Funding you earn now, next payment 08:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h +0.029%
Price spread now: Binance against Entropy+0.071%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 5 days (all we have)−0.043%−$4 on $10k
+Price spread, last 4 days (all we have)+0.366%+$37 · spread now +0.071%, 7d avg +0.016%
=The price spread pays, funding is against you. Binance is 0.055% dearer against Entropy than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.016%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:DRAM | 60.847 | 0.0050 | pay 0.0006% / 1h | 17m 03s | $179K | $480K | 25x |
| Short | Binance DRAMUSDT | 60.890 | 0.0025 | get 0.0025% / 8h | 17m 03s | $43.8M | $89.1M | 50x |
Entropy io:DRAM
Binance DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Entropy. 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
- −$5.2
- Price spread: +0.071% → +0.016%
- $5.49
- Slippage, 4 orders
- −$28.95
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$56.66
- Costs to cover
- 0.570%
- Break-even
- never at this rate
Slippage from Entropy: live order book, 38 min ago; Binance: live order book, 11 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 Entropy live order book, 38 min ago | 2.38 bp | 21.4 bp −$21 | 100.7 bp −$1,007 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.82 bp | 5.8 bp −$6 | 9.3 bp −$93 | 41.3 bp −$4,127 | 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 DRAMUSDT | −0.0763% | 8h | 60.940 | +0.153% | $26.6M | $15.2M | 20x | as long as short |
| Aster DRAMUSDT | 0.0000% | 8h | 60.921 | +0.122% | $195K | $38K | 20x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.896 | +0.081% | $422K | $340K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 60.940 | +0.153% | $8.0M | $3.8M | 75x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 60.894 | +0.078% | $2.3M | $597K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 60.931 | +0.138% | $36K | $207K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 60.890 | +0.071% | $707 | $2.6M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.900 | +0.087% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 60.880 | +0.054% | $1.7M | $1.3M | 10x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0013% | 8h | 60.910 | +0.104% | $5.4M | $6.0M | 50x | as long as short |
Bitget DRAMUSDT
Aster DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
Variational Omni DRAM
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
OKX DRAM-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit DRAMUSDT | +0.0023% | 8h | 60.933 | +0.141% | $9.6M | $10.4M | 100x | as long as short |
| Extended DRAM-USD | +0.0024% | 1h | 60.874 | +0.045% | $74K | $201K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0025% | 8h | 60.870 | +0.038% | $7.7M | $5.7M | 100x | as long as short |
| Binance DRAMUSDTshort | +0.0025% | 8h | 60.890 | +0.071% | $43.8M | $89.1M | 50x | |
| Aftermath Perps DRAMUSD | +0.0039% | 1h | 60.903 | +0.092% | $1K | $29K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 60.880 | +0.054% | $47K | $67K | 10x | as long as short |
| QFEX DRAM-USD | +0.0040% | 1h | 60.900 | +0.087% | $992K | $84K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.890 | +0.071% | — | — | 10x | as long as short |
| Entropy io:DRAMlong | +0.0050% | 1h | 60.847 | long leg | $179K | $480K | 25x | |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.869 | +0.036% | $253K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.885 | +0.062% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.880 | +0.054% | $1.1M | $3.5M | 10x | as long as short |
| BloFin DRAM-USDT | +0.0057% | 8h | 60.920 | +0.120% | $299K | $26K | 20x | as long as short |
| edgeX DRAMUSDC | +0.0097% | 4h | 60.925 | +0.128% | $148K | $299K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 60.856 | +0.015% | $73K | $34K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.890 | +0.071% | $3.0M | $421K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 60.870 | +0.038% | $21K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.880 | +0.054% | $8K | — | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0104% | 8h | 60.876 | +0.047% | — | — | 5x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.879 | +0.053% | $4K | — | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0176% | 1h | 60.940 | +0.153% | $523K | $75K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0192% | 1h | 60.871 | +0.039% | $78.8M | $35.9M | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0243% | 1h | 60.880 | +0.054% | $13K | $3K | 20x | as long as short |
| Lighter DRAM | +0.0368% | 1h | 60.913 | +0.108% | $1.1M | $1.2M | 20x | as long as short |
Bybit DRAMUSDT
Extended DRAM-USD
MEXC DRAM_USDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
QFEX DRAM-USD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
BloFin DRAM-USDT
edgeX DRAMUSDC
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Paradex DRAM-USD-PERP
Aevo DRAM-PERP
Coinbase International DRAM-PERP-INTX
tradeXYZ xyz:DRAM
Deribit DRAM_USDC-PERPETUAL
Lighter DRAM