DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: KuCoin against Phemex−0.016%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$166as in the Price arb table

costs, in and out, $10k−$1681.683% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.016%, 7d avg −0.040%

Together, before fees+0.178%+$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.024% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	60.900	0	get 0.0000% / 8h	51m 57s	$1.7M	$1.3M	10x
Short	KuCoin DRAMUSDTM	60.890	0.0100	get 0.0100% / 8h	51m 57s	$3.0M	$421K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.016%Rate

Funding earned: $21
Price spread: −0.016% → −0.040%: $2.36
Slippage, 4 orders: −$144.25
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$144.89
Costs to cover: 1.683%
Break-even: 55.3 days

Slippage from Phemex: live order book, 1 min ago; KuCoin: live order book, 5 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	0.82 bp	47.9 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.64 bp	44.9 bp −$45	doesn't fit	doesn't fit	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	−0.0748%	8h	60.960	+0.099%	$26.2M	$14.8M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.915	+0.025%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.933	+0.054%	$9.4M	$10.2M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	60.910	+0.016%	$5.4M	$6.0M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.887	−0.021%	$421K	$347K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.920	+0.033%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.884	−0.027%	$2.3M	$582K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.884	−0.026%	$36K	$205K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.900	0.000%	$732	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.900	0.000%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDTlong	0.0000%	8h	60.900	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0031%	1h	60.879	−0.035%	$1K	$30K	5x	as long as short
Binance DRAMUSDT	+0.0038%	8h	60.906	+0.010%	$43.6M	$88.4M	50x	as long as short
MEXC DRAM_USDT	+0.0038%	8h	60.910	+0.016%	$7.7M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0040%	1h	60.892	−0.014%	$74K	$191K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.860	−0.066%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.890	−0.016%	$991K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.870	−0.049%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.855	−0.074%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.866	−0.056%	$253K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.891	−0.015%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.810	−0.148%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	60.867	−0.054%	$148K	$297K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0084%	8h	60.883	−0.028%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.895	−0.008%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	60.890	−0.016%	$3.0M	$421K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	60.900	0.000%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.900	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.885	−0.025%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0108%	1h	60.876	−0.039%	$78.8M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	60.900	0.000%	$298K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	61.110	+0.345%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0224%	1h	60.901	+0.002%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0243%	1h	60.870	−0.049%	$13K	$3K	20x	as long as short