DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0740%/8h= +81.0% APRnext payment +$7.40 per $10,000 · paid last 24h −0.004%

Price spread now: BloFin against Gate−0.048%93s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.559% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 3 days (all we have)+0.103%+$10 · spread now −0.048%, 7d avg +0.009%

Together, before fees+0.165%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.057% cheaper against Gate than usual: you would sell low and buy high (spread −0.048% now, against its 7-day average of +0.009%). If the spread goes back, that is −$6 on $10k: about 6 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.062% in total) that is about 6.5 days. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.062% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.40 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	Gate DRAM_USDT	62.070	0	get 0.0000% / 8h	1m 28s	$8.3M	$3.5M	75x
Short	BloFin DRAM-USDT	62.040	0.0740	get 0.0740% / 8h	1m 28s	$295K	$27K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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 GatebpFee BloFinbpOrdersPrice spread, now −0.048%Rate

Funding earned: $155.31
Price spread: −0.048% → +0.009%: −$5.7
Slippage, 4 orders: −$28.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: $93.74
Costs to cover: 0.559%
Break-even: 2.8 days

Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 5 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 Gate live order book, 2 min ago	1.61 bp	17.2 bp −$17	28.4 bp −$284	165.7 bp −$16.6K	doesn't fit
Sell BloFin live order book, 5 min ago	0.81 bp	10.2 bp −$10	16.2 bp −$162	62.0 bp −$6,196	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
Gate DRAM_USDTlong	0.0000%	8h	62.070	long leg	$8.3M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	62.060	−0.016%	$548	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.020	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.020	−0.081%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	62.017	−0.086%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.540	−0.854%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.017	−0.085%	$215K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.040	−0.048%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.960	−0.177%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	62.024	−0.074%	$153K	$290K	20x	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	62.030	−0.064%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.989	−0.130%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.000	−0.113%	$3.0M	$469K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.060	−0.016%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.040	−0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.059	−0.018%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0189%	8h	62.060	−0.016%	$5.4M	$4.6M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.880	−0.306%	$535K	$94K	20x	as long as short
Bitget DRAMUSDT	+0.0196%	8h	62.050	−0.032%	$26.2M	$12.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0218%	8h	62.046	−0.039%	—	—	5x	as long as short
Lighter DRAM	+0.0248%	1h	62.048	−0.035%	$960K	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0249%	1h	61.925	−0.234%	$252K	$493K	25x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.049	−0.034%	$457K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0299%	8h	62.080	+0.016%	$9.3M	$10.6M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0300%	1h	62.028	−0.068%	$81.1M	$40.7M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0314%	8h	62.070	0.000%	$37K	$170K	10x	as long as short
Aster DRAMUSDT	+0.0314%	8h	62.010	−0.097%	$199K	$36K	20x	as long as short
Variational Omni DRAM	+0.0410%	8h	62.037	−0.054%	$2.4M	$948K	—	as long as short
Extended DRAM-USD	+0.0448%	1h	62.028	−0.068%	$78K	$768K	10x	as long as short
MEXC DRAM_USDT	+0.0448%	8h	62.040	−0.048%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0449%	8h	62.050	−0.032%	$43.7M	$82.8M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0557%	1h	62.030	−0.064%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	62.030	−0.064%	$50K	$89K	10x	as long as short
BloFin DRAM-USDTshort	+0.0740%	8h	62.040	−0.048%	$295K	$27K	20x