DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.15 per $10,000 · paid last 24h +0.006%

Price spread now: Coinbase International against tradeXYZ−0.594%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on tradeXYZ Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.684%+$68 · spread now −0.594%, 7d avg −0.119%

Together, before fees+0.828%+ Points / potential airdroptradeXYZ: Active · farm board+$83 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Coinbase International is 0.475% cheaper against tradeXYZ than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.119%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.144%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	61.948	0.0308	pay 0.0039% / 1h	14m 50s	$80.6M	$40.0M	20x
Short	Coinbase International DRAM-PERP-INTX	61.580	0.0192	get 0.0024% / 1h	14m 50s	$510K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against tradeXYZ. 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 tradeXYZbpFee Coinbase InternationalbpOrdersPrice spread, now −0.594%Rate

Funding earned: −$24.42
Price spread: −0.594% → −0.119%: −$47.46
Slippage, 4 orders: −$12.63
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$112.51
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Coinbase International: live order book, 63 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 tradeXYZ live order book, 5 min ago	0.32 bp	10.0 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 63 min ago	3.24 bp	8.2 bp −$8	12.6 bp −$126	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
Gate DRAM_USDT	0.0000%	8h	61.960	+0.019%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.960	+0.019%	$701	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.940	−0.013%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.780	−0.271%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0002%	4h	61.980	+0.052%	$153K	$291K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.979	+0.049%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.850	−0.158%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.936	−0.019%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.955	+0.011%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.910	−0.061%	$1.2M	$1.8M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0079%	1h	61.940	−0.013%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.972	+0.038%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	−0.013%	$3.0M	$472K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.910	−0.061%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.960	+0.019%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.975	+0.043%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0175%	8h	61.970	+0.036%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0180%	8h	61.950	+0.003%	$26.0M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0192%	1h	61.580	−0.594%	$510K	$43K	20x
Paradex DRAM-USD-PERP	+0.0209%	8h	61.957	+0.014%	—	—	5x	as long as short
Lighter DRAM	+0.0240%	1h	61.958	+0.016%	$977K	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0277%	8h	61.987	+0.063%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0286%	8h	61.989	+0.067%	$36K	$171K	10x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.963	+0.024%	$456K	$476K	20x	as long as short
Bybit DRAMUSDT	+0.0295%	8h	61.982	+0.055%	$9.3M	$10.5M	100x	as long as short
tradeXYZ xyz:DRAMlong	+0.0308%	1h	61.948	long leg	$80.6M	$40.0M	20x
Entropy io:DRAM	+0.0331%	1h	61.902	−0.074%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0371%	8h	61.986	+0.061%	$2.4M	$953K	—	as long as short
MEXC DRAM_USDT	+0.0409%	8h	61.950	+0.003%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0415%	8h	61.950	+0.003%	$43.6M	$82.2M	50x	as long as short
Extended DRAM-USD	+0.0416%	1h	61.938	−0.016%	$77K	$767K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0558%	1h	61.950	+0.003%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.940	−0.013%	$50K	$90K	10x	as long as short
BloFin DRAM-USDT	+0.0693%	8h	62.030	+0.132%	$253K	$27K	20x	as long as short