Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against Orderly0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_DRAM_USDC_mythos | 61.030 | 0.0100 | pay 0.0100% / 8h | 4h 08m | $8K | — | 10x |
| Short | Phemex DRAMUSDT | 61.030 | 0 | get 0.0000% / 8h | 4h 08m | $1.7M | $1.3M | 10x |
Orderly PERP_DRAM_USDC_mythos
Phemex DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Orderly. 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
- −$21
- Price spread: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$39
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago | 4.91 bp | 47.0 bp −$47 | doesn't fit | doesn't fit | 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 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 | 61.040 | +0.016% | $9.5M | $11.1M | 100x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.998 | −0.053% | $458K | $365K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 61.030 | 0.000% | $7.9M | $3.5M | 75x | as long as short |
| Bitget DRAMUSDT | 0.0000% | 8h | 61.000 | −0.049% | $26.6M | $17.1M | 20x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 61.030 | 0.000% | $608 | $2.2M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 61.020 | −0.016% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDTshort | 0.0000% | 8h | 61.030 | 0.000% | $1.7M | $1.3M | 10x | |
| GRVT DRAM_USDT_Perp | +0.0021% | 8h | 61.063 | +0.055% | $36K | $229K | 10x | as long as short |
| edgeX DRAMUSDC | +0.0022% | 4h | 61.067 | +0.061% | $148K | $298K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0027% | 1h | 60.989 | −0.067% | $1K | $26K | 5x | as long as short |
Bybit DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
Bitget DRAMUSDT
SunX DRAM-USDT
HTX DRAM-USDT
GRVT DRAM_USDT_Perp
edgeX DRAMUSDC
Aftermath Perps DRAMUSDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX DRAM-USD | +0.0032% | 1h | 61.000 | −0.049% | $1.0M | $100K | 10x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 60.970 | −0.098% | $59K | $80K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.940 | −0.147% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.989 | −0.067% | $254K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.011 | −0.031% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.950 | −0.131% | $1.1M | $3.6M | 10x | as long as short |
| Lighter DRAM | +0.0072% | 1h | 60.989 | −0.067% | $1.1M | $1.4M | 20x | as long as short |
| Aster DRAMUSDT | +0.0087% | 8h | 61.019 | −0.019% | $195K | $28K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0092% | 8h | 60.996 | −0.057% | — | — | 5x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.010 | −0.032% | $74K | $32K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.980 | −0.082% | $3.0M | $384K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.050 | +0.033% | $21K | $187K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythoslong | +0.0100% | 8h | 61.030 | long leg | $8K | — | 10x | |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.005 | −0.041% | $4K | — | 10x | as long as short |
| Variational Omni DRAM | +0.0111% | 8h | 61.028 | −0.003% | $2.1M | $679K | — | as long as short |
| Binance DRAMUSDT | +0.0148% | 8h | 61.010 | −0.033% | $44.0M | $98.0M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0149% | 8h | 61.000 | −0.049% | $9.8M | $5.8M | 100x | as long as short |
| Extended DRAM-USD | +0.0152% | 1h | 60.988 | −0.069% | $97K | $974K | 10x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0159% | 8h | 61.030 | 0.000% | $5.5M | $7.6M | 50x | as long as short |
| tradeXYZ xyz:DRAM | +0.0160% | 1h | 60.985 | −0.074% | $79.2M | $38.0M | 20x | as long as short |
| Entropy io:DRAM | +0.0173% | 1h | 60.991 | −0.064% | $291K | $1.7M | 25x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0216% | 1h | 61.140 | +0.180% | $536K | $90K | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0406% | 1h | 61.010 | −0.033% | $12K | $4K | 20x | as long as short |
| BloFin DRAM-USDT | +0.0628% | 8h | 61.040 | +0.016% | $309K | $27K | 20x | as long as short |
QFEX DRAM-USD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Lighter DRAM
Aster DRAMUSDT
Paradex DRAM-USD-PERP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Aevo DRAM-PERP
Variational Omni DRAM
Binance DRAMUSDT
MEXC DRAM_USDT
Extended DRAM-USD
OKX DRAM-USDT-SWAP
tradeXYZ xyz:DRAM
Entropy io:DRAM
Coinbase International DRAM-PERP-INTX
Deribit DRAM_USDC-PERPETUAL
BloFin DRAM-USDT