DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0142%/8h= −15.5% APRnext payment −$1.42 per $10,000 · paid last 24h −0.007%

Price spread now: Phemex against Bitget−0.161%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1261.260% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.161%, 7d avg −0.014%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.147% cheaper against Bitget than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DRAMUSDT	61.980	0.0142	pay 0.0142% / 8h	45m 38s	$26.0M	$12.7M	20x
Short	Phemex DRAMUSDT	61.880	0	get 0.0000% / 8h	45m 38s	$1.8M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$29.82
Price spread: −0.161% → −0.014%: −$14.7
Slippage, 4 orders: −$102.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$170.54
Costs to cover: 1.260%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 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 Bitget live order book, 3 min ago	0.81 bp	8.1 bp −$8	12.4 bp −$124	23.3 bp −$2,325	56.8 bp −$28.4K
Sell Phemex live order book, 3 min ago	1.62 bp	47.5 bp −$47	doesn't fit	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	62.010	+0.048%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.990	+0.016%	$486	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	−0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.880	−0.161%	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0035%	1h	61.921	−0.095%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.177%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.958	−0.035%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.983	+0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	−0.129%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.944	−0.059%	$153K	$290K	20x	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	61.930	−0.081%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.994	+0.023%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.910	−0.113%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	−0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.987	+0.011%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0139%	8h	61.990	+0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDTlong	+0.0142%	8h	61.980	long leg	$26.0M	$12.7M	20x
Aster DRAMUSDT	+0.0164%	8h	62.000	+0.032%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0171%	8h	61.984	+0.007%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0176%	8h	61.941	−0.064%	$36K	$178K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.645%	$510K	$43K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.984	+0.006%	$978K	$1.2M	20x	as long as short
Variational Omni DRAM	+0.0237%	8h	61.947	−0.053%	$2.4M	$948K	—	as long as short
Entropy io:DRAM	+0.0271%	1h	61.904	−0.123%	$260K	$502K	25x	as long as short
Bybit DRAMUSDT	+0.0275%	8h	62.040	+0.097%	$9.4M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0293%	8h	61.980	0.000%	$11.2M	$6.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	0.000%	$457K	$475K	20x	as long as short
Extended DRAM-USD	+0.0296%	1h	61.969	−0.018%	$77K	$766K	10x	as long as short
Binance DRAMUSDT	+0.0299%	8h	61.980	0.000%	$43.9M	$82.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0302%	1h	61.985	+0.008%	$80.4M	$39.8M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.980	0.000%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0543%	8h	61.950	−0.048%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.960	−0.032%	$50K	$89K	10x	as long as short