Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Phemex against Ondo Perps+0.096%7-day average +0.112% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.096%, 7d avg +0.112%
=Together, before fees−0.173%+ Points / potential airdropOndo Perps: Active · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.112%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps DRAM-USD.P | 62.370 | 0.0050 | pay 0.0006% / 1h | 9m 14s | $1.1M | $2.3M | 10x |
| Short | Phemex DRAMUSDT | 62.430 | 0 | get 0.0000% / 8h | 4h 09m | $1.7M | $1.3M | 10x |
Ondo Perps DRAM-USD.P
Phemex DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Ondo Perps. 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
- −$10.58
- Price spread: +0.096% → +0.112%
- −$1.53
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$29.12
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 4 min ago | 3.20 bp | 46.2 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx DRAM/USDC | 0.0000% | 1h | 62.446 | +0.121% | $440K | $502K | 20x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 62.450 | +0.128% | $1K | $2.7M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.400 | +0.048% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDTshort | 0.0000% | 8h | 62.430 | +0.096% | $1.7M | $1.3M | 10x | |
| GRVT DRAM_USDT_Perp | +0.0005% | 8h | 62.430 | +0.096% | $37K | $174K | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0021% | 1h | 62.413 | +0.069% | $1K | $32K | 5x | as long as short |
| Lighter DRAM | +0.0040% | 1h | 62.428 | +0.093% | $1.0M | $1.1M | 20x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.410 | +0.064% | $49K | $77K | 10x | as long as short |
| edgeX DRAMUSDC | +0.0043% | 4h | 62.423 | +0.085% | $151K | $297K | 20x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.390 | +0.032% | — | — | 10x | as long as short |
RISEx DRAM/USDC
SunX DRAM-USDT
HTX DRAM-USDT
GRVT DRAM_USDT_Perp
Aftermath Perps DRAMUSD
Lighter DRAM
Arcus DRAM-USD
edgeX DRAMUSDC
Vest DRAM-USD-PERPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.417 | +0.075% | $267K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.425 | +0.088% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.Plong | +0.0050% | 1h | 62.370 | long leg | $1.1M | $2.3M | 10x | |
| QFEX DRAM-USD | +0.0052% | 1h | 62.430 | +0.096% | $1.0M | $78K | 10x | as long as short |
| Bitget DRAMUSDT | +0.0068% | 8h | 62.440 | +0.112% | $26.2M | $13.4M | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0084% | 8h | 62.435 | +0.105% | — | — | 5x | as long as short |
| tradeXYZ xyz:DRAM | +0.0093% | 1h | 62.417 | +0.075% | $81.8M | $35.3M | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0098% | 8h | 62.450 | +0.128% | $5.5M | $4.5M | 50x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.451 | +0.129% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.430 | +0.096% | $3.0M | $394K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.470 | +0.160% | $22K | $186K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.440 | +0.112% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.443 | +0.118% | $4K | — | 10x | as long as short |
| Bybit DRAMUSDT | +0.0132% | 8h | 62.470 | +0.160% | $9.7M | $9.7M | 100x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0152% | 1h | 62.330 | −0.064% | $535K | $75K | 20x | as long as short |
| Entropy io:DRAM | +0.0153% | 1h | 62.415 | +0.072% | $183K | $440K | 25x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0231% | 1h | 62.440 | +0.112% | $13K | $3K | 20x | as long as short |
| Aster DRAMUSDT | +0.0246% | 8h | 62.428 | +0.093% | $201K | $35K | 20x | as long as short |
| Variational Omni DRAM | +0.0318% | 8h | 62.423 | +0.086% | $2.4M | $747K | — | as long as short |
| Extended DRAM-USD | +0.0360% | 1h | 62.413 | +0.068% | $76K | $622K | 10x | as long as short |
| Binance DRAMUSDT | +0.0361% | 8h | 62.430 | +0.096% | $44.9M | $80.1M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0362% | 8h | 62.430 | +0.096% | $8.9M | $5.5M | 100x | as long as short |
| BloFin DRAM-USDT | +0.0393% | 8h | 62.430 | +0.096% | $302K | $26K | 20x | as long as short |
| Gate DRAM_USDT | +0.0636% | 8h | 62.450 | +0.128% | $8.2M | $3.5M | 75x | as long as short |
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
QFEX DRAM-USD
Bitget DRAMUSDT
Paradex DRAM-USD-PERP
tradeXYZ xyz:DRAM
OKX DRAM-USDT-SWAP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Bybit DRAMUSDT
Coinbase International DRAM-PERP-INTX
Entropy io:DRAM
Deribit DRAM_USDC-PERPETUAL
Aster DRAMUSDT
Variational Omni DRAM
Extended DRAM-USD
Binance DRAMUSDT
MEXC DRAM_USDT
BloFin DRAM-USDT
Gate DRAM_USDT