Funding you earn now, next payment 08:00 UTC+0.0776%/8h= +84.9% APRnext payment +$7.76 per $10,000 · paid last 24h +0.025%
Price spread now: OKX against Bitget−0.049%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.312% of the position
Funding, last 7 days+0.018%+$2 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.049%, 7d avg −0.008%
=Funding pays, the price is against you. OKX is 0.041% cheaper against Bitget than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of −0.008%). If the spread goes back, that is −$4 on $10k: about 4 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.018% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.76 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 | 60.910 | −0.0764 | get 0.0764% / 8h | 11m 30s | $26.6M | $15.2M | 20x |
| Short | OKX DRAM-USDT-SWAP | 60.880 | 0.0012 | get 0.0012% / 8h | 11m 30s | $5.4M | $6.0M | 50x |
Bitget DRAMUSDT
OKX DRAM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- $162.9
- Price spread: −0.049% → −0.008%
- −$4.13
- Slippage, 4 orders
- −$9.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $127.57
- Costs to cover
- 0.312%
- Break-even
- 1.5 days
Slippage from Bitget: live order book, 2 min ago; OKX: live order book, 1 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, 2 min ago | 0.82 bp | 7.3 bp −$7 | 11.5 bp −$115 | 26.6 bp −$2,665 | 81.5 bp −$40.8K |
| Sell OKX live order book, 1 min ago | 0.82 bp | 8.2 bp −$8 | 17.2 bp −$172 | 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 DRAMUSDTlong | −0.0764% | 8h | 60.910 | long leg | $26.6M | $15.2M | 20x | |
| Aster DRAMUSDT | 0.0000% | 8h | 60.889 | −0.035% | $195K | $38K | 20x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.858 | −0.085% | $421K | $340K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 60.910 | 0.000% | $8.0M | $3.8M | 75x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 60.876 | −0.057% | $2.3M | $589K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 60.887 | −0.038% | $36K | $208K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 60.860 | −0.082% | $698 | $2.6M | 10x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | 0.0000% | 1h | 60.850 | −0.099% | $13K | $3K | 20x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.840 | −0.115% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 60.850 | −0.099% | $1.7M | $1.3M | 10x | as long as short |
Aster DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
Variational Omni DRAM
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
Deribit DRAM_USDC-PERPETUAL
HTX DRAM-USDT
Phemex DRAMUSDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX DRAM-USDT-SWAPshort | +0.0012% | 8h | 60.880 | −0.049% | $5.4M | $6.0M | 50x | |
| Binance DRAMUSDT | +0.0021% | 8h | 60.860 | −0.082% | $43.8M | $89.1M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0022% | 8h | 60.850 | −0.099% | $8.4M | $5.7M | 100x | as long as short |
| Extended DRAM-USD | +0.0024% | 1h | 60.845 | −0.107% | $74K | $198K | 10x | as long as short |
| Bybit DRAMUSDT | +0.0024% | 8h | 60.880 | −0.049% | $9.6M | $10.4M | 100x | as long as short |
| Aftermath Perps DRAMUSD | +0.0039% | 1h | 60.858 | −0.085% | $1K | $29K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 60.850 | −0.099% | $47K | $67K | 10x | as long as short |
| QFEX DRAM-USD | +0.0040% | 1h | 60.860 | −0.082% | $991K | $84K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.860 | −0.082% | — | — | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 60.831 | −0.130% | $179K | $481K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.834 | −0.125% | $253K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.855 | −0.090% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.830 | −0.131% | $1.1M | $3.5M | 10x | as long as short |
| BloFin DRAM-USDT | +0.0052% | 8h | 60.890 | −0.033% | $298K | $26K | 20x | as long as short |
| edgeX DRAMUSDC | +0.0059% | 4h | 60.867 | −0.070% | $148K | $300K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0097% | 8h | 60.853 | −0.094% | — | — | 5x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 60.864 | −0.075% | $73K | $34K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.850 | −0.099% | $3.0M | $421K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 60.880 | −0.049% | $21K | $183K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.880 | −0.049% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.852 | −0.095% | $4K | — | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0176% | 1h | 60.940 | +0.049% | $523K | $75K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0182% | 1h | 60.835 | −0.123% | $78.7M | $35.9M | 20x | as long as short |
| Lighter DRAM | +0.0360% | 1h | 60.870 | −0.066% | $1.1M | $1.2M | 20x | as long as short |
Binance DRAMUSDT
MEXC DRAM_USDT
Extended DRAM-USD
Bybit DRAMUSDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
QFEX DRAM-USD
Vest DRAM-USD-PERP
Entropy io:DRAM
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
BloFin DRAM-USDT
edgeX DRAMUSDC
Paradex DRAM-USD-PERP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Coinbase International DRAM-PERP-INTX
tradeXYZ xyz:DRAM
Lighter DRAM