DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0551%/8h= −60.3% APRnext payment −$5.51 per $10,000 · paid last 24h −0.067%

Price spread now: Phemex against Gate−0.048%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1351.353% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.048%, 7d avg +0.007%

Together, before fees+0.040%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Phemex is 0.055% cheaper against Gate than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRAM_USDT	62.290	0.0551	pay 0.0551% / 8h	5h 28m	$8.1M	$3.5M	75x
Short	Phemex DRAMUSDT	62.260	0	get 0.0000% / 8h	5h 28m	$1.7M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$115.71
Price spread: −0.048% → +0.007%: −$5.51
Slippage, 4 orders: −$108.33
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$256.55
Costs to cover: 1.353%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Phemex: live order book, 4 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 Gate live order book, 5 min ago	1.60 bp	12.8 bp −$13	23.1 bp −$231	82.7 bp −$8,267	doesn't fit
Sell Phemex live order book, 4 min ago	2.41 bp	49.9 bp −$50	doesn't fit	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	62.244	−0.074%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.260	−0.048%	$901	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.240	−0.080%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTshort	0.0000%	8h	62.260	−0.048%	$1.7M	$1.3M	10x
Aftermath Perps DRAMUSD	+0.0030%	1h	62.222	−0.109%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	−0.096%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	−0.144%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.226	−0.103%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.239	−0.082%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.160	−0.209%	$1.2M	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.240	−0.080%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0062%	1h	62.191	−0.159%	$251K	$420K	25x	as long as short
edgeX DRAMUSDC	+0.0073%	4h	62.261	−0.047%	$151K	$298K	20x	as long as short
Bitget DRAMUSDT	+0.0081%	8h	62.250	−0.064%	$26.2M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.241	−0.078%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.250	−0.064%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.210	−0.128%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	−0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.272	−0.030%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.235	−0.088%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0136%	8h	62.215	−0.120%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0166%	8h	62.270	−0.032%	$37K	$157K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0180%	1h	62.217	−0.117%	$81.7M	$37.1M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.401%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0193%	8h	62.260	−0.048%	$5.5M	$4.4M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.240	−0.080%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0274%	8h	62.269	−0.034%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0396%	8h	62.262	−0.045%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0480%	8h	62.252	−0.061%	$2.4M	$715K	—	as long as short
Extended DRAM-USD	+0.0512%	1h	62.212	−0.125%	$75K	$669K	10x	as long as short
Binance DRAMUSDT	+0.0516%	8h	62.220	−0.112%	$44.7M	$81.7M	50x	as long as short
MEXC DRAM_USDT	+0.0518%	8h	62.220	−0.112%	$9.2M	$5.6M	100x	as long as short
Gate DRAM_USDTlong	+0.0551%	8h	62.290	long leg	$8.1M	$3.5M	75x
BloFin DRAM-USDT	+0.0774%	8h	62.250	−0.064%	$301K	$26K	20x	as long as short