%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.125	+0.020%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.050	−0.101%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0052%	1h	62.131	+0.029%	$159K	$451K	25x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0072%	8h	62.130	+0.028%	$5.4M	$4.5M	50x
Deribit DRAM_USDC-PERPETUAL	+0.0072%	1h	62.100	−0.021%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.100	−0.021%	—	—	5x	as long as short
Lighter DRAM	+0.0080%	1h	62.119	+0.010%	$1.0M	$1.2M	20x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.186	+0.117%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.117	+0.007%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.080	−0.053%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.230	+0.189%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.120	+0.012%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.120	+0.011%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	−0.004%	$533K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0109%	8h	62.146	+0.054%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0129%	1h	62.092	−0.033%	$81.3M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0196%	8h	62.121	+0.014%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0261%	8h	62.144	+0.050%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0296%	8h	62.190	+0.124%	$301K	$26K	20x	as long as short
Binance DRAMUSDTlong	+0.0311%	8h	62.113	long leg	$44.6M	$80.4M	50x
Extended DRAM-USD	+0.0312%	1h	62.083	−0.048%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0313%	8h	62.090	−0.037%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0584%	8h	62.160	+0.076%	$8.1M	$3.5M	75x	as long as short