DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Phemex against Orderly+0.082%53s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phemex is 0.082% dearer against Orderly than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. The two prices were read 53 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	Orderly PERP_DRAM_USDC_mythos	61.140	0.0100	pay 0.0100% / 8h	2h 24m	$8K	—	10x
Short	Phemex DRAMUSDT	61.190	0	get 0.0000% / 8h	2h 24m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. 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 OrderlybpFee PhemexbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$21
Price spread: +0.082% → 0.000%: $8.18
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$30.82
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: 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 Orderly no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	1.64 bp	63.6 bp −$64	doesn't fit	doesn't fit	doesn't fit

Orderly: 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
Bitget DRAMUSDT	−0.0443%	8h	61.210	+0.114%	$25.9M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.140	0.000%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	0.000%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.130	−0.016%	$673	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.311%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.190	+0.082%	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0011%	8h	61.179	+0.064%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.113	−0.044%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0038%	8h	61.210	+0.114%	$5.5M	$5.6M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.060	−0.131%	$48K	$75K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.130	−0.016%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.120	−0.033%	$996K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.060	−0.131%	$168K	$468K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.125	−0.025%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.142	+0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.070	−0.114%	$1.1M	$3.2M	10x	as long as short
edgeX DRAMUSDC	+0.0055%	4h	60.942	−0.324%	$148K	$297K	20x	as long as short
Aster DRAMUSDT	+0.0061%	8h	61.147	+0.011%	$197K	$35K	20x	as long as short
Gate DRAM_USDT	+0.0071%	8h	61.190	+0.082%	$8.0M	$3.7M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.090	−0.081%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.090	−0.082%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.990	−0.245%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.140	long leg	$8K	—	10x
Paradex DRAM-USD-PERP	+0.0102%	8h	61.130	−0.016%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.122	−0.030%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0113%	8h	61.095	−0.074%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0129%	1h	61.113	−0.044%	$79.2M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0134%	8h	61.190	+0.082%	$302K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0167%	8h	61.150	+0.016%	$8.1M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.143	+0.004%	$76K	$191K	10x	as long as short
Binance DRAMUSDT	+0.0169%	8h	61.167	+0.044%	$43.8M	$85.8M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	−0.131%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.123	−0.028%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0404%	1h	61.160	+0.033%	$13K	$3K	20x	as long as short