DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.62 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex+0.033%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1231.234% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.033%, 7d avg −0.002%

Together, before fees−0.024%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Gate is 0.035% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	60.630	0	get 0.0000% / 8h	7h 12m	$1.7M	$1.3M	10x
Short	Gate DRAM_USDT	60.650	0.0062	get 0.0062% / 8h	7h 12m	$7.9M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: $13.02
Price spread: +0.033% → −0.002%: $3.54
Slippage, 4 orders: −$96.45
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$106.89
Costs to cover: 1.234%
Break-even: 64.5 days

Slippage from Phemex: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	3.30 bp	38.2 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.65 bp	21.8 bp −$22	30.9 bp −$309	35.3 bp −$3,527	60.7 bp −$30.3K

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	−0.0472%	8h	60.640	+0.016%	$26.4M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.520	−0.181%	$194K	$26K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.592	−0.063%	$76K	$257K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.630	0.000%	$43.7M	$91.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.565	−0.108%	$416K	$337K	20x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.630	0.000%	$8.7M	$5.6M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.546	−0.138%	$2.2M	$688K	—	as long as short
SunX DRAM-USDT	0.0000%	8h	60.590	−0.066%	$783	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.560	−0.115%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	60.630	long leg	$1.7M	$1.3M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX DRAMUSDC	+0.0034%	4h	60.538	−0.152%	$147K	$301K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0038%	8h	60.660	+0.049%	$5.4M	$6.3M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.560	−0.115%	$47K	$68K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0042%	1h	60.452	−0.294%	$1K	$29K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.480	−0.247%	—	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0047%	8h	60.560	−0.115%	$36K	$212K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.503	−0.209%	$1.0M	$958K	25x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.593	−0.061%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.510	−0.198%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.570	−0.099%	$986K	$91K	10x	as long as short
Gate DRAM_USDTshort	+0.0062%	8h	60.650	+0.033%	$7.9M	$3.7M	75x
Polymarket Perps DRAM-USD	+0.0071%	1h	60.594	−0.059%	$252K	$1.3M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	60.521	−0.180%	$73K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.550	−0.132%	$3.0M	$396K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.560	−0.115%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.600	−0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.585	−0.074%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0137%	8h	60.656	+0.043%	$9.6M	$10.6M	100x	as long as short
BloFin DRAM-USDT	+0.0142%	8h	60.590	−0.066%	$297K	$26K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0160%	8h	60.569	−0.101%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0207%	1h	60.614	−0.026%	$79.0M	$36.3M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.100	−0.874%	$527K	$87K	20x	as long as short
Lighter DRAM	+0.0320%	1h	60.629	−0.002%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0410%	1h	60.610	−0.033%	$12K	$3K	20x	as long as short