DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0248%/8h= +27.2% APRnext payment +$0.31 per $10,000 · paid last 24h +0.007%

Price spread now: Coinbase International against RISEx−0.002%7-day average −0.155% · 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−$19as in the Price arb table

costs, in and out, $10k−$340.341% of the position

Long on RISEx Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now −0.002%, 7d avg −0.155%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Coinbase International is 0.153% dearer against RISEx than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.155%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.023% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	60.341	0	get 0.0000% / 1h	32m 42s	$418K	$345K	20x
Short	Coinbase International DRAM-PERP-INTX	60.340	0.0248	get 0.0031% / 1h	32m 42s	$530K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against RISEx. 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 RISExbpFee Coinbase InternationalbpOrdersPrice spread, now −0.002%Rate

Funding earned: $52.08
Price spread: −0.002% → −0.155%: $15.32
Slippage, 4 orders: −$18.12
Fee RISEx: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $33.28
Costs to cover: 0.341%
Break-even: 2.5 days

Slippage from RISEx: live order book, 1 min ago; Coinbase International: live order book, 65 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 RISEx live order book, 1 min ago	1.74 bp	4.7 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit
Sell Coinbase International live order book, 65 min ago	4.92 bp	13.1 bp −$13	16.9 bp −$169	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	−0.0626%	8h	60.240	−0.168%	$26.3M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.318	−0.039%	$193K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.270	−0.118%	$75K	$216K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.246	−0.158%	$43.3M	$90.5M	50x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.240	−0.168%	$9.5M	$10.4M	100x	as long as short
RISEx DRAM/USDClong	0.0000%	1h	60.341	long leg	$418K	$345K	20x
Gate DRAM_USDT	0.0000%	8h	60.290	−0.085%	$7.9M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.250	−0.151%	$8.3M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.405	+0.105%	$2.3M	$577K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.450	+0.180%	$36K	$210K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.330	−0.019%	$892	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.430	+0.147%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.310	−0.052%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0004%	8h	60.240	−0.168%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0024%	8h	60.370	+0.047%	$299K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0040%	1h	60.387	+0.076%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.290	−0.085%	$47K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.260	−0.135%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.291	−0.084%	$167K	$489K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.240	−0.168%	$250K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.325	−0.027%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.340	−0.002%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.300	−0.069%	$982K	$86K	10x	as long as short
edgeX DRAMUSDC	+0.0080%	4h	60.409	+0.112%	$146K	$299K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	60.320	−0.036%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.325	−0.027%	$72K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.250	−0.151%	$2.9M	$400K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.420	+0.130%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.330	−0.019%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.318	−0.039%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0139%	1h	60.189	−0.253%	$78.0M	$35.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0248%	1h	60.280	−0.102%	$12K	$3K	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0248%	1h	60.340	−0.002%	$530K	$87K	20x
Lighter DRAM	+0.0272%	1h	60.210	−0.218%	$1.1M	$1.2M	20x	as long as short