Funding you earn now, next payment 01:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.12 per $10,000 · paid last 24h +0.007%
Price spread now: Entropy against Coinbase International+0.101%7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$560.565% of the position
Funding, last 4 days (all we have)−0.046%−$5 on $10k
+Price spread, last 3 days (all we have)−0.170%−$17 · spread now +0.101%, 7d avg +0.162%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Entropy is 0.061% cheaper against Coinbase International than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.162%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International DRAM-PERP-INTX | 62.130 | 0.0152 | pay 0.0019% / 1h | 23m 40s | $534K | $93K | 20x |
| Short | Entropy io:DRAM | 62.193 | 0.0058 | get 0.0007% / 1h | 23m 40s | $253K | $430K | 25x |
Coinbase International DRAM-PERP-INTX
Entropy io:DRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against Coinbase International. 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
- −$19.72
- Price spread: +0.101% → +0.162%
- −$6.08
- Slippage, 4 orders
- −$28.47
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$82.27
- Costs to cover
- 0.565%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 44 min ago; Entropy: live order book, 21 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 Coinbase International live order book, 44 min ago | 4.00 bp | 9.7 bp −$10 | 13.8 bp −$138 | doesn't fit | doesn't fit |
| Sell Entropy live order book, 21 min ago | 3.21 bp | 17.7 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
DRAM on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX DRAM-USDT | 0.0000% | 8h | 62.270 | +0.225% | $821 | $2.9M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.240 | +0.177% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.250 | +0.193% | $1.7M | $1.3M | 10x | as long as short |
| edgeX DRAMUSDC | +0.0019% | 4h | 62.251 | +0.194% | $151K | $296K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0034% | 1h | 62.223 | +0.149% | $1K | $34K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.230 | +0.161% | $51K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.210 | +0.129% | — | — | 10x | as long as short |
| QFEX DRAM-USD | +0.0046% | 1h | 62.250 | +0.193% | $1.0M | $78K | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.246 | +0.187% | $266K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.239 | +0.175% | $2K | $15K | 20x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
QFEX DRAM-USD
Polymarket Perps DRAM-USD
SoDEX DRAM-USDShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.170 | +0.064% | $1.1M | $1.9M | 10x | as long as short |
| Entropy io:DRAMshort | +0.0058% | 1h | 62.193 | +0.101% | $253K | $430K | 25x | |
| Pacifica DRAM | +0.0100% | 1h | 62.193 | +0.101% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.240 | +0.177% | $3.0M | $404K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.190 | +0.097% | $22K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.260 | +0.209% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.263 | +0.215% | $4K | — | 10x | as long as short |
| Coinbase International DRAM-PERP-INTXlong | +0.0152% | 1h | 62.130 | long leg | $534K | $93K | 20x | |
| Lighter DRAM | +0.0160% | 1h | 62.228 | +0.158% | $966K | $1.0M | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0179% | 8h | 62.224 | +0.151% | — | — | 5x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0228% | 8h | 62.240 | +0.177% | $5.5M | $4.5M | 50x | as long as short |
| tradeXYZ xyz:DRAM | +0.0234% | 1h | 62.210 | +0.129% | $81.9M | $36.7M | 20x | as long as short |
| Bitget DRAMUSDT | +0.0275% | 8h | 62.240 | +0.177% | $26.0M | $12.9M | 20x | as long as short |
| Bybit DRAMUSDT | +0.0344% | 8h | 62.270 | +0.225% | $9.6M | $10.1M | 100x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0427% | 8h | 62.258 | +0.205% | $37K | $154K | 10x | as long as short |
| Aster DRAMUSDT | +0.0467% | 8h | 62.262 | +0.213% | $200K | $36K | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0554% | 1h | 62.230 | +0.161% | $13K | $3K | 20x | as long as short |
| Variational Omni DRAM | +0.0556% | 8h | 62.285 | +0.249% | $2.4M | $756K | — | as long as short |
| Gate DRAM_USDT | +0.0566% | 8h | 62.270 | +0.225% | $8.2M | $3.5M | 75x | as long as short |
| Extended DRAM-USD | +0.0592% | 1h | 62.214 | +0.134% | $75K | $669K | 10x | as long as short |
| Binance DRAMUSDT | +0.0592% | 8h | 62.230 | +0.161% | $44.7M | $82.0M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0593% | 8h | 62.230 | +0.161% | $9.7M | $5.9M | 100x | as long as short |
| RISEx DRAM/USDC | +0.0835% | 1h | 62.230 | +0.161% | $448K | $504K | 20x | as long as short |
Ondo Perps DRAM-USD.P
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Lighter DRAM
Paradex DRAM-USD-PERP
OKX DRAM-USDT-SWAP
tradeXYZ xyz:DRAM
Bitget DRAMUSDT
Bybit DRAMUSDT
GRVT DRAM_USDT_Perp
Aster DRAMUSDT
Deribit DRAM_USDC-PERPETUAL
Variational Omni DRAM
Gate DRAM_USDT
Extended DRAM-USD
Binance DRAMUSDT
MEXC DRAM_USDT
RISEx DRAM/USDC