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: Orderly against Phemex−0.131%7-day average — · you buy dearer than you sell

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

Long on Phemex Short on Orderly

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

Funding pays, the price is against you. Orderly is 0.131% cheaper against Phemex than usual: you would sell low and buy high (spread −0.131% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 4.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.190	0	get 0.0000% / 8h	2h 24m	$1.7M	$1.3M	10x
Short	Orderly PERP_DRAM_USDC_mythos	61.110	0.0100	get 0.0100% / 8h	2h 24m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.131%Rate

Funding earned: $21
Price spread: −0.131% → 0.000%: −$13.07
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$10.07
Costs to cover: 0.180%
Break-even: 10.4 days

Slippage unknown: Phemex: live order book, 4 min ago; Orderly: no order-book sample. 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 Phemex live order book, 4 min ago	1.64 bp	58.5 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	61.170	−0.033%	$25.8M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.140	−0.082%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	−0.082%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.180	−0.016%	$669	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.392%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.190	long leg	$1.7M	$1.3M	10x
Bybit DRAMUSDT	+0.0011%	8h	61.153	−0.060%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.100	−0.147%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0038%	8h	61.160	−0.049%	$5.5M	$5.6M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.060	−0.212%	$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	−0.098%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.120	−0.114%	$996K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.060	−0.212%	$168K	$468K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.125	−0.106%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.103	−0.142%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.070	−0.196%	$1.1M	$3.2M	10x	as long as short
edgeX DRAMUSDC	+0.0055%	4h	60.942	−0.406%	$148K	$297K	20x	as long as short
Aster DRAMUSDT	+0.0061%	8h	61.125	−0.106%	$197K	$35K	20x	as long as short
Gate DRAM_USDT	+0.0071%	8h	61.170	−0.033%	$8.0M	$3.7M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.090	−0.163%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.080	−0.180%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.990	−0.327%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.110	−0.131%	$8K	—	10x
Paradex DRAM-USD-PERP	+0.0102%	8h	61.130	−0.098%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.112	−0.128%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0113%	8h	61.095	−0.155%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0129%	1h	61.101	−0.145%	$79.2M	$35.9M	20x	as long as short
BloFin DRAM-USDT	+0.0134%	8h	61.190	0.000%	$302K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0167%	8h	61.120	−0.114%	$8.1M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.120	−0.114%	$76K	$191K	10x	as long as short
Binance DRAMUSDT	+0.0169%	8h	61.145	−0.074%	$43.8M	$85.7M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	−0.212%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.123	−0.109%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.140	−0.082%	$13K	$3K	20x	as long as short