DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0303%/8h= −33.2% APRnext payment −$3.03 per $10,000 · paid last 24h +0.044%

Price spread now: Gate against GRVT+0.129%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.188%−$19 · spread now +0.129%, 7d avg −0.012%

Together, before fees−0.195%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.141% dearer against GRVT than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of −0.012%): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.006% in total) that is about 5 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.03 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	GRVT DRAM_USDT_Perp	61.990	0.0303	pay 0.0303% / 8h	5m 25s	$36K	$170K	10x
Short	Gate DRAM_USDT	62.070	0	get 0.0000% / 8h	5m 25s	$8.3M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now +0.129%Rate

Funding earned: −$63.63
Price spread: +0.129% → −0.012%: $14.11
Slippage, 4 orders: −$27.9
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$101.42
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Gate: live order book, 3 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 GRVT live order book, 2 min ago	1.61 bp	9.3 bp −$9	14.4 bp −$144	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.61 bp	15.6 bp −$16	19.8 bp −$198	23.3 bp −$2,327	55.5 bp −$27.8K

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_USDTshort	0.0000%	8h	62.070	+0.129%	$8.3M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	62.020	+0.048%	$760	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.050	+0.097%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	61.989	−0.001%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.960	−0.048%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.017	+0.044%	$215K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.045	+0.089%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.970	−0.032%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0058%	4h	62.029	+0.062%	$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	+0.065%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.989	−0.001%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.990	0.000%	$3.0M	$470K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.100	+0.177%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.040	+0.081%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.051	+0.098%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0184%	8h	62.060	+0.113%	$5.4M	$4.6M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.880	−0.177%	$535K	$94K	20x	as long as short
Bitget DRAMUSDT	+0.0195%	8h	62.060	+0.113%	$26.2M	$12.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0222%	8h	62.049	+0.096%	—	—	5x	as long as short
Lighter DRAM	+0.0248%	1h	62.054	+0.103%	$960K	$1.2M	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.057	+0.108%	$457K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0299%	8h	62.087	+0.156%	$9.3M	$10.5M	100x	as long as short
GRVT DRAM_USDT_Perplong	+0.0303%	8h	61.990	long leg	$36K	$170K	10x
Entropy io:DRAM	+0.0305%	1h	62.040	+0.081%	$252K	$492K	25x	as long as short
tradeXYZ xyz:DRAM	+0.0305%	1h	62.033	+0.069%	$81.1M	$40.7M	20x	as long as short
Aster DRAMUSDT	+0.0314%	8h	62.010	+0.032%	$199K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0395%	1h	62.020	+0.048%	$13K	$9K	20x	as long as short
Variational Omni DRAM	+0.0410%	8h	62.037	+0.075%	$2.4M	$948K	—	as long as short
MEXC DRAM_USDT	+0.0447%	8h	62.040	+0.081%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0448%	1h	62.038	+0.077%	$78K	$768K	10x	as long as short
Binance DRAMUSDT	+0.0449%	8h	62.050	+0.097%	$43.8M	$82.7M	50x	as long as short
Arcus DRAM-USD	+0.0680%	1h	62.030	+0.065%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0720%	8h	62.020	+0.048%	$295K	$27K	20x	as long as short