DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0234%/8h= +25.6% APRnext payment +$2.34 per $10,000 · paid last 24h +0.045%

Price spread now: OKX against Phemex+0.064%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1061.063% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.127%+$13 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.064%, 7d avg 0.000%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and OKX is 0.064% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of 0.000%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.34 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	62.440	0	get 0.0000% / 8h	7h 23m	$1.8M	$1.3M	10x
Short	OKX DRAM-USDT-SWAP	62.480	0.0234	get 0.0234% / 8h	7h 23m	$5.5M	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $49.1
Price spread: +0.064% → 0.000%: $6.39
Slippage, 4 orders: −$84.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$50.83
Costs to cover: 1.063%
Break-even: 14.2 days

Slippage from Phemex: live order book, 5 min ago; OKX: 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, 5 min ago	1.60 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.80 bp	7.6 bp −$8	14.8 bp −$148	doesn't fit	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
SunX DRAM-USDT	0.0000%	8h	62.470	+0.048%	$717	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.410	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	62.440	long leg	$1.8M	$1.3M	10x
edgeX DRAMUSDC	+0.0011%	4h	62.503	+0.102%	$151K	$295K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.436	−0.007%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.440	0.000%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.450	+0.016%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.436	−0.006%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	−0.064%	$1.1M	$1.9M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.460	+0.032%	$13K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.473	+0.054%	$76K	$41K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.420	−0.032%	$3.0M	$426K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.550	+0.176%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.500	+0.096%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.469	+0.047%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.467	+0.043%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.460	+0.032%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.080%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0221%	8h	62.496	+0.090%	—	—	5x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0234%	8h	62.480	+0.064%	$5.5M	$4.7M	50x
tradeXYZ xyz:DRAM	+0.0242%	1h	62.456	+0.026%	$82.1M	$37.4M	20x	as long as short
Aster DRAMUSDT	+0.0431%	8h	62.361	−0.126%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0436%	8h	62.520	+0.128%	$9.6M	$10.4M	100x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	+0.136%	$2.4M	$750K	—	as long as short
Bitget DRAMUSDT	+0.0510%	8h	62.460	+0.032%	$26.2M	$12.9M	20x	as long as short
Entropy io:DRAM	+0.0542%	1h	62.378	−0.099%	$254K	$453K	25x	as long as short
Extended DRAM-USD	+0.0552%	1h	62.456	+0.026%	$76K	$761K	10x	as long as short
MEXC DRAM_USDT	+0.0553%	8h	62.460	+0.032%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0559%	8h	62.461	+0.033%	$44.7M	$82.0M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.450	+0.016%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0763%	8h	62.490	+0.080%	$8.3M	$3.5M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0910%	8h	62.542	+0.164%	$37K	$155K	10x	as long as short
BloFin DRAM-USDT	+0.0932%	8h	62.550	+0.176%	$299K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.470	+0.048%	$461K	$495K	20x	as long as short