Funding you earn now, next payment 02:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.050%
Price spread now: Phemex against tradeXYZ+0.029%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1191.193% of the position
Funding, last 7 days−0.220%−$22 on $10k
+Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.029%, 7d avg +0.042%
=Together, before fees−0.225%+ Points / potential airdroptradeXYZ: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:DRAM | 62.092 | 0.0210 | pay 0.0026% / 1h | 12m 55s | $81.7M | $36.9M | 20x |
| Short | Phemex DRAMUSDT | 62.110 | 0 | get 0.0000% / 8h | 6h 12m | $1.7M | $1.3M | 10x |
tradeXYZ xyz:DRAM
Phemex DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.16
- Price spread: +0.029% → +0.042%
- −$1.3
- Slippage, 4 orders
- −$89.32
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$164.79
- Costs to cover
- 1.193%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 7 min ago; Phemex: live order book, 5 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 tradeXYZ live order book, 7 min ago | 0.40 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 4.02 bp | 53.1 bp −$53 | doesn't fit | doesn't fit | doesn't fit |
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 | 62.120 | +0.045% | $748 | $2.8M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.130 | +0.061% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDTshort | 0.0000% | 8h | 62.110 | +0.029% | $1.7M | $1.3M | 10x | |
| edgeX DRAMUSDC | +0.0011% | 4h | 62.171 | +0.127% | $150K | $298K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0033% | 1h | 62.119 | +0.044% | $1K | $34K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.140 | +0.077% | $51K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.080 | −0.019% | — | — | 10x | as long as short |
| QFEX DRAM-USD | +0.0046% | 1h | 62.110 | +0.029% | $1.0M | $78K | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.090 | −0.003% | $266K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.097 | +0.008% | $2K | $15K | 20x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
QFEX DRAM-USD
Polymarket Perps DRAM-USD
SoDEX DRAM-USDShow 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 | 62.120 | +0.045% | $1.1M | $1.9M | 10x | as long as short |
| Entropy io:DRAM | +0.0055% | 1h | 62.117 | +0.040% | $252K | $430K | 25x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.109 | +0.027% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.110 | +0.029% | $3.0M | $404K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.180 | +0.142% | $22K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.140 | +0.077% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.132 | +0.064% | $4K | — | 10x | as long as short |
| Lighter DRAM | +0.0144% | 1h | 62.101 | +0.014% | $965K | $1.0M | 20x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0152% | 1h | 62.130 | +0.061% | $534K | $81K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0161% | 8h | 62.127 | +0.056% | — | — | 5x | as long as short |
| Bitget DRAMUSDT | +0.0200% | 8h | 62.130 | +0.061% | $26.0M | $13.0M | 20x | as long as short |
| tradeXYZ xyz:DRAMlong | +0.0210% | 1h | 62.092 | long leg | $81.7M | $36.9M | 20x | |
| OKX DRAM-USDT-SWAP | +0.0219% | 8h | 62.130 | +0.061% | $5.5M | $4.5M | 50x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0233% | 1h | 62.100 | +0.013% | $13K | $3K | 20x | as long as short |
| Bybit DRAMUSDT | +0.0277% | 8h | 62.140 | +0.077% | $9.6M | $10.1M | 100x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0327% | 8h | 62.181 | +0.144% | $37K | $154K | 10x | as long as short |
| Aster DRAMUSDT | +0.0451% | 8h | 62.147 | +0.089% | $200K | $36K | 20x | as long as short |
| Gate DRAM_USDT | +0.0508% | 8h | 62.150 | +0.093% | $8.1M | $3.5M | 75x | as long as short |
| Variational Omni DRAM | +0.0540% | 8h | 62.173 | +0.131% | $2.4M | $709K | — | as long as short |
| Extended DRAM-USD | +0.0576% | 1h | 62.106 | +0.023% | $75K | $669K | 10x | as long as short |
| Binance DRAMUSDT | +0.0578% | 8h | 62.120 | +0.046% | $44.6M | $81.8M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0579% | 8h | 62.120 | +0.045% | $9.6M | $5.9M | 100x | as long as short |
| RISEx DRAM/USDC | +0.0835% | 1h | 62.140 | +0.077% | $447K | $504K | 20x | as long as short |
Ondo Perps DRAM-USD.P
Entropy io:DRAM
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Lighter DRAM
Coinbase International DRAM-PERP-INTX
Paradex DRAM-USD-PERP
Bitget DRAMUSDT
OKX DRAM-USDT-SWAP
Deribit DRAM_USDC-PERPETUAL
Bybit DRAMUSDT
GRVT DRAM_USDT_Perp
Aster DRAMUSDT
Gate DRAM_USDT
Variational Omni DRAM
Extended DRAM-USD
Binance DRAMUSDT
MEXC DRAM_USDT
RISEx DRAM/USDC