Funding you earn now, next payment 08:00 UTC+0.0690%/8h= +75.6% APRnext payment +$6.90 per $10,000 · paid last 24h +0.052%
Price spread now: Binance against Bitget−0.066%7-day average −0.004% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days+0.069%+$7 · spread now −0.066%, 7d avg −0.004%
=Funding pays, the price is against you. Binance is 0.061% cheaper against Bitget than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.004%). If the spread goes back, that is −$6 on $10k: about 7 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.071% in total) that is about 6.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.071% in total (about 3.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.90 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 | Bitget DRAMUSDT | 61.030 | −0.0641 | get 0.0641% / 8h | 1h 04m | $26.1M | $14.8M | 20x |
| Short | Binance DRAMUSDT | 60.990 | 0.0049 | get 0.0049% / 8h | 1h 04m | $43.6M | $87.9M | 50x |
Bitget DRAMUSDT
Binance DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $144.95
- Price spread: −0.066% → −0.004%
- −$6.12
- Slippage, 4 orders
- −$5.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $111.48
- Costs to cover
- 0.273%
- Break-even
- 1.6 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 8 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 Bitget live order book, 4 min ago | 0.82 bp | 8.0 bp −$8 | 12.8 bp −$128 | 27.7 bp −$2,769 | 73.3 bp −$36.7K |
| Sell Binance live order book, 8 min ago | 0.82 bp | 5.8 bp −$6 | 8.5 bp −$85 | 40.7 bp −$4,075 | 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 DRAMUSDTlong | −0.0641% | 8h | 61.030 | long leg | $26.1M | $14.8M | 20x | |
| Aster DRAMUSDT | 0.0000% | 8h | 61.006 | −0.039% | $196K | $35K | 20x | as long as short |
| Bybit DRAMUSDT | 0.0000% | 8h | 61.035 | +0.008% | $9.4M | $10.2M | 100x | as long as short |
| OKX DRAM-USDT-SWAP | 0.0000% | 8h | 61.020 | −0.016% | $5.4M | $5.9M | 50x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 61.008 | −0.037% | $423K | $348K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 61.040 | +0.016% | $8.0M | $3.8M | 75x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 61.044 | +0.023% | $2.3M | $581K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 61.070 | +0.066% | $36K | $204K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 61.040 | +0.016% | $685 | $2.6M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.990 | −0.066% | $27K | $3K | 20x | as long as short |
Aster DRAMUSDT
Bybit DRAMUSDT
OKX DRAM-USDT-SWAP
RISEx DRAM/USDC
Gate DRAM_USDT
Variational Omni DRAM
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
HTX DRAM-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex DRAMUSDT | 0.0000% | 8h | 61.030 | 0.000% | $1.7M | $1.3M | 10x | as long as short |
| edgeX DRAMUSDC | 0.0000% | 4h | 61.051 | +0.034% | $148K | $298K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0028% | 1h | 61.020 | −0.016% | $1K | $30K | 5x | as long as short |
| QFEX DRAM-USD | +0.0039% | 1h | 61.030 | 0.000% | $994K | $84K | 10x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 61.030 | 0.000% | $48K | $67K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 61.020 | −0.016% | — | — | 10x | as long as short |
| Extended DRAM-USD | +0.0048% | 1h | 60.983 | −0.078% | $74K | $187K | 10x | as long as short |
| Binance DRAMUSDTshort | +0.0049% | 8h | 60.990 | −0.066% | $43.6M | $87.9M | 50x | |
| Entropy io:DRAM | +0.0050% | 1h | 60.985 | −0.074% | $180K | $481K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.998 | −0.052% | $254K | $1.4M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.015 | −0.025% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 61.020 | −0.016% | $1.1M | $3.5M | 10x | as long as short |
| MEXC DRAM_USDT | +0.0051% | 8h | 60.990 | −0.066% | $7.7M | $5.8M | 100x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0078% | 1h | 61.000 | −0.049% | $13K | $3K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0081% | 8h | 61.027 | −0.005% | — | — | 5x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.051 | +0.034% | $73K | $46K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.980 | −0.082% | $3.0M | $420K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.080 | +0.082% | $21K | $185K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 61.030 | 0.000% | $8K | — | 10x | as long as short |
| tradeXYZ xyz:DRAM | +0.0101% | 1h | 60.954 | −0.125% | $78.9M | $35.7M | 20x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.006 | −0.039% | $4K | — | 10x | as long as short |
| BloFin DRAM-USDT | +0.0120% | 8h | 61.030 | 0.000% | $298K | $26K | 20x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0160% | 1h | 61.110 | +0.131% | $525K | $75K | 20x | as long as short |
| Lighter DRAM | +0.0232% | 1h | 60.996 | −0.056% | $1.1M | $1.2M | 20x | as long as short |
Phemex DRAMUSDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
QFEX DRAM-USD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Extended DRAM-USD
Entropy io:DRAM
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
MEXC DRAM_USDT
Deribit DRAM_USDC-PERPETUAL
Paradex DRAM-USD-PERP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
tradeXYZ xyz:DRAM
Aevo DRAM-PERP
BloFin DRAM-USDT
Coinbase International DRAM-PERP-INTX
Lighter DRAM