DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0027%/8h= −3.0% APRnext payment −$0.03 per $10,000 · paid last 24h −0.041%

Price spread now: Entropy against Deribit−0.144%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Entropy is 0.144% cheaper against Deribit than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	61.970	0.0234	pay 0.0029% / 1h	48m 25s	$13K	$9K	20x
Short	Entropy io:DRAM	61.881	0.0207	get 0.0026% / 1h	48m 25s	$260K	$502K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against Deribit. 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 DeribitbpFee EntropybpOrdersPrice spread, now −0.144%Rate

Funding earned: −$5.76
Price spread: −0.144% → 0.000%: −$14.36
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$45.12
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Entropy: live order book, 17 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Entropy live order book, 17 min ago	3.00 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	61.970	0.000%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.950	−0.032%	$841	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.900	−0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.860	−0.178%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	61.941	−0.047%	$153K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.911	−0.095%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.161%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.931	−0.063%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.945	−0.040%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.890	−0.129%	$1.2M	$1.8M	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	+0.0079%	1h	61.950	−0.032%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.963	−0.011%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.890	−0.129%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	−0.048%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.960	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.967	−0.005%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0136%	8h	61.980	+0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0139%	8h	61.960	−0.016%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0154%	8h	61.917	−0.085%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0169%	8h	61.958	−0.019%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0170%	8h	61.940	−0.048%	$36K	$178K	10x	as long as short
Lighter DRAM	+0.0192%	1h	61.964	−0.010%	$977K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.629%	$510K	$43K	20x	as long as short
Entropy io:DRAMshort	+0.0207%	1h	61.881	−0.144%	$260K	$502K	25x
Deribit DRAM_USDC-PERPETUALlong	+0.0234%	1h	61.970	long leg	$13K	$9K	20x
Variational Omni DRAM	+0.0237%	8h	61.947	−0.037%	$2.4M	$948K	—	as long as short
Bybit DRAMUSDT	+0.0270%	8h	62.000	+0.048%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0285%	8h	61.950	−0.032%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0287%	8h	61.960	−0.016%	$43.9M	$82.4M	50x	as long as short
Extended DRAM-USD	+0.0288%	1h	61.959	−0.018%	$77K	$766K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0293%	1h	61.952	−0.029%	$80.3M	$39.8M	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.961	−0.015%	$457K	$475K	20x	as long as short
BloFin DRAM-USDT	+0.0537%	8h	61.930	−0.065%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	−0.032%	$50K	$89K	10x	as long as short