Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Phemex+0.098%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.098% dearer against Phemex than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DRAMUSDT | 61.050 | 0 | get 0.0000% / 8h | 4h 48m | $1.7M | $1.3M | 10x |
| Short | Orderly PERP_DRAM_USDC_mythos | 61.110 | 0.0100 | get 0.0100% / 8h | 4h 48m | $8K | — | 10x |
Phemex DRAMUSDT
Orderly PERP_DRAM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: +0.098% → 0.000%
- $9.83
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $12.83
- Costs to cover
- 0.180%
- Break-even
- 2.7 days
Slippage unknown: Phemex: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 0.82 bp | 51.5 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 61.129 | +0.129% | $9.5M | $11.2M | 100x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 61.093 | +0.071% | $459K | $368K | 20x | as long as short |
| Bitget DRAMUSDT | 0.0000% | 8h | 61.100 | +0.082% | $26.7M | $17.0M | 20x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 61.050 | 0.000% | $969 | $2.3M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 61.210 | +0.262% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDTlong | 0.0000% | 8h | 61.050 | long leg | $1.7M | $1.3M | 10x | |
| edgeX DRAMUSDC | +0.0013% | 4h | 61.204 | +0.252% | $149K | $299K | 20x | as long as short |
| Gate DRAM_USDT | +0.0027% | 8h | 61.100 | +0.082% | $7.9M | $3.4M | 75x | as long as short |
| Aftermath Perps DRAMUSD | +0.0027% | 1h | 61.150 | +0.164% | $1K | $26K | 5x | as long as short |
| QFEX DRAM-USD | +0.0032% | 1h | 61.070 | +0.033% | $998K | $98K | 10x | as long as short |
Bybit DRAMUSDT
RISEx DRAM/USDC
Bitget DRAMUSDT
SunX DRAM-USDT
HTX DRAM-USDT
edgeX DRAMUSDC
Gate DRAM_USDT
Aftermath Perps DRAMUSD
QFEX DRAM-USDShow all 34 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter DRAM | +0.0032% | 1h | 61.094 | +0.072% | $1.1M | $1.4M | 20x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 61.050 | 0.000% | $59K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 61.050 | 0.000% | — | — | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 61.123 | +0.120% | $300K | $1.7M | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 61.077 | +0.044% | $254K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.074 | +0.039% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 61.000 | −0.082% | $1.1M | $3.7M | 10x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0078% | 1h | 61.030 | −0.033% | $12K | $4K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.091 | +0.067% | $74K | $31K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 61.100 | +0.082% | $3.0M | $410K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.230 | +0.295% | $21K | $186K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythosshort | +0.0100% | 8h | 61.110 | +0.098% | $8K | — | 10x | |
| Paradex DRAM-USD-PERP | +0.0101% | 8h | 61.094 | +0.072% | — | — | 5x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.092 | +0.069% | $4K | — | 10x | as long as short |
| tradeXYZ xyz:DRAM | +0.0125% | 1h | 61.096 | +0.075% | $79.2M | $38.6M | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0166% | 8h | 61.130 | +0.131% | $5.4M | $6.4M | 50x | as long as short |
| Aster DRAMUSDT | +0.0171% | 8h | 61.141 | +0.149% | $195K | $28K | 20x | as long as short |
| Variational Omni DRAM | +0.0214% | 8h | 61.209 | +0.260% | $2.2M | $686K | — | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0216% | 1h | 61.140 | +0.147% | $536K | $91K | 20x | as long as short |
| Binance DRAMUSDT | +0.0262% | 8h | 61.120 | +0.115% | $44.1M | $98.8M | 50x | as long as short |
| Extended DRAM-USD | +0.0264% | 1h | 61.069 | +0.032% | $98K | $563K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0267% | 8h | 61.110 | +0.098% | $9.7M | $5.5M | 100x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0271% | 8h | 61.228 | +0.291% | $36K | $229K | 10x | as long as short |
| BloFin DRAM-USDT | +0.0674% | 8h | 61.090 | +0.066% | $306K | $27K | 20x | as long as short |
Lighter DRAM
Arcus DRAM-USD
Vest DRAM-USD-PERP
Entropy io:DRAM
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Deribit DRAM_USDC-PERPETUAL
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Paradex DRAM-USD-PERP
Aevo DRAM-PERP
tradeXYZ xyz:DRAM
OKX DRAM-USDT-SWAP
Aster DRAMUSDT
Variational Omni DRAM
Coinbase International DRAM-PERP-INTX
Binance DRAMUSDT
Extended DRAM-USD
MEXC DRAM_USDT
GRVT DRAM_USDT_Perp
BloFin DRAM-USDT