DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.045%

Price spread now: Phemex against OKX0.000%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1181.184% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now 0.000%, 7d avg +0.001%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	61.930	0.0064	pay 0.0064% / 8h	3h 27m	$5.4M	$4.6M	50x
Short	Phemex DRAMUSDT	61.930	0	get 0.0000% / 8h	3h 27m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$13.49
Price spread: 0.000% → +0.001%: −$0.12
Slippage, 4 orders: −$96.37
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$131.99
Costs to cover: 1.184%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; Phemex: 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 OKX live order book, 6 min ago	0.81 bp	8.5 bp −$8	16.4 bp −$164	104.6 bp −$10.5K	doesn't fit
Sell Phemex live order book, 1 min ago	2.42 bp	46.2 bp −$46	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
RISEx DRAM/USDC	0.0000%	1h	61.948	+0.029%	$436K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.940	+0.016%	$26.1M	$13.6M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.959	+0.047%	$36K	$186K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.950	+0.032%	$768	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	+0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.930	0.000%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0022%	1h	61.918	−0.020%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.950	+0.032%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.940	+0.016%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.930	0.000%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.915	−0.024%	$172K	$461K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.907	−0.037%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.930	0.000%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.940	+0.016%	$1.1M	$2.4M	10x	as long as short
edgeX DRAMUSDC	+0.0056%	4h	61.959	+0.047%	$150K	$297K	20x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0064%	8h	61.930	long leg	$5.4M	$4.6M	50x
Bybit DRAMUSDT	+0.0088%	8h	61.940	+0.016%	$9.6M	$9.8M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.959	+0.047%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	−0.016%	$3.0M	$397K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.950	+0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.920	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.930	0.000%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.291%	$533K	$75K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0114%	8h	61.958	+0.045%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0136%	1h	61.901	−0.047%	$80.6M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0162%	8h	61.916	−0.022%	$199K	$35K	20x	as long as short
Lighter DRAM	+0.0184%	1h	61.931	+0.002%	$1.1M	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0226%	8h	61.974	+0.071%	$2.4M	$739K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0235%	1h	61.910	−0.032%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0261%	8h	61.960	+0.048%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0279%	8h	61.910	−0.032%	$44.4M	$81.1M	50x	as long as short
MEXC DRAM_USDT	+0.0279%	8h	61.920	−0.016%	$8.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0280%	1h	61.912	−0.029%	$76K	$547K	10x	as long as short
Gate DRAM_USDT	+0.0458%	8h	61.950	+0.032%	$8.1M	$3.5M	75x	as long as short