DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0134%/8h= +14.6% APRnext payment +$0.17 per $10,000 · paid last 24h +0.031%

Price spread now: Coinbase International against Ondo Perps−0.147%7-day average −0.051% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.237%+$24 on $10k

Price spread, last 4 days (all we have)+0.269%+$27 · spread now −0.147%, 7d avg −0.051%

Together, before fees+0.505%+ Points / potential airdropOndo Perps: Active · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.096% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.147% now, against its 7-day average of −0.051%). If the spread goes back, that is −$10 on $10k: about 2.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps DRAM-USD.P	61.200	0.0050	pay 0.0006% / 1h	12m 22s	$1.1M	$3.3M	10x
Short	Coinbase International DRAM-PERP-INTX	61.110	0.0184	get 0.0023% / 1h	12m 22s	$525K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.147%Rate

Funding earned: $28.06
Price spread: −0.147% → −0.051%: −$9.56
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.49
Costs to cover: 0.150%
Break-even: 6.1 days

Slippage unknown: Ondo Perps: no order-book sample; Coinbase International: live order book, 36 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 36 min ago	4.06 bp	9.1 bp −$9	14.9 bp −$149	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget DRAMUSDT	−0.0526%	8h	61.340	+0.229%	$26.0M	$14.2M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.301	+0.165%	$425K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.142	−0.094%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.240	+0.065%	$777	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.140	−0.098%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.240	+0.065%	$1.7M	$1.3M	10x	as long as short
Gate DRAM_USDT	+0.0008%	8h	61.370	+0.278%	$8.0M	$3.7M	75x	as long as short
Bybit DRAMUSDT	+0.0012%	8h	61.390	+0.310%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	61.197	−0.006%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.200	0.000%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0045%	8h	61.370	+0.278%	$5.5M	$5.6M	50x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.280	+0.131%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.310	+0.180%	$998K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.296	+0.157%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.245	+0.074%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.Plong	+0.0050%	1h	61.200	long leg	$1.1M	$3.3M	10x
Aster DRAMUSDT	+0.0064%	8h	61.340	+0.229%	$197K	$35K	20x	as long as short
Entropy io:DRAM	+0.0084%	1h	61.174	−0.042%	$169K	$470K	25x	as long as short
edgeX DRAMUSDC	+0.0096%	4h	61.124	−0.124%	$148K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.237	+0.060%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.230	+0.049%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.120	−0.131%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.310	+0.180%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.306	+0.174%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.115	−0.139%	$2.3M	$670K	—	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	61.312	+0.183%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0145%	1h	61.326	+0.206%	$79.4M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0154%	8h	61.250	+0.082%	$300K	$26K	20x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.284	+0.137%	$76K	$188K	10x	as long as short
MEXC DRAM_USDT	+0.0168%	8h	61.320	+0.196%	$8.1M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0171%	8h	61.360	+0.261%	$43.9M	$86.5M	50x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0184%	1h	61.110	−0.147%	$525K	$75K	20x
Lighter DRAM	+0.0240%	1h	61.319	+0.194%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0403%	1h	61.250	+0.082%	$13K	$3K	20x	as long as short