DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0582%/8h= −63.7% APRnext payment −$5.82 per $10,000 · paid last 24h −0.071%

Price spread now: Phemex against Binance0.000%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$980.982% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 2 days (all we have)+0.008%+$1 · spread now 0.000%, 7d avg +0.019%

Together, before fees−0.172%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: −$17 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 -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.82 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	62.170	0.0582	pay 0.0582% / 8h	6h 18m	$44.6M	$81.9M	50x
Short	Phemex DRAMUSDT	62.170	0	get 0.0000% / 8h	6h 18m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$122.13
Price spread: 0.000% → +0.019%: −$1.86
Slippage, 4 orders: −$76.18
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$222.17
Costs to cover: 0.982%
Break-even: never at this rate

Slippage from Binance: live order book, 10 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 Binance live order book, 10 min ago	0.80 bp	5.8 bp −$6	9.4 bp −$94	35.5 bp −$3,552	doesn't fit
Sell Phemex live order book, 5 min ago	3.21 bp	41.9 bp −$42	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	62.150	−0.032%	$693	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.150	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.170	0.000%	$1.7M	$1.3M	10x
edgeX DRAMUSDC	+0.0032%	4h	62.187	+0.028%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0033%	1h	62.143	−0.044%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.150	−0.032%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.110	−0.096%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.130	−0.064%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.128	−0.067%	$252K	$430K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.130	−0.064%	$266K	$1.3M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.144	−0.042%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.100	−0.112%	$1.1M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.122	−0.077%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.140	−0.048%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.200	+0.048%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.160	−0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.169	−0.001%	$4K	—	10x	as long as short
Lighter DRAM	+0.0136%	1h	62.151	−0.030%	$966K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.064%	$534K	$93K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0167%	8h	62.136	−0.055%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0214%	1h	62.133	−0.059%	$81.8M	$36.8M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0222%	8h	62.180	+0.016%	$5.5M	$4.5M	50x	as long as short
Bitget DRAMUSDT	+0.0237%	8h	62.170	0.000%	$26.0M	$13.0M	20x	as long as short
Bybit DRAMUSDT	+0.0300%	8h	62.194	+0.039%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0394%	1h	62.150	−0.032%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0396%	8h	62.243	+0.117%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0456%	8h	62.167	−0.004%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0533%	8h	62.200	+0.048%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0547%	8h	62.183	+0.022%	$2.4M	$709K	—	as long as short
Binance DRAMUSDTlong	+0.0582%	8h	62.170	long leg	$44.6M	$81.9M	50x
Extended DRAM-USD	+0.0584%	1h	62.153	−0.027%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0585%	8h	62.170	0.000%	$9.6M	$5.9M	100x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.156	−0.023%	$447K	$504K	20x	as long as short