DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.007%

Price spread now: tradeXYZ against Entropy−0.018%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Entropy Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.030%−$3 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.018%, 7d avg −0.040%

Together, before fees−0.014%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.022% dearer against Entropy than usual: you sell high and buy low (spread −0.018% now, against its 7-day average of −0.040%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 32 hours. At the pace of the last 5 days (−0.030% in total) that is about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	62.397	0.0150	pay 0.0019% / 1h	7m 38s	$183K	$440K	25x
Short	tradeXYZ xyz:DRAM	62.386	0.0094	get 0.0012% / 1h	7m 38s	$81.7M	$35.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$11.76
Price spread: −0.018% → −0.040%: $2.21
Slippage, 4 orders: −$11.32
Fee Entropy: 9 bp × 2 orders: −$18
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$56.88
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Entropy: live order book, 17 min ago; tradeXYZ: 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, 17 min ago	2.16 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 11 min ago	0.16 bp	9.6 bp −$10	11.6 bp −$116	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
RISEx DRAM/USDC	0.0000%	1h	62.393	−0.006%	$440K	$502K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.410	+0.021%	$926	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	+0.005%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.400	+0.005%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0005%	8h	62.430	+0.053%	$37K	$174K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.392	−0.008%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0040%	1h	62.403	+0.010%	$1.0M	$1.1M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	+0.005%	$49K	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	62.423	+0.042%	$151K	$297K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.043%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.376	−0.034%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.412	+0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.390	−0.011%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.370	−0.043%	$1.0M	$78K	10x	as long as short
Bitget DRAMUSDT	+0.0062%	8h	62.400	+0.005%	$26.2M	$13.4M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.400	+0.005%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0083%	8h	62.398	+0.001%	—	—	5x	as long as short
tradeXYZ xyz:DRAMshort	+0.0094%	1h	62.386	−0.018%	$81.7M	$35.3M	20x
OKX DRAM-USDT-SWAP	+0.0096%	8h	62.420	+0.037%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.377	−0.033%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.400	+0.005%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.470	+0.117%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.430	+0.053%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.419	+0.035%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0127%	8h	62.428	+0.050%	$9.7M	$9.7M	100x	as long as short
Entropy io:DRAMlong	+0.0150%	1h	62.397	long leg	$183K	$440K	25x
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.107%	$535K	$75K	20x	as long as short
Aster DRAMUSDT	+0.0243%	8h	62.422	+0.040%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0318%	8h	62.423	+0.042%	$2.4M	$747K	—	as long as short
Binance DRAMUSDT	+0.0356%	8h	62.393	−0.006%	$44.9M	$80.1M	50x	as long as short
MEXC DRAM_USDT	+0.0359%	8h	62.390	−0.011%	$8.9M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0360%	1h	62.382	−0.023%	$76K	$622K	10x	as long as short
BloFin DRAM-USDT	+0.0393%	8h	62.430	+0.053%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0634%	8h	62.430	+0.053%	$8.2M	$3.5M	75x	as long as short