Funding you earn now, next payment 00:00 UTC+0.0161%/8h= +17.6% APRnext payment +$1.61 per $10,000 · paid last 24h −0.017%
Price spread now: Bybit against Gate+0.049%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now +0.049%, 7d avg +0.006%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate DRAM_USDT | 61.570 | 0 | get 0.0000% / 8h | 2h 36m | $8.2M | $3.5M | 75x |
| Short | Bybit DRAMUSDT | 61.600 | 0.0161 | get 0.0161% / 8h | 2h 36m | $9.1M | $10.2M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $33.76
- Price spread: +0.049% → +0.006%
- $4.23
- Slippage, 4 orders
- −$18.95
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$6.97
- Costs to cover
- 0.449%
- Break-even
- 8.4 days
Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 1.62 bp | 14.6 bp −$15 | 26.4 bp −$264 | 134.9 bp −$13.5K | 244.5 bp −$122.2K |
| Sell Bybit live order book, 1 min ago | 0.81 bp | 8.5 bp −$9 | 14.1 bp −$141 | 125.1 bp −$12.5K | 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 | 61.570 | long leg | $8.2M | $3.5M | 75x | |
| SunX DRAM-USDT | 0.0000% | 8h | 61.580 | +0.016% | $817 | $3.3M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 61.570 | 0.000% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 61.580 | +0.016% | $1.8M | $1.3M | 10x | as long as short |
| edgeX DRAMUSDC | +0.0009% | 4h | 61.562 | −0.012% | $152K | $289K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0038% | 1h | 61.565 | −0.008% | $1K | $36K | 5x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 61.540 | −0.049% | — | $797 | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 61.553 | −0.028% | $203K | $1.2M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.578 | +0.013% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 61.490 | −0.130% | $1.2M | $1.7M | 10x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DRAM-USDT-SWAP | +0.0051% | 8h | 61.560 | −0.016% | $5.4M | $4.9M | 50x | as long as short |
| QFEX DRAM-USD | +0.0080% | 1h | 61.590 | +0.032% | $1.0M | $77K | 10x | as long as short |
| Aster DRAMUSDT | +0.0081% | 8h | 61.518 | −0.085% | $201K | $33K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.515 | −0.089% | $75K | $40K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 61.540 | −0.049% | $3.0M | $483K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.500 | −0.114% | $22K | $181K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 61.590 | +0.032% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.591 | +0.035% | $4K | — | 10x | as long as short |
| Bitget DRAMUSDT | +0.0105% | 8h | 61.570 | 0.000% | $25.9M | $12.6M | 20x | as long as short |
| Variational Omni DRAM | +0.0150% | 8h | 61.565 | −0.008% | $2.4M | $1.0M | — | as long as short |
| GRVT DRAM_USDT_Perp | +0.0159% | 8h | 61.570 | 0.000% | $36K | $192K | 10x | as long as short |
| Bybit DRAMUSDTshort | +0.0161% | 8h | 61.600 | +0.049% | $9.1M | $10.2M | 100x | |
| Paradex DRAM-USD-PERP | +0.0162% | 8h | 61.575 | +0.008% | — | — | 5x | as long as short |
| tradeXYZ xyz:DRAM | +0.0165% | 1h | 61.554 | −0.026% | $78.9M | $39.6M | 20x | as long as short |
| BloFin DRAM-USDT | +0.0200% | 8h | 61.590 | +0.032% | $295K | $26K | 20x | as long as short |
| Entropy io:DRAM | +0.0208% | 1h | 61.538 | −0.052% | $249K | $503K | 25x | as long as short |
| MEXC DRAM_USDT | +0.0213% | 8h | 61.580 | +0.016% | $11.1M | $6.4M | 100x | as long as short |
| Binance DRAMUSDT | +0.0214% | 8h | 61.590 | +0.032% | $43.7M | $82.6M | 50x | as long as short |
| Extended DRAM-USD | +0.0216% | 1h | 61.580 | +0.016% | $102K | $741K | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0232% | 1h | 61.510 | −0.097% | $510K | $43K | 20x | as long as short |
| Lighter DRAM | +0.0240% | 1h | 61.589 | +0.031% | $990K | $1.2M | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0400% | 1h | 61.590 | +0.032% | $13K | $9K | 20x | as long as short |
| RISEx DRAM/USDC | +0.0459% | 1h | 61.585 | +0.024% | $474K | $440K | 20x | as long as short |
| Arcus DRAM-USD | +0.0739% | 1h | 61.570 | 0.000% | $50K | $96K | 10x | as long as short |
Gate DRAM_USDT
Bybit DRAMUSDT
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
OKX DRAM-USDT-SWAP
Aster DRAMUSDT
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Bitget DRAMUSDT
Variational Omni DRAM
GRVT DRAM_USDT_Perp
Paradex DRAM-USD-PERP
tradeXYZ xyz:DRAM
BloFin DRAM-USDT
MEXC DRAM_USDT
Binance DRAMUSDT
Extended DRAM-USD
Coinbase International DRAM-PERP-INTX
Lighter DRAM
Deribit DRAM_USDC-PERPETUAL
RISEx DRAM/USDC