DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0052%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h −0.003%

Price spread now: tradeXYZ against Entropy+0.036%7-day average −0.039% · 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−$700.702% of the position

Long on Entropy Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.036%, 7d avg −0.039%

Together, before fees−0.080%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.075% dearer against Entropy than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.084	0.0050	pay 0.0006% / 1h	18m 14s	$180K	$480K	25x
Short	tradeXYZ xyz:DRAM	61.106	0.0102	get 0.0013% / 1h	18m 14s	$79.1M	$35.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Entropy. 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 EntropybpFee tradeXYZbpOrdersPrice spread, now +0.036%Rate

Funding earned: $10.83
Price spread: +0.036% → −0.039%: $7.47
Slippage, 4 orders: −$34.19
Fee Entropy: 9 bp × 2 orders: −$18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$51.9
Costs to cover: 0.702%
Break-even: 40.5 days

Slippage from Entropy: live order book, 47 min ago; tradeXYZ: live order book, 11 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 Entropy live order book, 47 min ago	2.44 bp	22.6 bp −$23	101.7 bp −$1,017	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.08 bp	11.0 bp −$11	12.6 bp −$126	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
Bitget DRAMUSDT	−0.0589%	8h	61.160	+0.124%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.156	+0.117%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.184	+0.164%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.099	+0.025%	$423K	$353K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.170	+0.141%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.171	+0.142%	$36K	$203K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.110	+0.043%	$786	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.130	+0.075%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.140	+0.092%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0001%	8h	61.130	+0.075%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DRAM-USDT	+0.0006%	8h	61.150	+0.108%	$299K	$26K	20x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	61.166	+0.135%	$148K	$298K	20x	as long as short
Variational Omni DRAM	+0.0023%	8h	61.144	+0.099%	$2.3M	$683K	—	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.116	+0.053%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.120	+0.059%	$995K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.110	+0.043%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.090	+0.010%	—	—	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	61.084	long leg	$180K	$480K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.092	+0.013%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.106	+0.036%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.040	−0.072%	$1.1M	$3.5M	10x	as long as short
Extended DRAM-USD	+0.0072%	1h	61.105	+0.034%	$74K	$189K	10x	as long as short
Binance DRAMUSDT	+0.0073%	8h	61.148	+0.105%	$43.7M	$87.8M	50x	as long as short
MEXC DRAM_USDT	+0.0074%	8h	61.140	+0.092%	$8.0M	$5.7M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0087%	8h	61.096	+0.020%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.131	+0.076%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.090	+0.010%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.120	+0.059%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.110	+0.043%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAMshort	+0.0102%	1h	61.106	+0.036%	$79.1M	$35.8M	20x
Aevo DRAM-PERP	+0.0104%	1h	61.105	+0.035%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.043%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0224%	1h	61.156	+0.118%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.120	+0.059%	$13K	$3K	20x	as long as short