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: Bitget against Phemex+0.178%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

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

Long on Phemex Short on Bitget

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)−0.174%−$17 · spread now +0.178%, 7d avg +0.014%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.164% dearer against Phemex than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.850	0	get 0.0000% / 8h	44m 44s	$1.8M	$1.3M	10x
Short	Bitget DRAMUSDT	61.960	0.0142	get 0.0142% / 8h	44m 44s	$26.0M	$12.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Phemex. 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 PhemexbpFee BitgetbpOrdersPrice spread, now +0.178%Rate

Funding earned: $29.82
Price spread: +0.178% → +0.014%: $16.35
Slippage, 4 orders: −$102.02
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$79.85
Costs to cover: 1.260%
Break-even: 25.7 days

Slippage from Phemex: live order book, 4 min ago; Bitget: 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 Phemex live order book, 4 min ago	1.62 bp	62.8 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.81 bp	7.6 bp −$8	13.9 bp −$139	36.9 bp −$3,694	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	61.990	+0.226%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	+0.210%	$640	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	+0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.850	long leg	$1.8M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0035%	1h	61.946	+0.155%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	+0.016%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.950	+0.162%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.967	+0.189%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	+0.081%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.944	+0.151%	$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	61.950	+0.162%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.994	+0.233%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	+0.113%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.970	+0.194%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	+0.210%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.987	+0.221%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0139%	8h	61.970	+0.194%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDTshort	+0.0142%	8h	61.960	+0.178%	$26.0M	$12.7M	20x
Aster DRAMUSDT	+0.0169%	8h	61.997	+0.237%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0171%	8h	61.984	+0.217%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0176%	8h	61.941	+0.146%	$36K	$178K	10x	as long as short
Lighter DRAM	+0.0192%	1h	61.968	+0.191%	$978K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.437%	$510K	$43K	20x	as long as short
Variational Omni DRAM	+0.0261%	8h	61.987	+0.222%	$2.4M	$948K	—	as long as short
Bybit DRAMUSDT	+0.0275%	8h	62.020	+0.275%	$9.3M	$10.5M	100x	as long as short
Entropy io:DRAM	+0.0291%	1h	61.902	+0.084%	$260K	$502K	25x	as long as short
MEXC DRAM_USDT	+0.0293%	8h	61.960	+0.178%	$11.2M	$6.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.980	+0.210%	$457K	$475K	20x	as long as short
Extended DRAM-USD	+0.0296%	1h	61.959	+0.176%	$77K	$766K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0301%	1h	61.973	+0.199%	$80.4M	$39.8M	20x	as long as short
Binance DRAMUSDT	+0.0302%	8h	61.970	+0.194%	$43.9M	$82.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.970	+0.194%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0552%	8h	61.980	+0.210%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.960	+0.178%	$50K	$89K	10x	as long as short