RAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2434%/8h= −266.5% APRnext payment −$24.34 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Phemex+0.211%50s7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2412.406% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.427%+$43 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.211%, 7d avg −0.029%

Together, before fees+0.215%+$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.240% dearer against Phemex than usual: you sell high and buy low (spread +0.211% now, against its 7-day average of −0.029%): +$24 on $10k if it goes back. Holding the pair costs −$73 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.427%, so the current rate has only just turned against you. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.427% in total (about 22.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$24.34 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	Phemex RAMUSDT	14.210	0	get 0.0000% / 8h	2h 11m	$765K	$183K	20x
Short	MEXC RAM_USDT	14.240	−0.2434	pay 0.2434% / 8h	2h 11m	$402K	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Phemex. 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 PhemexbpFee MEXCbpOrdersPrice spread, now +0.211%Rate

Funding earned: −$511.14
Price spread: +0.211% → −0.029%: $24.04
Slippage, 4 orders: −$228.64
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$727.74
Costs to cover: 2.406%
Break-even: never at this rate

Slippage from Phemex: live order book, 36 min ago; MEXC: live order book, 24 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 Phemex live order book, 36 min ago	13.91 bp	72.1 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 24 min ago	7.04 bp	12.2 bp −$12	55.0 bp −$550	197.9 bp −$19.8K	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	−0.2445%	8h	14.200	−0.070%	$30K	$2K	20x	as long as short
Binance RAMUSDT	−0.2436%	8h	14.250	+0.281%	$763K	$1.8M	20x	as long as short
MEXC RAM_USDTshort	−0.2434%	8h	14.240	+0.211%	$402K	$91K	20x
Bitget RAMUSDT	−0.1460%	8h	14.260	+0.352%	$221K	$179K	20x	as long as short
OKX RAM-USDT-SWAP	−0.1294%	8h	14.250	+0.281%	$322K	$461K	10x	as long as short
KuCoin RAMUSDTM	−0.1122%	8h	14.190	−0.141%	$15K	$46K	20x	as long as short
Bybit RAMUSDT	0.0000%	8h	14.260	+0.352%	$156K	$130K	25x	as long as short
Gate RAM_USDT	0.0000%	8h	14.191	−0.134%	$24K	$4K	20x	as long as short
HTX RAM-USDT	0.0000%	8h	14.223	+0.091%	$6K	$4K	10x	as long as short
Phemex RAMUSDTlong	0.0000%	8h	14.210	long leg	$765K	$183K	20x