DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRnext payment −$5.38 per $10,000 · paid last 24h −0.041%

Price spread now: KuCoin against Binance+0.053%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$810.812% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 2 days (all we have)−0.101%−$10 · spread now +0.053%, 7d avg −0.044%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.098% dearer against Binance than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of −0.044%): +$10 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 15 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.009% in total (about 0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.38 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	Binance DRAMUSDT	62.337	0.0638	pay 0.0638% / 8h	6h 58m	$44.9M	$82.2M	50x
Short	KuCoin DRAMUSDTM	62.370	0.0100	get 0.0100% / 8h	6h 58m	$3.0M	$418K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$112.88
Price spread: +0.053% → −0.044%: $9.79
Slippage, 4 orders: −$59.18
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$184.27
Costs to cover: 0.812%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; KuCoin: 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 Binance live order book, 14 min ago	0.80 bp	6.0 bp −$6	9.7 bp −$97	37.6 bp −$3,763	doesn't fit
Sell KuCoin live order book, 4 min ago	1.60 bp	26.4 bp −$26	doesn't fit	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	62.360	+0.037%	$781	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.440	+0.166%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.310	−0.043%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0023%	4h	62.427	+0.144%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.379	+0.068%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	+0.102%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.011%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.330	−0.011%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.360	+0.037%	$254K	$449K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.349	+0.020%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.320	−0.027%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.340	+0.005%	$1.2M	$1.8M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.340	+0.005%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.342	+0.008%	$76K	$42K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	62.370	+0.053%	$3.0M	$418K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.182%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.380	+0.069%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.319	−0.028%	$968K	$1.0M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.356	+0.032%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.390	+0.086%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0166%	1h	62.340	+0.005%	$82.1M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0228%	8h	62.368	+0.050%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0243%	8h	62.330	−0.011%	$5.5M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0430%	8h	62.370	+0.053%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0511%	8h	62.407	+0.113%	$201K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0576%	8h	62.350	+0.021%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0600%	8h	62.414	+0.124%	$2.4M	$751K	—	as long as short
Binance DRAMUSDTlong	+0.0638%	8h	62.337	long leg	$44.9M	$82.2M	50x
MEXC DRAM_USDT	+0.0639%	8h	62.310	−0.043%	$9.7M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.336	−0.002%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0804%	8h	62.370	+0.053%	$8.2M	$3.3M	75x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.368	+0.050%	$456K	$501K	20x	as long as short
BloFin DRAM-USDT	+0.0988%	8h	62.400	+0.102%	$300K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1063%	8h	62.440	+0.166%	$37K	$152K	10x	as long as short