DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0287%/8h= +31.4% APRnext payment +$2.87 per $10,000 · paid last 24h +0.020%

Price spread now: Bitget against Phemex+0.016%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1081.079% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 3 days (all we have)−0.008%−$1 · spread now +0.016%, 7d avg +0.015%

Together, before fees+0.101%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.87 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	62.250	0	get 0.0000% / 8h	6h 26m	$1.7M	$1.3M	10x
Short	Bitget DRAMUSDT	62.260	0.0287	get 0.0287% / 8h	6h 26m	$26.0M	$13.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.016%Rate

Funding earned: $60.27
Price spread: +0.016% → +0.015%: $0.11
Slippage, 4 orders: −$83.87
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.5
Costs to cover: 1.079%
Break-even: 12.5 days

Slippage from Phemex: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	1.61 bp	41.7 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.80 bp	7.2 bp −$7	12.7 bp −$127	30.9 bp −$3,089	80.6 bp −$40.3K

DRAM on 33 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	62.260	+0.016%	$903	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.250	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0034%	1h	62.198	−0.084%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.220	−0.048%	$51K	$82K	10x	as long as short
edgeX DRAMUSDC	+0.0044%	4h	62.246	−0.007%	$151K	$295K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	−0.080%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.250	0.000%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.227	−0.037%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.237	−0.021%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.210	−0.064%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0053%	1h	62.194	−0.090%	$253K	$435K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.209	−0.065%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.048%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.096%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.280	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.276	+0.043%	$4K	—	10x	as long as short
Lighter DRAM	+0.0152%	1h	62.245	−0.008%	$967K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.193%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0179%	8h	62.237	−0.021%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.260	+0.016%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0234%	1h	62.226	−0.039%	$81.9M	$36.9M	20x	as long as short
Bitget DRAMUSDTshort	+0.0287%	8h	62.260	+0.016%	$26.0M	$13.0M	20x
Bybit DRAMUSDT	+0.0356%	8h	62.280	+0.048%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.240	−0.016%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0450%	8h	62.227	−0.038%	$37K	$153K	10x	as long as short
Aster DRAMUSDT	+0.0470%	8h	62.269	+0.031%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0565%	8h	62.205	−0.072%	$2.4M	$759K	—	as long as short
Gate DRAM_USDT	+0.0567%	8h	62.280	+0.048%	$8.2M	$3.4M	75x	as long as short
Extended DRAM-USD	+0.0592%	1h	62.235	−0.023%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0594%	8h	62.259	+0.015%	$44.7M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0595%	8h	62.240	−0.016%	$9.7M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.260	+0.016%	$448K	$504K	20x	as long as short