DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0320%/8h= +35.1% APRnext payment +$3.20 per $10,000 · paid last 24h +0.020%

Price spread now: Bybit against Orderly−0.027%50s7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.027% cheaper against Orderly than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$10 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_DRAM_USDC_mythos	62.550	0.0100	pay 0.0100% / 8h	7h 12m	$9K	—	10x
Short	Bybit DRAMUSDT	62.533	0.0420	get 0.0420% / 8h	7h 12m	$9.6M	$10.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Orderly. 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 OrderlybpFee BybitbpOrdersPrice spread, now −0.027%Rate

Funding earned: $67.29
Price spread: −0.027% → 0.000%: −$2.72
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $47.57
Costs to cover: 0.170%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 6 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 Orderly no order-book sample	—	—	—	—	—
Sell Bybit live order book, 6 min ago	1.60 bp	7.5 bp −$8	12.8 bp −$128	124.3 bp −$12.4K	doesn't fit

Orderly: 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
SunX DRAM-USDT	0.0000%	8h	62.490	−0.096%	$764	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.370	−0.288%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.510	−0.064%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.478	−0.115%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.450	−0.160%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.476	−0.118%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.515	−0.056%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.430	−0.192%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	62.567	+0.026%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.510	−0.063%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.460	−0.144%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.560	+0.016%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	62.550	long leg	$9K	—	10x
Lighter DRAM	+0.0104%	1h	62.501	−0.078%	$972K	$1.3M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.533	−0.028%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.480	−0.112%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.256%	$540K	$91K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0222%	8h	62.495	−0.088%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0225%	1h	62.477	−0.117%	$82.3M	$37.7M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.500	−0.080%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0239%	8h	62.510	−0.064%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDTshort	+0.0420%	8h	62.533	−0.027%	$9.6M	$10.4M	100x
Aster DRAMUSDT	+0.0468%	8h	62.411	−0.222%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0522%	1h	62.433	−0.187%	$254K	$455K	25x	as long as short
Variational Omni DRAM	+0.0544%	8h	62.545	−0.008%	$2.4M	$750K	—	as long as short
MEXC DRAM_USDT	+0.0591%	8h	62.490	−0.096%	$9.7M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.486	−0.102%	$76K	$663K	10x	as long as short
Binance DRAMUSDT	+0.0595%	8h	62.500	−0.080%	$45.0M	$82.0M	50x	as long as short
Bitget DRAMUSDT	+0.0597%	8h	62.500	−0.080%	$26.2M	$12.9M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.510	−0.064%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0793%	8h	62.520	−0.048%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0958%	8h	62.530	−0.032%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1048%	8h	62.562	+0.019%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.489	−0.097%	$460K	$496K	20x	as long as short