DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0011%/8h= +1.2% APRnext payment +$0.01 per $10,000 · paid last 24h +0.031%

Price spread now: Entropy against QFEX−0.043%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on QFEX Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.076%+$8 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.043%, 7d avg −0.003%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Entropy is 0.040% cheaper against QFEX than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of −0.003%). If the spread goes back, that is −$4 on $10k: about 13 days of funding at the current rate ($0 a day). At the pace of the last 4 days (+0.076% in total) that is about 46 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.110	0.0039	pay 0.0005% / 1h	32m 25s	$995K	$84K	10x
Short	Entropy io:DRAM	61.084	0.0050	get 0.0006% / 1h	32m 25s	$168K	$470K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against QFEX. 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 QFEXbpFee EntropybpOrdersPrice spread, now −0.043%Rate

Funding earned: $2.23
Price spread: −0.043% → −0.003%: −$4
Slippage, 4 orders: −$35.84
Fee QFEX: 5 bp × 2 orders: −$10
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$65.6
Costs to cover: 0.638%
Break-even: 212.5 days

Slippage from QFEX: live order book, 23 min ago; Entropy: live order book, 33 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 QFEX live order book, 23 min ago	2.45 bp	7.4 bp −$7	8.7 bp −$87	14.5 bp −$1,452	doesn't fit
Sell Entropy live order book, 33 min ago	2.44 bp	26.3 bp −$26	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	−0.0572%	8h	61.130	+0.033%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.110	0.000%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.121	+0.018%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.082	−0.046%	$423K	$359K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.140	+0.049%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.113	+0.004%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.120	+0.016%	$614	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.050	−0.098%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.150	+0.065%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0015%	8h	61.110	0.000%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0029%	1h	61.097	−0.022%	$1K	$30K	5x	as long as short
QFEX DRAM-USDlong	+0.0039%	1h	61.110	long leg	$995K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.080	−0.049%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.080	−0.049%	—	—	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	61.084	−0.043%	$168K	$470K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.070	−0.065%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.125	+0.025%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.070	−0.065%	$1.0M	$3.5M	10x	as long as short
Variational Omni DRAM	+0.0055%	8h	61.064	−0.075%	$2.3M	$682K	—	as long as short
BloFin DRAM-USDT	+0.0069%	8h	61.090	−0.033%	$299K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0076%	1h	61.070	−0.065%	$79.1M	$35.9M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.130	+0.033%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0093%	8h	61.093	−0.028%	—	—	5x	as long as short
Binance DRAMUSDT	+0.0095%	8h	61.090	−0.033%	$43.7M	$87.6M	50x	as long as short
Extended DRAM-USD	+0.0096%	1h	61.079	−0.051%	$74K	$193K	10x	as long as short
MEXC DRAM_USDT	+0.0097%	8h	61.080	−0.049%	$8.0M	$5.6M	100x	as long as short
edgeX DRAMUSDC	+0.0097%	4h	61.080	−0.050%	$148K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.124	+0.023%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.080	−0.049%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.110	0.000%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.090	−0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.085	−0.042%	$4K	—	10x	as long as short
Lighter DRAM	+0.0160%	1h	61.132	+0.036%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	0.000%	$525K	$75K	20x	as long as short