DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0185%/8h= −20.3% APRnext payment −$1.85 per $10,000 · paid last 24h −0.032%

Price spread now: Phemex against Aster−0.008%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.008%, 7d avg +0.004%

Together, before fees−0.087%+ Points / potential airdropAster: Stage 5 · farm board−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.105% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.85 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	61.325	0.0185	pay 0.0185% / 8h	5h 06m	$196K	$28K	20x
Short	Phemex DRAMUSDT	61.320	0	get 0.0000% / 8h	5h 06m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$38.88
Price spread: −0.008% → +0.004%: −$1.22
Slippage, 4 orders: −$81.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$142.08
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Aster: live order book, 38 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 Aster live order book, 38 min ago	2.44 bp	13.9 bp −$14	31.6 bp −$316	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.45 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.334	+0.015%	$9.6M	$11.2M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.300	−0.041%	$26.8M	$17.2M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.310	−0.024%	$579	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.290	−0.057%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	61.320	−0.008%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0028%	1h	61.288	−0.060%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.260	−0.106%	$59K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.280	−0.073%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.282	−0.070%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.301	−0.039%	$2K	$15K	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.240	−0.139%	$1.1M	$3.7M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.290	−0.057%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.298	−0.044%	$149K	$299K	20x	as long as short
Lighter DRAM	+0.0064%	1h	61.289	−0.059%	$1.1M	$1.4M	20x	as long as short
Gate DRAM_USDT	+0.0075%	8h	61.340	+0.025%	$8.0M	$3.8M	75x	as long as short
Pacifica DRAM	+0.0100%	1h	61.242	−0.135%	$75K	$31K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.280	−0.073%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.350	+0.041%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.310	−0.024%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.305	−0.033%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.284	−0.068%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0116%	1h	61.282	−0.070%	$79.5M	$38.7M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0167%	8h	61.310	−0.024%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDTlong	+0.0185%	8h	61.325	long leg	$196K	$28K	20x
Variational Omni DRAM	+0.0217%	8h	61.289	−0.058%	$2.2M	$698K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.140	−0.302%	$536K	$91K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.280	−0.073%	$13K	$3K	20x	as long as short
MEXC DRAM_USDT	+0.0276%	8h	61.300	−0.041%	$9.0M	$5.4M	100x	as long as short
Binance DRAMUSDT	+0.0278%	8h	61.307	−0.029%	$44.4M	$98.9M	50x	as long as short
Extended DRAM-USD	+0.0280%	1h	61.280	−0.073%	$98K	$293K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0345%	8h	61.300	−0.041%	$36K	$228K	10x	as long as short
Entropy io:DRAM	+0.0440%	1h	61.294	−0.050%	$303K	$1.7M	25x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.288	−0.059%	$461K	$367K	20x	as long as short
BloFin DRAM-USDT	+0.0662%	8h	61.310	−0.024%	$306K	$28K	20x	as long as short