Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.020%
Price spread now: KuCoin against Bybit−0.102%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$970.972% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days+0.019%+$2 · spread now −0.102%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.043% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.059%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.112%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DRAMUSDT | 61.653 | 0.0136 | pay 0.0136% / 8h | 2h 00m | $9.2M | $10.3M | 100x |
| Short | KuCoin DRAMUSDTM | 61.590 | 0.0100 | get 0.0100% / 8h | 2h 00m | $3.0M | $484K | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$7.48
- Price spread: −0.102% → −0.059%
- −$4.31
- Slippage, 4 orders
- −$74.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$108.96
- Costs to cover
- 0.972%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 6 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 Bybit live order book, 2 min ago | 0.81 bp | 9.3 bp −$9 | 17.2 bp −$172 | 202.6 bp −$20.3K | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 1.62 bp | 27.3 bp −$27 | 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 | 61.620 | −0.054% | $8.2M | $3.6M | 75x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 61.620 | −0.054% | $743 | $3.3M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 61.580 | −0.118% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 61.610 | −0.070% | $1.8M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0032% | 1h | 61.592 | −0.099% | $1K | $36K | 5x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 61.550 | −0.167% | — | $797 | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 61.539 | −0.185% | $252K | $504K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 61.592 | −0.099% | $203K | $1.2M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.613 | −0.065% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 61.540 | −0.183% | $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 | +0.0061% | 8h | 61.630 | −0.037% | $5.4M | $4.8M | 50x | as long as short |
| edgeX DRAMUSDC | +0.0063% | 4h | 61.602 | −0.082% | $152K | $290K | 20x | as long as short |
| QFEX DRAM-USD | +0.0080% | 1h | 61.600 | −0.086% | $1.0M | $77K | 10x | as long as short |
| Aster DRAMUSDT | +0.0083% | 8h | 61.600 | −0.086% | $198K | $36K | 20x | as long as short |
| Bitget DRAMUSDT | +0.0084% | 8h | 61.620 | −0.054% | $26.0M | $12.6M | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.551 | −0.165% | $75K | $40K | 10x | as long as short |
| KuCoin DRAMUSDTMshort | +0.0100% | 8h | 61.590 | −0.102% | $3.0M | $484K | 20x | |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.570 | −0.135% | $22K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 61.610 | −0.070% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.625 | −0.046% | $4K | — | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0128% | 8h | 61.593 | −0.098% | — | — | 5x | as long as short |
| tradeXYZ xyz:DRAM | +0.0133% | 1h | 61.592 | −0.099% | $78.9M | $39.7M | 20x | as long as short |
| Bybit DRAMUSDTlong | +0.0136% | 8h | 61.653 | long leg | $9.2M | $10.3M | 100x | |
| GRVT DRAM_USDT_Perp | +0.0144% | 8h | 61.590 | −0.102% | $36K | $190K | 10x | as long as short |
| Lighter DRAM | +0.0152% | 1h | 61.596 | −0.092% | $990K | $1.2M | 20x | as long as short |
| Variational Omni DRAM | +0.0167% | 8h | 61.582 | −0.115% | $2.4M | $978K | — | as long as short |
| MEXC DRAM_USDT | +0.0214% | 8h | 61.620 | −0.054% | $11.1M | $6.4M | 100x | as long as short |
| Binance DRAMUSDT | +0.0215% | 8h | 61.625 | −0.045% | $43.7M | $82.9M | 50x | as long as short |
| Extended DRAM-USD | +0.0216% | 1h | 61.617 | −0.058% | $102K | $741K | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0232% | 1h | 61.580 | −0.118% | $510K | $44K | 20x | as long as short |
| BloFin DRAM-USDT | +0.0233% | 8h | 61.640 | −0.021% | $295K | $26K | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0400% | 1h | 61.610 | −0.070% | $13K | $9K | 20x | as long as short |
| RISEx DRAM/USDC | +0.0459% | 1h | 61.620 | −0.054% | $479K | $443K | 20x | as long as short |
| Arcus DRAM-USD | +0.0739% | 1h | 61.610 | −0.070% | $50K | $93K | 10x | as long as short |
Bybit DRAMUSDT
KuCoin DRAMUSDTM
Gate DRAM_USDT
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
OKX DRAM-USDT-SWAP
edgeX DRAMUSDC
Aster DRAMUSDT
Bitget DRAMUSDT
Pacifica DRAM
ApeX Omni DRAMUSDT
Paradex DRAM-USD-PERP
tradeXYZ xyz:DRAM
GRVT DRAM_USDT_Perp
Lighter DRAM
Variational Omni DRAM
MEXC DRAM_USDT
Binance DRAMUSDT
Extended DRAM-USD
Coinbase International DRAM-PERP-INTX
BloFin DRAM-USDT
Deribit DRAM_USDC-PERPETUAL
RISEx DRAM/USDC