DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0535%/8h= +58.6% APRnext payment +$5.35 per $10,000 · paid last 24h +0.067%

Price spread now: Gate against Phemex+0.016%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1351.354% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)−0.055%−$6 · spread now +0.016%, 7d avg −0.007%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.023% dearer against Phemex than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.007%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.059% in total (about 3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.35 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	Phemex DRAMUSDT	62.190	0	get 0.0000% / 8h	6h 16m	$1.7M	$1.3M	10x
Short	Gate DRAM_USDT	62.200	0.0535	get 0.0535% / 8h	6h 16m	$8.2M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.016%Rate

Funding earned: $112.35
Price spread: +0.016% → −0.007%: $2.27
Slippage, 4 orders: −$108.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$20.81
Costs to cover: 1.354%
Break-even: 8.3 days

Slippage from Phemex: live order book, 1 min ago; Gate: live order book, 2 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, 1 min ago	4.02 bp	46.6 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.41 bp	20.0 bp −$20	22.5 bp −$225	28.6 bp −$2,856	60.1 bp −$30.0K

DRAM on 33 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	62.190	0.000%	$582	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.150	−0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.190	long leg	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0033%	1h	62.144	−0.073%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.150	−0.064%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.130	−0.096%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.150	−0.064%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.145	−0.072%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.162	−0.045%	$2K	$15K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.131	−0.095%	$252K	$430K	25x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.100	−0.145%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0079%	4h	62.126	−0.102%	$150K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.136	−0.086%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.150	−0.064%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.170	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.190	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.185	−0.008%	$4K	—	10x	as long as short
Lighter DRAM	+0.0144%	1h	62.174	−0.026%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.096%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0166%	8h	62.161	−0.047%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0214%	1h	62.146	−0.071%	$81.8M	$36.8M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0223%	8h	62.190	0.000%	$5.5M	$4.5M	50x	as long as short
Bitget DRAMUSDT	+0.0229%	8h	62.190	0.000%	$26.0M	$13.0M	20x	as long as short
Bybit DRAMUSDT	+0.0295%	8h	62.213	+0.037%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0345%	8h	62.153	−0.060%	$36K	$153K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.170	−0.032%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0454%	8h	62.176	−0.022%	$200K	$36K	20x	as long as short
Gate DRAM_USDTshort	+0.0535%	8h	62.200	+0.016%	$8.2M	$3.5M	75x
Variational Omni DRAM	+0.0547%	8h	62.183	−0.010%	$2.4M	$709K	—	as long as short
MEXC DRAM_USDT	+0.0581%	8h	62.170	−0.032%	$9.6M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0581%	8h	62.180	−0.016%	$44.7M	$81.9M	50x	as long as short
Extended DRAM-USD	+0.0584%	1h	62.164	−0.042%	$75K	$669K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.161	−0.046%	$447K	$504K	20x	as long as short