DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0026%/8h= +2.9% APRnext payment +$0.26 per $10,000 · paid last 24h +0.079%

Price spread now: BloFin against Phemex+0.050%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1061.059% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.178%+$18 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.050%, 7d avg +0.006%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.044% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	60.410	0	get 0.0000% / 8h	7h 34m	$1.7M	$1.3M	10x
Short	BloFin DRAM-USDT	60.440	0.0026	get 0.0026% / 8h	7h 34m	$299K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.050%Rate

Funding earned: $5.52
Price spread: +0.050% → +0.006%: $4.38
Slippage, 4 orders: −$81.93
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$96.03
Costs to cover: 1.059%
Break-even: 128.9 days

Slippage from Phemex: live order book, 4 min ago; BloFin: live order book, 40 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, 4 min ago	2.48 bp	43.6 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 40 min ago	0.82 bp	7.0 bp −$7	12.4 bp −$124	42.0 bp −$4,201	doesn't fit

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	−0.0637%	8h	60.370	−0.066%	$26.3M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.413	+0.005%	$193K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.374	−0.059%	$76K	$216K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.375	−0.057%	$43.3M	$89.9M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.380	−0.050%	$9.5M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.429	+0.031%	$416K	$342K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.410	0.000%	$7.9M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.360	−0.083%	$8.3M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.405	−0.008%	$2.3M	$577K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.520	+0.182%	$36K	$209K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.420	+0.017%	$998	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.450	+0.066%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	60.410	long leg	$1.7M	$1.3M	10x
OKX DRAM-USDT-SWAP	+0.0006%	8h	60.360	−0.083%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDTshort	+0.0026%	8h	60.440	+0.050%	$299K	$25K	20x
Aftermath Perps DRAMUSD	+0.0039%	1h	60.433	+0.038%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.390	−0.033%	$47K	$66K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.370	−0.066%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.396	−0.023%	$177K	$477K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.355	−0.091%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.403	−0.012%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.350	−0.099%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.410	0.000%	$984K	$86K	10x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	60.509	+0.164%	$147K	$298K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	60.348	−0.102%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.346	−0.105%	$72K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.360	−0.083%	$2.9M	$400K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.420	+0.017%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.430	+0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.414	+0.007%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0130%	1h	60.330	−0.132%	$78.2M	$35.1M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0247%	1h	60.370	−0.066%	$12K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.470	+0.099%	$531K	$87K	20x	as long as short
Lighter DRAM	+0.0264%	1h	60.356	−0.089%	$1.1M	$1.2M	20x	as long as short