DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0139%/8h= −15.2% APRnext payment −$1.39 per $10,000 · paid last 24h −0.023%

Price spread now: Phemex against GRVT−0.032%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1141.143% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 3 days (all we have)+0.021%+$2 · spread now −0.032%, 7d avg −0.006%

Together, before fees−0.044%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.026% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.006%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DRAM_USDT_Perp	61.790	0.0139	pay 0.0139% / 8h	1h 27m	$36K	$183K	10x
Short	Phemex DRAMUSDT	61.770	0	get 0.0000% / 8h	1h 27m	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$29.19
Price spread: −0.032% → −0.006%: −$2.62
Slippage, 4 orders: −$93.28
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$146.09
Costs to cover: 1.143%
Break-even: never at this rate

Slippage from GRVT: live order book, 54 min ago; Phemex: live order book, 6 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, 54 min ago	1.62 bp	6.1 bp −$6	18.2 bp −$182	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	2.43 bp	50.0 bp −$50	doesn't fit	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
Gate DRAM_USDT	0.0000%	8h	61.790	0.000%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.770	−0.032%	$723	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.770	−0.032%	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0037%	1h	61.724	−0.107%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.227%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.668	−0.197%	$254K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.735	−0.089%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.765	−0.040%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.720	−0.113%	$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
QFEX DRAM-USD	+0.0052%	1h	61.740	−0.081%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0055%	4h	61.775	−0.025%	$153K	$288K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.705	−0.138%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.760	−0.049%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.830	+0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	−0.016%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0102%	8h	61.740	−0.081%	$198K	$36K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.782	−0.013%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0110%	8h	61.770	−0.032%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0110%	8h	61.760	−0.049%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perplong	+0.0139%	8h	61.790	long leg	$36K	$183K	10x
Paradex DRAM-USD-PERP	+0.0162%	8h	61.756	−0.055%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.101%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.340%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0227%	8h	61.810	+0.032%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.754	−0.058%	$77K	$765K	10x	as long as short
MEXC DRAM_USDT	+0.0234%	8h	61.750	−0.065%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0235%	8h	61.766	−0.039%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.773	−0.028%	$455K	$454K	20x	as long as short
Lighter DRAM	+0.0312%	1h	61.775	−0.024%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0314%	1h	61.733	−0.092%	$79.3M	$39.6M	20x	as long as short
BloFin DRAM-USDT	+0.0432%	8h	61.770	−0.032%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.780	−0.016%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.750	−0.065%	$50K	$92K	10x	as long as short