Funding you earn now, next payment 01:00 UTC−0.0410%/8h= −44.9% APRpaid last 24h −0.017%
Price spread now: Coinbase International against MEXC−0.321%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$230.228% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 3 days (all we have)+0.394%+$39 · spread now −0.321%, 7d avg −0.155%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Coinbase International is 0.166% cheaper against MEXC than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.155%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.181%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment. 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 | MEXC DRAM_USDT | 62.240 | 0.0562 | pay 0.0562% / 8h | 6h 01m | $9.6M | $5.9M | 100x |
| Short | Coinbase International DRAM-PERP-INTX | 62.040 | 0.0152 | get 0.0019% / 1h | 1m 42s | $534K | $81K | 20x |
MEXC DRAM_USDT
Coinbase International DRAM-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against MEXC. 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
- −$86.1
- Price spread: −0.321% → −0.155%
- −$16.62
- Slippage, 4 orders
- −$12.77
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$125.49
- Costs to cover
- 0.228%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Coinbase International: 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 MEXC live order book, 1 min ago | 0.80 bp | 0.8 bp −$1 | 1.8 bp −$18 | 6.8 bp −$676 | 22.4 bp −$11.2K |
| Sell Coinbase International live order book, 1 min ago | 4.82 bp | 11.3 bp −$11 | 14.5 bp −$145 | doesn't fit | doesn't fit |
DRAM on 33 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 | 62.270 | +0.048% | $682 | $2.8M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.150 | −0.145% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.280 | +0.064% | $1.7M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0032% | 1h | 62.153 | −0.140% | $1K | $34K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.190 | −0.080% | $51K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.200 | −0.064% | — | — | 10x | as long as short |
| QFEX DRAM-USD | +0.0046% | 1h | 62.210 | −0.048% | $1.0M | $78K | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.231 | −0.014% | $266K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.262 | +0.035% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.160 | −0.129% | $1.2M | $1.9M | 10x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
QFEX DRAM-USD
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.PShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:DRAM | +0.0053% | 1h | 62.164 | −0.122% | $253K | $426K | 25x | as long as short |
| edgeX DRAMUSDC | +0.0073% | 4h | 62.214 | −0.042% | $151K | $298K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.192 | −0.078% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.200 | −0.064% | $3.0M | $401K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.200 | −0.064% | $22K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.290 | +0.080% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.293 | +0.084% | $4K | — | 10x | as long as short |
| Bitget DRAMUSDT | +0.0117% | 8h | 62.250 | +0.016% | $26.1M | $13.1M | 20x | as long as short |
| Coinbase International DRAM-PERP-INTXshort | +0.0152% | 1h | 62.040 | −0.321% | $534K | $81K | 20x | |
| Paradex DRAM-USD-PERP | +0.0155% | 8h | 62.228 | −0.019% | — | — | 5x | as long as short |
| Lighter DRAM | +0.0160% | 1h | 62.231 | −0.014% | $967K | $1.0M | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0210% | 1h | 62.220 | −0.032% | $82.1M | $37.0M | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0215% | 8h | 62.250 | +0.016% | $5.5M | $4.5M | 50x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0257% | 8h | 62.235 | −0.007% | $36K | $155K | 10x | as long as short |
| Bybit DRAMUSDT | +0.0270% | 8h | 62.290 | +0.080% | $9.6M | $10.1M | 100x | as long as short |
| Aster DRAMUSDT | +0.0439% | 8h | 62.266 | +0.042% | $200K | $36K | 20x | as long as short |
| Gate DRAM_USDT | +0.0498% | 8h | 62.290 | +0.080% | $8.2M | $3.5M | 75x | as long as short |
| Variational Omni DRAM | +0.0526% | 8h | 62.174 | −0.106% | $2.4M | $709K | — | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0554% | 1h | 62.260 | +0.032% | $13K | $3K | 20x | as long as short |
| Extended DRAM-USD | +0.0560% | 1h | 62.225 | −0.024% | $75K | $665K | 10x | as long as short |
| MEXC DRAM_USDTlong | +0.0562% | 8h | 62.240 | long leg | $9.6M | $5.9M | 100x | |
| Binance DRAMUSDT | +0.0563% | 8h | 62.240 | 0.000% | $44.6M | $81.7M | 50x | as long as short |
| RISEx DRAM/USDC | +0.0835% | 1h | 62.234 | −0.010% | $448K | $505K | 20x | as long as short |
Entropy io:DRAM
edgeX DRAMUSDC
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Bitget DRAMUSDT
Paradex DRAM-USD-PERP
Lighter DRAM
tradeXYZ xyz:DRAM
OKX DRAM-USDT-SWAP
GRVT DRAM_USDT_Perp
Bybit DRAMUSDT
Aster DRAMUSDT
Gate DRAM_USDT
Variational Omni DRAM
Deribit DRAM_USDC-PERPETUAL
Extended DRAM-USD
Binance DRAMUSDT
RISEx DRAM/USDC