DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0129%/8h= −14.2% APRnext payment −$0.16 per $10,000 · paid last 24h +0.044%

Price spread now: Deribit against Entropy+0.175%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Entropy Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.175% dearer against Entropy than usual: you sell high and buy low (spread +0.175% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	62.381	0.0520	pay 0.0065% / 1h	4m 43s	$255K	$448K	25x
Short	Deribit DRAM_USDC-PERPETUAL	62.490	0.0391	get 0.0049% / 1h	4m 43s	$13K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Entropy. 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 EntropybpFee DeribitbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$27.16
Price spread: +0.175% → 0.000%: $17.47
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.69
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 50 min ago; Deribit: no order-book sample. Net counts fees only.

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, 50 min ago	2.25 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

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 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	62.490	+0.175%	$596	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.450	+0.111%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.490	+0.175%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.461	+0.128%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.430	+0.079%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.462	+0.130%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.488	+0.172%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	+0.030%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	62.481	+0.161%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.496	+0.185%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.450	+0.111%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.370	−0.018%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.510	+0.207%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.512	+0.210%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.478	+0.155%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.480	+0.159%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	+0.014%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	62.473	+0.147%	$82.3M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0240%	8h	62.488	+0.171%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0248%	8h	62.510	+0.207%	$5.5M	$4.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUALshort	+0.0391%	1h	62.490	+0.175%	$13K	$3K	20x
Bybit DRAMUSDT	+0.0475%	8h	62.539	+0.253%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0497%	8h	62.375	−0.010%	$201K	$36K	20x	as long as short
Entropy io:DRAMlong	+0.0520%	1h	62.381	long leg	$255K	$448K	25x
Variational Omni DRAM	+0.0585%	8h	62.483	+0.164%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0595%	8h	62.500	+0.191%	$26.2M	$12.8M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.460	+0.127%	$51K	$82K	10x	as long as short
MEXC DRAM_USDT	+0.0620%	8h	62.480	+0.159%	$9.7M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0624%	1h	62.485	+0.167%	$76K	$665K	10x	as long as short
Binance DRAMUSDT	+0.0629%	8h	62.490	+0.175%	$45.0M	$81.9M	50x	as long as short
Gate DRAM_USDT	+0.0837%	8h	62.510	+0.207%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0980%	8h	62.500	+0.191%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1049%	8h	62.448	+0.108%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.479	+0.157%	$456K	$499K	20x	as long as short