DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0313%/8h= +34.3% APRnext payment +$3.13 per $10,000 · paid last 24h +0.046%

Price spread now: MEXC against Phemex+0.033%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$980.976% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.169%+$17 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.033%, 7d avg −0.007%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.040% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.007%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.169% in total (about 8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.13 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.470	0	get 0.0000% / 8h	5h 53m	$1.7M	$1.3M	10x
Short	MEXC DRAM_USDT	61.490	0.0313	get 0.0313% / 8h	5h 53m	$9.1M	$5.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.033%Rate

Funding earned: $65.73
Price spread: +0.033% → −0.007%: $3.98
Slippage, 4 orders: −$85.57
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$27.86
Costs to cover: 0.976%
Break-even: 10.0 days

Slippage from Phemex: live order book, 3 min ago; MEXC: live order book, 3 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	2.44 bp	46.7 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.81 bp	0.8 bp −$1	0.8 bp −$8	4.2 bp −$422	32.0 bp −$16.0K

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.510	+0.065%	$9.6M	$11.2M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.490	+0.033%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.480	+0.016%	$689	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.410	−0.098%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.470	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0030%	1h	61.349	−0.197%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.430	−0.065%	$60K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.460	−0.016%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.462	−0.013%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.483	+0.021%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.410	−0.098%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.510	+0.065%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0062%	4h	61.351	−0.193%	$149K	$298K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.460	−0.016%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.467	−0.005%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.410	−0.098%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.480	+0.016%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.470	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.487	+0.028%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0131%	8h	61.461	−0.014%	—	—	5x	as long as short
Gate DRAM_USDT	+0.0135%	8h	61.510	+0.065%	$8.0M	$3.7M	75x	as long as short
tradeXYZ xyz:DRAM	+0.0136%	1h	61.467	−0.005%	$79.8M	$38.3M	20x	as long as short
Lighter DRAM	+0.0136%	1h	61.482	+0.020%	$1.1M	$1.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	61.490	+0.033%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDT	+0.0222%	8h	61.378	−0.149%	$196K	$28K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.228%	$537K	$91K	20x	as long as short
Variational Omni DRAM	+0.0250%	8h	61.369	−0.164%	$2.2M	$688K	—	as long as short
BloFin DRAM-USDT	+0.0311%	8h	61.500	+0.049%	$305K	$27K	20x	as long as short
MEXC DRAM_USDTshort	+0.0313%	8h	61.490	+0.033%	$9.1M	$5.4M	100x
Binance DRAMUSDT	+0.0319%	8h	61.480	+0.016%	$44.6M	$97.5M	50x	as long as short
Extended DRAM-USD	+0.0320%	1h	61.464	−0.009%	$100K	$298K	10x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.468	−0.003%	$462K	$370K	20x	as long as short
Entropy io:DRAM	+0.0702%	1h	61.471	+0.002%	$328K	$1.7M	25x	as long as short
GRVT DRAM_USDT_Perp	+0.0764%	8h	61.460	−0.016%	$37K	$220K	10x	as long as short