DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0471%/8h= −51.5% APRnext payment −$4.71 per $10,000 · paid last 24h −0.063%

Price spread now: Phemex against BloFin−0.016%59s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as 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−$1201.204% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.121%−$12 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.016%, 7d avg −0.003%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.71 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	BloFin DRAM-USDT	61.760	0.0471	pay 0.0471% / 8h	1h 15m	$294K	$27K	20x
Short	Phemex DRAMUSDT	61.750	0	get 0.0000% / 8h	1h 15m	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$98.83
Price spread: −0.016% → −0.003%: −$1.36
Slippage, 4 orders: −$96.37
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$220.57
Costs to cover: 1.204%
Break-even: never at this rate

Slippage from BloFin: live order book, 61 min ago; Phemex: live order book, 2 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 BloFin live order book, 61 min ago	0.81 bp	8.3 bp −$8	12.9 bp −$129	40.2 bp −$4,022	doesn't fit
Sell Phemex live order book, 2 min ago	2.43 bp	58.1 bp −$58	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	61.780	+0.032%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.750	−0.016%	$614	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.720	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.750	−0.016%	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0036%	1h	61.733	−0.045%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.032%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.749	−0.018%	$260K	$509K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.730	−0.049%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.745	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.750	−0.016%	$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	−0.016%	$1.0M	$80K	10x	as long as short
edgeX DRAMUSDC	+0.0062%	4h	61.777	+0.028%	$153K	$289K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.710	−0.081%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.740	−0.032%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.800	+0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	−0.032%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.757	−0.004%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0106%	8h	61.740	−0.032%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0113%	8h	61.770	+0.016%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0115%	8h	61.780	+0.032%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0145%	8h	61.807	+0.076%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0156%	8h	61.730	−0.048%	—	—	5x	as long as short
Variational Omni DRAM	+0.0196%	8h	61.777	+0.028%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.291%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0229%	8h	61.795	+0.057%	$9.3M	$10.4M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0236%	1h	61.750	−0.016%	$13K	$9K	20x	as long as short
Binance DRAMUSDT	+0.0238%	8h	61.763	+0.005%	$43.8M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.749	−0.018%	$77K	$765K	10x	as long as short
MEXC DRAM_USDT	+0.0241%	8h	61.750	−0.016%	$11.2M	$6.4M	100x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.757	−0.006%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.769	+0.015%	$967K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0294%	1h	61.746	−0.023%	$79.2M	$39.5M	20x	as long as short
BloFin DRAM-USDTlong	+0.0471%	8h	61.760	long leg	$294K	$27K	20x
Arcus DRAM-USD	+0.0649%	1h	61.740	−0.032%	$50K	$91K	10x	as long as short