DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0440%/8h= −48.2% APRnext payment −$0.55 per $10,000 · paid last 24h −0.009%

Price spread now: Coinbase International against Extended−0.134%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$270.274% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.182%+$18 on $10k

Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.134%, 7d avg −0.128%

Together, before fees+0.392%+ Points / potential airdropExtended: Active · farm board+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.128%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.182%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.182% in total (about 9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended DRAM-USD	62.214	0.0592	pay 0.0074% / 1h	23m 46s	$75K	$669K	10x
Short	Coinbase International DRAM-PERP-INTX	62.130	0.0152	get 0.0019% / 1h	23m 46s	$534K	$93K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.134%Rate

Funding earned: −$92.4
Price spread: −0.134% → −0.128%: −$0.58
Slippage, 4 orders: −$12.42
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$120.4
Costs to cover: 0.274%
Break-even: never at this rate

Slippage from Extended: live order book, 44 min ago; Coinbase International: live order book, 44 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 Extended live order book, 44 min ago	0.40 bp	3.2 bp −$3	7.0 bp −$70	doesn't fit	doesn't fit
Sell Coinbase International live order book, 44 min ago	4.00 bp	11.3 bp −$11	14.7 bp −$147	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	+0.091%	$821	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	+0.043%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.250	+0.059%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	62.251	+0.060%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.223	+0.015%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	+0.027%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.210	−0.006%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.250	+0.059%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.246	+0.052%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.239	+0.041%	$2K	$15K	20x	as long as short

Show 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	−0.070%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0058%	1h	62.193	−0.033%	$253K	$430K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.193	−0.034%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	+0.043%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.038%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	+0.075%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.263	+0.080%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0152%	1h	62.130	−0.134%	$534K	$93K	20x
Lighter DRAM	+0.0160%	1h	62.228	+0.023%	$966K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0179%	8h	62.224	+0.016%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.240	+0.043%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0234%	1h	62.210	−0.006%	$81.9M	$36.7M	20x	as long as short
Bitget DRAMUSDT	+0.0275%	8h	62.240	+0.043%	$26.0M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0344%	8h	62.270	+0.091%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0427%	8h	62.258	+0.071%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0467%	8h	62.262	+0.078%	$200K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0554%	1h	62.230	+0.027%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	+0.114%	$2.4M	$756K	—	as long as short
Gate DRAM_USDT	+0.0566%	8h	62.270	+0.091%	$8.2M	$3.5M	75x	as long as short
Extended DRAM-USDlong	+0.0592%	1h	62.214	long leg	$75K	$669K	10x
Binance DRAMUSDT	+0.0592%	8h	62.230	+0.027%	$44.7M	$82.0M	50x	as long as short
MEXC DRAM_USDT	+0.0593%	8h	62.230	+0.027%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.230	+0.027%	$448K	$504K	20x	as long as short