DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against KuCoin+0.144%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$178as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.189%−$19 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.144%, 7d avg +0.039%

Together, before fees−0.313%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.105% dearer against KuCoin than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.039%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DRAMUSDTM	62.450	0.0100	pay 0.0100% / 8h	7h 26m	$3.0M	$431K	20x
Short	Phemex DRAMUSDT	62.540	0	get 0.0000% / 8h	7h 26m	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$21
Price spread: +0.144% → +0.039%: $10.53
Slippage, 4 orders: −$134.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$169.4
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Phemex: live order book, 2 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 KuCoin live order book, 6 min ago	1.61 bp	41.3 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	1.60 bp	52.4 bp −$52	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
SunX DRAM-USDT	0.0000%	8h	62.550	+0.160%	$679	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.430	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.540	+0.144%	$1.8M	$1.3M	10x
edgeX DRAMUSDC	+0.0027%	4h	62.341	−0.175%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.352	−0.156%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.460	+0.016%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.516	+0.106%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.498	+0.077%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	0.000%	$1.1M	$1.9M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.530	+0.128%	$13K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.477	+0.043%	$76K	$41K	10x	as long as short
KuCoin DRAMUSDTMlong	+0.0100%	8h	62.450	long leg	$3.0M	$431K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	62.390	−0.096%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.550	+0.160%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.535	+0.136%	$4K	—	10x	as long as short
Lighter DRAM	+0.0128%	1h	62.539	+0.143%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.500	+0.080%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.096%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0214%	8h	62.533	+0.132%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0232%	8h	62.540	+0.144%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0252%	1h	62.525	+0.120%	$82.1M	$39.5M	20x	as long as short
Aster DRAMUSDT	+0.0410%	8h	62.405	−0.072%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0473%	8h	62.550	+0.160%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0480%	8h	62.530	+0.128%	$26.2M	$12.9M	20x	as long as short
Variational Omni DRAM	+0.0481%	8h	62.305	−0.232%	$2.4M	$751K	—	as long as short
Entropy io:DRAM	+0.0523%	1h	62.373	−0.123%	$254K	$463K	25x	as long as short
Extended DRAM-USD	+0.0536%	1h	62.506	+0.090%	$76K	$769K	10x	as long as short
MEXC DRAM_USDT	+0.0537%	8h	62.530	+0.128%	$9.8M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0544%	8h	62.510	+0.096%	$44.7M	$81.8M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.410	−0.064%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0757%	8h	62.540	+0.144%	$8.3M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0771%	8h	62.312	−0.221%	$37K	$157K	10x	as long as short
BloFin DRAM-USDT	+0.0922%	8h	62.550	+0.160%	$299K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.508	+0.093%	$462K	$495K	20x	as long as short