RAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.3054%/8h= +334.4% APRnext payment +$30.54 per $10,000 · paid last 24h +0.295%

Price spread now: Phemex against MEXC+0.216%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$191as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1781.781% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 4 days (all we have)−0.142%−$14 · spread now +0.216%, 7d avg +0.027%

Together, before fees−0.274%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$92 a day on $10k at the current rate, and Phemex is 0.189% dearer against MEXC than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.132%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.132% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$30.54 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	MEXC RAM_USDT	13.890	−0.3054	get 0.3054% / 8h	7h 43m	$390K	$90K	20x
Short	Phemex RAMUSDT	13.920	0	get 0.0000% / 8h	7h 43m	$757K	$199K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now +0.216%Rate

Funding earned: $641.34
Price spread: +0.216% → +0.027%: $18.94
Slippage, 4 orders: −$166.06
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $482.22
Costs to cover: 1.781%
Break-even: 1.7 days

Slippage from MEXC: live order book, 42 min ago; Phemex: live order book, 54 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 MEXC live order book, 42 min ago	7.13 bp	33.4 bp −$33	70.5 bp −$705	200.6 bp −$20.1K	doesn't fit
Sell Phemex live order book, 54 min ago	7.10 bp	64.9 bp −$65	doesn't fit	doesn't fit	doesn't fit

RAM on 10 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
BloFin RAM-USDT	−0.3059%	8h	13.900	+0.072%	$31K	$2K	20x	as long as short
MEXC RAM_USDTlong	−0.3054%	8h	13.890	long leg	$390K	$90K	20x
Binance RAMUSDT	−0.3049%	8h	13.897	+0.052%	$780K	$2.0M	20x	as long as short
KuCoin RAMUSDTM	−0.1778%	8h	13.890	0.000%	$14K	$75K	20x	as long as short
OKX RAM-USDT-SWAP	−0.1654%	8h	13.910	+0.144%	$321K	$488K	10x	as long as short
Bitget RAMUSDT	−0.1565%	8h	13.890	0.000%	$216K	$193K	20x	as long as short
Bybit RAMUSDT	0.0000%	8h	13.900	+0.072%	$172K	$144K	25x	as long as short
Gate RAM_USDT	0.0000%	8h	13.920	+0.216%	$24K	$4K	20x	as long as short
HTX RAM-USDT	0.0000%	8h	13.885	−0.036%	$6K	$4K	10x	as long as short
Phemex RAMUSDTshort	0.0000%	8h	13.920	+0.216%	$757K	$199K	20x