DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0472%/8h= −51.7% APRnext payment −$0.59 per $10,000 · paid last 24h +0.003%

Price spread now: tradeXYZ against RISEx−0.003%7-day average −0.044% · 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−$25as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on RISEx Short on tradeXYZ

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)−0.085%−$8 · spread now −0.003%, 7d avg −0.044%

Together, before fees−0.108%+ Points / potential airdroptradeXYZ: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.041% dearer against RISEx than usual: you sell high and buy low (spread −0.003% now, against its 7-day average of −0.044%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 4 days (−0.023% in total) that is about 6.8 days.

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 −$0.59 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	RISEx DRAM/USDC	61.320	0.0600	pay 0.0075% / 1h	44m 27s	$461K	$369K	20x
Short	tradeXYZ xyz:DRAM	61.318	0.0128	get 0.0016% / 1h	44m 27s	$79.6M	$38.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$99.17
Price spread: −0.003% → −0.044%: $4.09
Slippage, 4 orders: −$5.27
Fee RISEx: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$124.35
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; tradeXYZ: live order book, 8 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, 2 min ago	1.55 bp	4.5 bp −$5	5.7 bp −$57	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.49 bp	9.5 bp −$9	11.3 bp −$113	doesn't fit	doesn't fit

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	61.340	+0.033%	$9.5M	$11.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.320	0.000%	$26.9M	$17.1M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.330	+0.016%	$728	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.330	+0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.340	+0.033%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.361	+0.066%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.270	−0.082%	$59K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.260	−0.098%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.300	−0.033%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.330	+0.016%	$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	61.260	−0.098%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.300	−0.033%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0065%	4h	61.402	+0.133%	$149K	$300K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.320	0.000%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0088%	1h	61.305	−0.024%	$1.1M	$1.4M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.292	−0.045%	$73K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.310	−0.016%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.420	+0.163%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.340	+0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.342	+0.035%	$4K	—	10x	as long as short
Gate DRAM_USDT	+0.0110%	8h	61.350	+0.049%	$8.0M	$3.8M	75x	as long as short
Paradex DRAM-USD-PERP	+0.0121%	8h	61.300	−0.032%	—	—	5x	as long as short
tradeXYZ xyz:DRAMshort	+0.0128%	1h	61.318	−0.003%	$79.6M	$38.7M	20x
OKX DRAM-USDT-SWAP	+0.0173%	8h	61.330	+0.016%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDT	+0.0228%	8h	61.341	+0.034%	$196K	$28K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	+0.016%	$537K	$91K	20x	as long as short
Variational Omni DRAM	+0.0269%	8h	61.359	+0.064%	$2.2M	$689K	—	as long as short
Binance DRAMUSDT	+0.0322%	8h	61.320	0.000%	$44.6M	$98.3M	50x	as long as short
MEXC DRAM_USDT	+0.0325%	8h	61.310	−0.016%	$9.0M	$5.4M	100x	as long as short
Extended DRAM-USD	+0.0328%	1h	61.300	−0.033%	$100K	$295K	10x	as long as short
BloFin DRAM-USDT	+0.0530%	8h	61.370	+0.082%	$306K	$27K	20x	as long as short
RISEx DRAM/USDClong	+0.0600%	1h	61.320	long leg	$461K	$369K	20x
GRVT DRAM_USDT_Perp	+0.0731%	8h	61.425	+0.171%	$36K	$222K	10x	as long as short
Entropy io:DRAM	+0.0836%	1h	61.317	−0.005%	$321K	$1.7M	25x	as long as short