DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h −0.048%

Price spread now: QFEX against Entropy+0.052%51s7-day average 0.000% · 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—prices read too far apart to compare

costs, in and out, $10k−$430.425% of the position

Long on Entropy Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.052%, 7d avg 0.000%

Together, before fees−0.081%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.052% dearer against Entropy than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.678	0.0050	pay 0.0006% / 1h	44m 43s	$254K	$505K	25x
Short	QFEX DRAM-USD	61.710	0.0052	get 0.0007% / 1h	44m 43s	$1.0M	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $0.5
Price spread: +0.052% → 0.000%: $5.19
Slippage, 4 orders: −$14.52
Fee Entropy: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$36.83
Costs to cover: 0.425%
Break-even: 518.5 days

Slippage from Entropy: live order book, 30 min ago; QFEX: live order book, just now.

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, 30 min ago	3.01 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, just now	1.62 bp	6.6 bp −$7	6.6 bp −$66	11.2 bp −$1,119	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
Gate DRAM_USDT	0.0000%	8h	61.730	+0.084%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.730	+0.084%	$1K	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.730	+0.084%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.730	+0.084%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	61.709	+0.050%	$153K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.696	+0.029%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.045%	—	$797	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	61.678	long leg	$254K	$505K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.700	+0.036%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.726	+0.078%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.062%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USDshort	+0.0052%	1h	61.710	+0.052%	$1.0M	$77K	10x
OKX DRAM-USDT-SWAP	+0.0087%	8h	61.740	+0.101%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0090%	8h	61.727	+0.079%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0094%	8h	61.750	+0.117%	$26.0M	$12.5M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.740	+0.100%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	+0.068%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	+0.052%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	+0.084%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.731	+0.086%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0134%	8h	61.707	+0.047%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0149%	8h	61.703	+0.041%	—	—	5x	as long as short
Variational Omni DRAM	+0.0173%	8h	61.699	+0.034%	$2.4M	$967K	—	as long as short
Bybit DRAMUSDT	+0.0179%	8h	61.766	+0.143%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.159%	$510K	$44K	20x	as long as short
MEXC DRAM_USDT	+0.0221%	8h	61.730	+0.084%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0222%	8h	61.731	+0.086%	$43.7M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.720	+0.068%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.731	+0.086%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0304%	1h	61.716	+0.062%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0321%	1h	61.717	+0.063%	$79.2M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0334%	8h	61.710	+0.052%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.730	+0.084%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	+0.052%	$50K	$92K	10x	as long as short