DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.0222%/8h= +24.3% APRnext payment +$2.22 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against Bybit−0.167%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.110%+$11 · spread now −0.167%, 7d avg −0.025%

Together, before fees+0.112%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.142% cheaper against Bybit than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of −0.025%). If the spread goes back, that is −$14 on $10k: about 2.1 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.002% in total) that is about 15 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.22 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	Bybit DRAMUSDT	61.480	0	get 0.0000% / 8h	5h 52m	$9.6M	$11.2M	100x
Short	Aster DRAMUSDT	61.377	0.0222	get 0.0222% / 8h	5h 52m	$196K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.167%Rate

Funding earned: $46.55
Price spread: −0.167% → −0.025%: −$14.19
Slippage, 4 orders: −$18.47
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.1
Costs to cover: 0.375%
Break-even: 7.8 days

Slippage from Bybit: live order book, 4 min ago; Aster: live order book, 56 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 Bybit live order book, 4 min ago	0.81 bp	9.0 bp −$9	15.7 bp −$157	263.9 bp −$26.4K	doesn't fit
Sell Aster live order book, 56 min ago	2.46 bp	8.0 bp −$8	8.9 bp −$89	243.4 bp −$24.3K	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 DRAMUSDTlong	0.0000%	8h	61.480	long leg	$9.6M	$11.2M	100x
Bitget DRAMUSDT	0.0000%	8h	61.480	0.000%	$26.8M	$17.0M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.480	0.000%	$689	$2.4M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.410	−0.114%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.470	−0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.349	−0.214%	$1K	$26K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.430	−0.081%	$60K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.460	−0.033%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.462	−0.029%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.483	+0.005%	$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	61.410	−0.114%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0057%	1h	61.510	+0.049%	$1.0M	$98K	10x	as long as short
edgeX DRAMUSDC	+0.0062%	4h	61.351	−0.209%	$149K	$298K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0076%	1h	61.460	−0.033%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.467	−0.022%	$74K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.410	−0.114%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.480	0.000%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.470	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.487	+0.011%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0131%	8h	61.461	−0.030%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0131%	1h	61.444	−0.059%	$79.8M	$38.3M	20x	as long as short
Gate DRAM_USDT	+0.0135%	8h	61.500	+0.033%	$8.0M	$3.7M	75x	as long as short
Lighter DRAM	+0.0136%	1h	61.455	−0.041%	$1.1M	$1.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0173%	8h	61.490	+0.016%	$5.5M	$6.7M	50x	as long as short
Aster DRAMUSDTshort	+0.0222%	8h	61.377	−0.167%	$196K	$28K	20x
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.330	−0.244%	$537K	$91K	20x	as long as short
Variational Omni DRAM	+0.0250%	8h	61.369	−0.180%	$2.2M	$688K	—	as long as short
BloFin DRAM-USDT	+0.0311%	8h	61.500	+0.033%	$305K	$27K	20x	as long as short
MEXC DRAM_USDT	+0.0313%	8h	61.470	−0.016%	$9.0M	$5.4M	100x	as long as short
Binance DRAMUSDT	+0.0319%	8h	61.460	−0.033%	$44.6M	$97.5M	50x	as long as short
Extended DRAM-USD	+0.0320%	1h	61.460	−0.033%	$100K	$298K	10x	as long as short
Entropy io:DRAM	+0.0484%	1h	61.476	−0.007%	$326K	$1.7M	25x	as long as short
RISEx DRAM/USDC	+0.0600%	1h	61.468	−0.020%	$462K	$370K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0764%	8h	61.460	−0.033%	$37K	$220K	10x	as long as short