DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0250%/8h= −27.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.041%

Price spread now: tradeXYZ against Deribit−0.021%51s7-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 tradeXYZ

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—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and tradeXYZ is 0.021% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit DRAM_USDC-PERPETUAL	61.960	0.0558	pay 0.0070% / 1h	15m 28s	$13K	$9K	20x
Short	tradeXYZ xyz:DRAM	61.947	0.0307	get 0.0038% / 1h	15m 28s	$80.6M	$40.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$52.57
Price spread: −0.021% → 0.000%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$79.67
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.32 bp	10.0 bp −$10	11.4 bp −$114	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	61.960	0.000%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	+0.032%	$846	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.800	−0.258%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0002%	4h	61.980	+0.033%	$153K	$291K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.979	+0.030%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.850	−0.178%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.936	−0.039%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.975	+0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.910	−0.081%	$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	61.940	−0.032%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.972	+0.019%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	−0.032%	$3.0M	$472K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.910	−0.081%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.960	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.998	+0.061%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0175%	8h	61.970	+0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0180%	8h	61.960	0.000%	$26.0M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.613%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0209%	8h	61.957	−0.005%	—	—	5x	as long as short
Lighter DRAM	+0.0240%	1h	61.964	+0.006%	$978K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0277%	8h	61.984	+0.039%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0286%	8h	61.989	+0.047%	$36K	$171K	10x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.963	+0.005%	$456K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0295%	8h	61.983	+0.037%	$9.3M	$10.5M	100x	as long as short
tradeXYZ xyz:DRAMshort	+0.0307%	1h	61.947	−0.021%	$80.6M	$40.0M	20x
Entropy io:DRAM	+0.0331%	1h	61.902	−0.094%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0371%	8h	61.986	+0.042%	$2.4M	$953K	—	as long as short
Extended DRAM-USD	+0.0408%	1h	61.948	−0.019%	$77K	$767K	10x	as long as short
MEXC DRAM_USDT	+0.0409%	8h	61.950	−0.016%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0415%	8h	61.958	−0.004%	$43.6M	$82.2M	50x	as long as short
Deribit DRAM_USDC-PERPETUALlong	+0.0558%	1h	61.960	long leg	$13K	$9K	20x
Arcus DRAM-USD	+0.0680%	1h	61.940	−0.032%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0680%	8h	62.030	+0.113%	$253K	$27K	20x	as long as short