DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0231%/8h= +25.3% APRnext payment +$2.31 per $10,000 · paid last 24h +0.057%

Price spread now: Binance against Phemex+0.006%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1121.117% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 2 days (all we have)−0.012%−$1 · spread now +0.006%, 7d avg −0.016%

Together, before fees+0.170%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Binance is 0.022% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.760	0	get 0.0000% / 8h	1h 30m	$1.8M	$1.3M	10x
Short	Binance DRAMUSDT	61.764	0.0231	get 0.0231% / 8h	1h 30m	$43.8M	$82.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now +0.006%Rate

Funding earned: $48.61
Price spread: +0.006% → −0.016%: $2.22
Slippage, 4 orders: −$89.72
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.9
Costs to cover: 1.117%
Break-even: 15.8 days

Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 13 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 Phemex live order book, 3 min ago	2.43 bp	50.1 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.81 bp	5.8 bp −$6	7.6 bp −$76	31.6 bp −$3,155	224.1 bp −$112.1K

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
Gate DRAM_USDT	0.0000%	8h	61.770	+0.016%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.760	0.000%	$823	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.700	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.760	long leg	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0037%	1h	61.703	−0.092%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.620	−0.227%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.679	−0.131%	$254K	$504K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.723	−0.060%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.752	−0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.650	−0.178%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.750	−0.016%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.737	−0.038%	$153K	$290K	20x	as long as short
Aster DRAMUSDT	+0.0099%	8h	61.740	−0.032%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.692	−0.110%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.740	−0.032%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.113%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	−0.032%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.747	−0.021%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0107%	8h	61.760	0.000%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0108%	8h	61.780	+0.032%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.730	−0.048%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0161%	8h	61.733	−0.044%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.053%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.291%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0221%	8h	61.803	+0.070%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.760	0.000%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDTshort	+0.0231%	8h	61.764	+0.006%	$43.8M	$82.6M	50x
Extended DRAM-USD	+0.0232%	1h	61.755	−0.008%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.750	−0.017%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.753	−0.011%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0323%	1h	61.733	−0.044%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0425%	8h	61.720	−0.065%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.740	−0.032%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.730	−0.049%	$50K	$92K	10x	as long as short