DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.016%

Price spread now: Coinbase International against ApeX Omni−0.618%75s7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.961% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.651%+$65 · spread now −0.618%, 7d avg −0.175%

Together, before fees+0.803%+$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.443% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.618% now, against its 7-day average of −0.175%). If the spread goes back, that is −$44 on $10k: about 18 days of funding at the current rate (+$3 a day). The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DRAMUSDT	61.490	0.0100	pay 0.0013% / 1h	3m 41s	$21K	$185K	50x
Short	Coinbase International DRAM-PERP-INTX	61.110	0.0184	get 0.0023% / 1h	3m 41s	$525K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. 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 ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now −0.618%Rate

Funding earned: $17.64
Price spread: −0.618% → −0.175%: −$44.32
Slippage, 4 orders: −$76.11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$122.79
Costs to cover: 0.961%
Break-even: 55.7 days

Slippage from ApeX Omni: live order book, 42 min ago; Coinbase International: live order book, 44 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 ApeX Omni live order book, 42 min ago	27.58 bp	39.2 bp −$39	199.0 bp −$1,990	doesn't fit	doesn't fit
Sell Coinbase International live order book, 44 min ago	4.06 bp	9.1 bp −$9	14.9 bp −$149	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
Bitget DRAMUSDT	−0.0465%	8h	61.430	−0.098%	$26.1M	$14.4M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.419	−0.116%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.460	−0.049%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.462	−0.046%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.420	−0.114%	$746	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.370	−0.195%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.400	−0.146%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0012%	8h	61.436	−0.088%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.358	−0.214%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.390	−0.163%	$48K	$69K	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	61.400	−0.146%	—	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0046%	8h	61.440	−0.081%	$5.5M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.400	−0.146%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.394	−0.156%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.395	−0.154%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.380	−0.179%	$1.1M	$3.4M	10x	as long as short
Aster DRAMUSDT	+0.0058%	8h	61.432	−0.094%	$198K	$35K	20x	as long as short
Entropy io:DRAM	+0.0071%	1h	61.367	−0.200%	$170K	$470K	25x	as long as short
edgeX DRAMUSDC	+0.0073%	4h	61.428	−0.101%	$149K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.366	−0.201%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.390	−0.163%	$3.0M	$411K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	61.490	long leg	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.410	−0.130%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.400	−0.146%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.444	−0.074%	$2.3M	$669K	—	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	61.411	−0.129%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0147%	1h	61.387	−0.168%	$79.5M	$36.1M	20x	as long as short
Binance DRAMUSDT	+0.0163%	8h	61.416	−0.121%	$44.0M	$87.0M	50x	as long as short
MEXC DRAM_USDT	+0.0165%	8h	61.410	−0.130%	$8.1M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.399	−0.148%	$76K	$188K	10x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0184%	1h	61.110	−0.618%	$525K	$75K	20x
BloFin DRAM-USDT	+0.0191%	8h	61.470	−0.033%	$298K	$26K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0239%	1h	61.400	−0.146%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0240%	1h	61.442	−0.078%	$1.1M	$1.2M	20x	as long as short