Funding you earn now, next payment 08:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h −0.026%
Price spread now: QFEX against Entropy+0.067%51s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$620.619% of the position
Funding, last 4 days (all we have)−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.067%, 7d avg +0.002%
=The price spread pays, funding is against you. QFEX is 0.065% dearer against Entropy than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.002%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 22 days. At the pace of the last 4 days (−0.076% in total) that is about 3.2 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:DRAM | 60.819 | 0.0050 | pay 0.0006% / 1h | 10m 41s | $179K | $481K | 25x |
| Short | QFEX DRAM-USD | 60.860 | 0.0040 | get 0.0005% / 1h | 10m 41s | $991K | $84K | 10x |
Entropy io:DRAM
QFEX DRAM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Entropy. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.03
- Price spread: +0.067% → +0.002%
- $6.49
- Slippage, 4 orders
- −$33.88
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$57.42
- Costs to cover
- 0.619%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 44 min ago; QFEX: live order book, 4 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 Entropy live order book, 44 min ago | 2.38 bp | 21.4 bp −$21 | 100.7 bp −$1,007 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 3.29 bp | 8.3 bp −$8 | 8.3 bp −$83 | 14.2 bp −$1,424 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DRAMUSDT | −0.0766% | 8h | 60.920 | +0.166% | $26.6M | $15.2M | 20x | as long as short |
| Aster DRAMUSDT | 0.0000% | 8h | 60.866 | +0.077% | $195K | $38K | 20x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.858 | +0.065% | $421K | $340K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 60.910 | +0.150% | $8.0M | $3.8M | 75x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 60.847 | +0.047% | $2.3M | $589K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 60.887 | +0.112% | $36K | $208K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 60.860 | +0.067% | $698 | $2.6M | 10x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | 0.0000% | 1h | 60.840 | +0.035% | $13K | $3K | 20x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.840 | +0.035% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 60.870 | +0.084% | $1.7M | $1.3M | 10x | as long as short |
Bitget DRAMUSDT
Aster DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
Variational Omni DRAM
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
Deribit DRAM_USDC-PERPETUAL
HTX DRAM-USDT
Phemex DRAMUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DRAM-USDT-SWAP | +0.0012% | 8h | 60.860 | +0.067% | $5.4M | $6.0M | 50x | as long as short |
| Binance DRAMUSDT | +0.0018% | 8h | 60.859 | +0.065% | $43.8M | $89.1M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0021% | 8h | 60.850 | +0.051% | $8.4M | $5.7M | 100x | as long as short |
| Extended DRAM-USD | +0.0024% | 1h | 60.830 | +0.017% | $74K | $198K | 10x | as long as short |
| Bybit DRAMUSDT | +0.0024% | 8h | 60.870 | +0.084% | $9.6M | $10.4M | 100x | as long as short |
| Aftermath Perps DRAMUSD | +0.0039% | 1h | 60.858 | +0.064% | $1K | $29K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 60.840 | +0.035% | $47K | $67K | 10x | as long as short |
| QFEX DRAM-USDshort | +0.0040% | 1h | 60.860 | +0.067% | $991K | $84K | 10x | |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.860 | +0.067% | — | — | 10x | as long as short |
| Entropy io:DRAMlong | +0.0050% | 1h | 60.819 | long leg | $179K | $481K | 25x | |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.834 | +0.025% | $253K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.851 | +0.053% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.830 | +0.018% | $1.1M | $3.5M | 10x | as long as short |
| BloFin DRAM-USDT | +0.0051% | 8h | 60.900 | +0.133% | $298K | $26K | 20x | as long as short |
| edgeX DRAMUSDC | +0.0059% | 4h | 60.867 | +0.079% | $148K | $300K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0096% | 8h | 60.838 | +0.031% | — | — | 5x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 60.850 | +0.052% | $73K | $34K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.840 | +0.035% | $3.0M | $421K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 60.880 | +0.100% | $21K | $183K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.880 | +0.100% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.849 | +0.049% | $4K | — | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0176% | 1h | 60.940 | +0.199% | $523K | $75K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0181% | 1h | 60.835 | +0.026% | $78.7M | $35.9M | 20x | as long as short |
| Lighter DRAM | +0.0360% | 1h | 60.873 | +0.089% | $1.1M | $1.2M | 20x | as long as short |
OKX DRAM-USDT-SWAP
Binance DRAMUSDT
MEXC DRAM_USDT
Extended DRAM-USD
Bybit DRAMUSDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
BloFin DRAM-USDT
edgeX DRAMUSDC
Paradex DRAM-USD-PERP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Coinbase International DRAM-PERP-INTX
tradeXYZ xyz:DRAM
Lighter DRAM