DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0329%/8h= −36.0% APRnext payment −$3.29 per $10,000 · paid last 24h −0.020%

Price spread now: KuCoin against Bybit−0.071%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$840.838% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 7 days+0.014%+$1 · spread now −0.071%, 7d avg −0.059%

Together, before fees+0.102%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.088%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.088% in total (about 4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.29 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	Bybit DRAMUSDT	62.344	0.0429	pay 0.0429% / 8h	6h 56m	$9.6M	$10.3M	100x
Short	KuCoin DRAMUSDTM	62.300	0.0100	get 0.0100% / 8h	6h 56m	$3.0M	$417K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$69.07
Price spread: −0.071% → −0.059%: −$1.17
Slippage, 4 orders: −$60.81
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$154.05
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 6 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 Bybit live order book, 2 min ago	0.80 bp	7.4 bp −$7	12.9 bp −$129	117.5 bp −$11.7K	doesn't fit
Sell KuCoin live order book, 6 min ago	1.60 bp	26.4 bp −$26	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
SunX DRAM-USDT	0.0000%	8h	62.290	−0.087%	$780	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.440	+0.154%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.300	−0.071%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.361	+0.028%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.340	−0.006%	$51K	$83K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.280	−0.103%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.270	−0.119%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.315	−0.047%	$254K	$449K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.297	−0.075%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.295	−0.079%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.250	−0.151%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0056%	4h	62.408	+0.103%	$151K	$295K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.274	−0.112%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	62.300	−0.071%	$3.0M	$417K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	62.400	+0.090%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.320	−0.038%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.326	−0.029%	$4K	—	10x	as long as short
Lighter DRAM	+0.0152%	1h	62.281	−0.101%	$967K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.074%	$540K	$91K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.275	−0.111%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0231%	1h	62.276	−0.109%	$82.0M	$37.7M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.280	−0.103%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0241%	8h	62.310	−0.055%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDTlong	+0.0429%	8h	62.344	long leg	$9.6M	$10.3M	100x
Aster DRAMUSDT	+0.0508%	8h	62.343	−0.002%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0557%	8h	62.300	−0.071%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0600%	8h	62.414	+0.112%	$2.4M	$751K	—	as long as short
Binance DRAMUSDT	+0.0633%	8h	62.307	−0.060%	$44.9M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0636%	8h	62.300	−0.071%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.287	−0.091%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0770%	8h	62.330	−0.022%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.305	−0.063%	$455K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0972%	8h	62.400	+0.090%	$299K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1010%	8h	62.440	+0.154%	$37K	$152K	10x	as long as short