Funding you earn now, next payment 08:00 UTC−0.0133%/8h= −14.6% APRnext payment −$1.33 per $10,000 · paid last 24h −0.005%
Price spread now: OKX against Bybit−0.064%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$320.324% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 7 days+0.070%+$7 · spread now −0.064%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.050% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DRAMUSDT | 62.210 | 0.0358 | pay 0.0358% / 8h | 6h 39m | $9.6M | $10.2M | 100x |
| Short | OKX DRAM-USDT-SWAP | 62.170 | 0.0225 | get 0.0225% / 8h | 6h 39m | $5.5M | $4.7M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. 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
- −$27.96
- Price spread: −0.064% → −0.015%
- −$4.96
- Slippage, 4 orders
- −$11.41
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$65.33
- Costs to cover
- 0.324%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; OKX: 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 Bybit live order book, 4 min ago | 0.80 bp | 6.9 bp −$7 | 13.0 bp −$130 | 127.8 bp −$12.8K | doesn't fit |
| Sell OKX live order book, 4 min ago | 0.80 bp | 7.5 bp −$8 | 16.3 bp −$163 | 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 | 62.180 | −0.048% | $890 | $2.9M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.180 | −0.048% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.170 | −0.064% | $1.7M | $1.3M | 10x | as long as short |
| edgeX DRAMUSDC | +0.0009% | 4h | 62.195 | −0.025% | $151K | $295K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0034% | 1h | 62.161 | −0.079% | $1K | $34K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.170 | −0.064% | $50K | $82K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.090 | −0.193% | — | — | 10x | as long as short |
| QFEX DRAM-USD | +0.0046% | 1h | 62.130 | −0.129% | $1.0M | $78K | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 62.143 | −0.108% | $252K | $434K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.122 | −0.141% | $266K | $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 | 62.150 | −0.096% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.160 | −0.080% | $1.1M | $1.8M | 10x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.117 | −0.150% | $76K | $43K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.130 | −0.129% | $3.0M | $406K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.210 | 0.000% | $22K | $185K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.190 | −0.032% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.189 | −0.034% | $4K | — | 10x | as long as short |
| Lighter DRAM | +0.0128% | 1h | 62.155 | −0.088% | $965K | $1.0M | 20x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0152% | 1h | 62.130 | −0.129% | $534K | $93K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0187% | 8h | 62.132 | −0.125% | — | — | 5x | as long as short |
| OKX DRAM-USDT-SWAPshort | +0.0225% | 8h | 62.170 | −0.064% | $5.5M | $4.7M | 50x | |
| tradeXYZ xyz:DRAM | +0.0233% | 1h | 62.145 | −0.104% | $81.8M | $36.8M | 20x | as long as short |
| Bybit DRAMUSDTlong | +0.0358% | 8h | 62.210 | long leg | $9.6M | $10.2M | 100x | |
| Bitget DRAMUSDT | +0.0393% | 8h | 62.170 | −0.064% | $26.0M | $12.8M | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0394% | 1h | 62.150 | −0.096% | $13K | $3K | 20x | as long as short |
| Aster DRAMUSDT | +0.0476% | 8h | 62.180 | −0.048% | $200K | $36K | 20x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0544% | 8h | 62.212 | +0.003% | $37K | $152K | 10x | as long as short |
| Variational Omni DRAM | +0.0568% | 8h | 62.195 | −0.024% | $2.4M | $758K | — | as long as short |
| Gate DRAM_USDT | +0.0599% | 8h | 62.190 | −0.032% | $8.2M | $3.4M | 75x | as long as short |
| Extended DRAM-USD | +0.0600% | 1h | 62.156 | −0.087% | $75K | $663K | 10x | as long as short |
| Binance DRAMUSDT | +0.0604% | 8h | 62.170 | −0.064% | $44.6M | $82.3M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0605% | 8h | 62.170 | −0.064% | $9.7M | $5.9M | 100x | as long as short |
| RISEx DRAM/USDC | +0.0835% | 1h | 62.142 | −0.109% | $448K | $504K | 20x | as long as short |
| BloFin DRAM-USDT | +0.0951% | 8h | 62.380 | +0.273% | $301K | $26K | 20x | as long as short |
Bybit DRAMUSDT
OKX DRAM-USDT-SWAP
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
edgeX DRAMUSDC
Aftermath Perps DRAMUSD
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Lighter DRAM
Coinbase International DRAM-PERP-INTX
Paradex DRAM-USD-PERP
tradeXYZ xyz:DRAM
Bitget DRAMUSDT
Deribit DRAM_USDC-PERPETUAL
Aster DRAMUSDT
GRVT DRAM_USDT_Perp
Variational Omni DRAM
Gate DRAM_USDT
Extended DRAM-USD
Binance DRAMUSDT
MEXC DRAM_USDT
RISEx DRAM/USDC
BloFin DRAM-USDT