DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0404%/8h= −44.2% APRnext payment −$4.04 per $10,000 · paid last 24h +0.009%

Price spread now: Gate against Binance+0.032%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$440.445% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 2 days (all we have)−0.012%−$1 · spread now +0.032%, 7d avg +0.007%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.026% dearer against Binance than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.007%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.122% in total) that is about 35 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.04 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	Binance DRAMUSDT	62.010	0.0404	pay 0.0404% / 8h	18m 31s	$43.7M	$82.3M	50x
Short	Gate DRAM_USDT	62.030	0	get 0.0000% / 8h	18m 31s	$8.3M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$84.86
Price spread: +0.032% → +0.007%: $2.57
Slippage, 4 orders: −$19.47
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.75
Costs to cover: 0.445%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Gate: live order book, 5 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 Binance live order book, 9 min ago	0.81 bp	5.8 bp −$6	8.0 bp −$80	29.9 bp −$2,993	doesn't fit
Sell Gate live order book, 5 min ago	2.42 bp	18.7 bp −$19	26.4 bp −$264	30.4 bp −$3,040	60.7 bp −$30.3K

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_USDTshort	0.0000%	8h	62.030	+0.032%	$8.3M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	62.000	−0.016%	$811	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.960	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.840	−0.274%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.968	−0.067%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	−0.105%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.900	−0.177%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.982	−0.045%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.993	−0.027%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.970	−0.065%	$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	61.980	−0.048%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.023	+0.020%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	−0.113%	$3.0M	$472K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.870	−0.226%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	−0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.999	−0.018%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0167%	8h	62.020	+0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0175%	8h	62.020	+0.016%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.693%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0205%	8h	62.012	+0.003%	—	—	5x	as long as short
Lighter DRAM	+0.0232%	1h	61.997	−0.021%	$978K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	−0.077%	$36K	$171K	10x	as long as short
Aster DRAMUSDT	+0.0267%	8h	62.010	0.000%	$199K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0292%	8h	62.051	+0.066%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.020	+0.016%	$457K	$476K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0309%	1h	61.994	−0.026%	$80.6M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0325%	1h	61.912	−0.158%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0349%	8h	61.967	−0.070%	$2.4M	$955K	—	as long as short
MEXC DRAM_USDT	+0.0396%	8h	62.010	0.000%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0400%	1h	62.008	−0.003%	$77K	$767K	10x	as long as short
Binance DRAMUSDTlong	+0.0404%	8h	62.010	long leg	$43.7M	$82.3M	50x
BloFin DRAM-USDT	+0.0662%	8h	62.040	+0.048%	$253K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.990	−0.032%	$50K	$90K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0719%	1h	62.000	−0.016%	$13K	$9K	20x	as long as short