DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0319%/8h= −34.9% APRnext payment −$3.19 per $10,000 · paid last 24h −0.046%

Price spread now: Phemex against MEXC+0.033%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.033%, 7d avg +0.007%

Together, before fees−0.193%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.025% dearer against MEXC than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of +0.007%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.169% in total) that is about 25 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.169% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.19 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC DRAM_USDT	61.450	0.0319	pay 0.0319% / 8h	5h 52m	$9.0M	$5.4M	100x
Short	Phemex DRAMUSDT	61.470	0	get 0.0000% / 8h	5h 52m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$66.99
Price spread: +0.033% → +0.007%: $2.53
Slippage, 4 orders: −$85.57
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$162.03
Costs to cover: 0.976%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	0.81 bp	0.8 bp −$1	1.6 bp −$16	7.0 bp −$705	doesn't fit
Sell Phemex live order book, 4 min ago	2.44 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.480	+0.049%	$9.6M	$11.2M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.470	+0.033%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.480	+0.049%	$689	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.410	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.470	+0.033%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0030%	1h	61.349	−0.165%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.400	−0.081%	$60K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.460	+0.016%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.462	+0.020%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.483	+0.054%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.420	−0.049%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.330	−0.195%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0062%	4h	61.351	−0.160%	$149K	$298K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.460	+0.016%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.468	+0.030%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.400	−0.081%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.480	+0.049%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.470	+0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.487	+0.060%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0131%	8h	61.479	+0.048%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0131%	1h	61.444	−0.010%	$79.8M	$38.3M	20x	as long as short
Gate DRAM_USDT	+0.0133%	8h	61.480	+0.049%	$8.0M	$3.7M	75x	as long as short
Lighter DRAM	+0.0136%	1h	61.455	+0.008%	$1.1M	$1.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	61.450	0.000%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDT	+0.0227%	8h	61.374	−0.124%	$196K	$28K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.195%	$537K	$91K	20x	as long as short
Variational Omni DRAM	+0.0250%	8h	61.369	−0.131%	$2.2M	$688K	—	as long as short
BloFin DRAM-USDT	+0.0311%	8h	61.500	+0.081%	$305K	$27K	20x	as long as short
MEXC DRAM_USDTlong	+0.0319%	8h	61.450	long leg	$9.0M	$5.4M	100x
Extended DRAM-USD	+0.0320%	1h	61.430	−0.033%	$100K	$298K	10x	as long as short
Binance DRAMUSDT	+0.0326%	8h	61.460	+0.016%	$44.6M	$97.6M	50x	as long as short
Entropy io:DRAM	+0.0484%	1h	61.476	+0.042%	$326K	$1.7M	25x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.446	−0.006%	$462K	$370K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0764%	8h	61.460	+0.016%	$37K	$220K	10x	as long as short