Spread before costs (cost unknown: a leg has no order-book sample)0.000%
7d average—if it closes, per $10,000$0funding while held, a day−$7.23
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DRAM_USDC-PERPETUAL | 61.120 | 0.0241 | pay 0.0030% / 1h | 28m 35s | $13K | $17K | 20x |
| Short | Phemex DRAMUSDT | 61.120 | 0 | get 0.0000% / 8h | 1h 28m | $1.8M | $1.1M | 10x |
Deribit DRAM_USDC-PERPETUAL
Phemex DRAMUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $0
- Funding while held
- −$7.23
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$26.23
- Spread needed to break even
- 0.190%
Slippage unknown: Deribit: no order-book sample; Phemex: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0241%
- Per $10,000 a day
- −$7.23
- Average in range /8h
- —
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 Deribit no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 1 min ago | 3.27 bp | 46.1 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
DRAM price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International60.720cheapestOndo Perps61.020+0.494%Aftermath Perps61.046+0.537%Entropy61.052+0.547%ApeX Omni61.060+0.560%RISEx61.066+0.569%Vest61.070+0.576%Polymarket Perps61.074+0.583%edgeX61.075+0.584%HTX61.080+0.593%Variational Omni61.081+0.594%Arcus61.090+0.609%QFEX61.090+0.609%KuCoin61.100+0.626%BloFin61.100+0.626%Binance61.108+0.640%tradeXYZ61.109+0.641%SoDEX61.115+0.651%Extended61.117+0.654%Aevo61.118+0.656%OKX61.120+0.659%
Coinbase International
Ondo Perps
Entropy
ApeX Omni
RISEx
Vest
Polymarket Perps
HTX
Variational Omni
Arcus
QFEX
KuCoin
BloFin
Binance
tradeXYZ
SoDEX
Extended
Aevo
OKXDeribit61.120+0.659%
Phemex61.120+0.659%
Paradex61.124+0.666%Pacifica61.126+0.669%Aster61.130+0.675%Gate61.130+0.675%Orderly61.130+0.675%SunX61.130+0.675%MEXC61.140+0.692%Lighter61.146+0.702%Bitget61.150+0.708%Bybit61.151+0.710%
Paradex
Pacifica
Aster
Gate
Orderly
SunX
MEXC
Lighter
Bitget
BybitDRAM on 33 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International DRAM-PERP-INTX | −0.654% | +0.0064% | 1h | $504K | $30K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | −0.164% | +0.0050% | 1h | $1.2M | $1.4M | 10x | as long as short |
| Aftermath Perps DRAMUSD | −0.121% | +0.0247% | 1h | $1K | $34K | 5x | as long as short |
| Entropy io:DRAM | −0.111% | +0.0117% | 1h | $241K | $531K | 25x | as long as short |
| ApeX Omni DRAMUSDT | −0.098% | +0.0100% | 1h | $21K | $173K | 50x | as long as short |
| RISEx DRAM/USDC | −0.089% | 0.0000% | 1h | $421K | $369K | 20x | as long as short |
| Vest DRAM-USD-PERP | −0.082% | +0.0046% | 1h | — | $797 | 10x | as long as short |
| Polymarket Perps DRAM-USD | −0.075% | +0.0050% | 1h | $189K | $1.1M | 10x | as long as short |
| edgeX DRAMUSDC | −0.074% | +0.0065% | 4h | $151K | $287K | 20x | as long as short |
| HTX DRAM-USDT | −0.065% | 0.0000% | 8h | $27K | $2K | 20x | as long as short |
Show all 33 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni DRAM | −0.064% | 0.0000% | 8h | $2.4M | $1.1M | — | as long as short |
| Arcus DRAM-USD | −0.049% | +0.0085% | 1h | $52K | $100K | 10x | as long as short |
| QFEX DRAM-USD | −0.049% | +0.0051% | 1h | $994K | $435K | 10x | as long as short |
| KuCoin DRAMUSDTM | −0.033% | +0.0100% | 8h | $3.0M | $372K | 20x | as long as short |
| BloFin DRAM-USDT | −0.033% | +0.0005% | 8h | $296K | $20K | 20x | as long as short |
| Binance DRAMUSDT | −0.019% | 0.0000% | 8h | $43.8M | $65.6M | 50x | as long as short |
| tradeXYZ xyz:DRAM | −0.018% | +0.0050% | 1h | $77.9M | $32.9M | 20x | as long as short |
| SoDEX DRAM-USD | −0.008% | +0.0050% | 1h | $2K | $15K | 20x | as long as short |
| Extended DRAM-USD | −0.005% | 0.0000% | 1h | $73K | $710K | 10x | as long as short |
| Aevo DRAM-PERP | −0.003% | +0.0104% | 1h | $4K | — | 10x | as long as short |
| OKX DRAM-USDT-SWAP | 0.000% | 0.0000% | 8h | $5.3M | $4.4M | 50x | as long as short |
| Deribit DRAM_USDC-PERPETUALlong | 0.000% | +0.0241% | 1h | $13K | $17K | 20x | |
| Phemex DRAMUSDTshort | 0.000% | 0.0000% | 8h | $1.8M | $1.1M | 10x | |
| Paradex DRAM-USD-PERP | +0.007% | +0.0066% | 8h | — | — | 5x | as long as short |
| Pacifica DRAM | +0.010% | +0.0100% | 1h | $75K | $40K | 10x | as long as short |
| Aster DRAMUSDT | +0.016% | 0.0000% | 8h | $193K | $17K | 20x | as long as short |
| Gate DRAM_USDT | +0.016% | 0.0000% | 8h | $8.2M | $2.9M | 75x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.016% | +0.0100% | 8h | $8K | — | 10x | as long as short |
| SunX DRAM-USDT | +0.016% | 0.0000% | 8h | $958 | $3.0M | 10x | as long as short |
| MEXC DRAM_USDT | +0.033% | 0.0000% | 8h | $10.5M | $5.5M | 100x | as long as short |
| Lighter DRAM | +0.043% | +0.0120% | 1h | $993K | $1.1M | 20x | as long as short |
| Bitget DRAMUSDT | +0.049% | 0.0000% | 8h | $25.8M | $10.5M | 20x | as long as short |
| Bybit DRAMUSDT | +0.051% | 0.0000% | 8h | $9.0M | $8.4M | 100x | as long as short |