DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0231%/8h= +25.3% APRnext payment +$2.31 per $10,000 · paid last 24h +0.005%

Price spread now: Bybit against OKX+0.045%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.045%, 7d avg +0.014%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.030% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.31 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	OKX DRAM-USDT-SWAP	62.510	0.0249	pay 0.0249% / 8h	7h 04m	$5.5M	$4.6M	50x
Short	Bybit DRAMUSDT	62.538	0.0480	get 0.0480% / 8h	7h 04m	$9.6M	$10.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.045%Rate

Funding earned: $48.57
Price spread: +0.045% → +0.014%: $3.03
Slippage, 4 orders: −$10.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $20.19
Costs to cover: 0.314%
Break-even: 4.1 days

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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 OKX live order book, 3 min ago	0.80 bp	7.6 bp −$8	14.4 bp −$144	87.9 bp −$8,787	doesn't fit
Sell Bybit live order book, 3 min ago	0.80 bp	8.6 bp −$9	11.1 bp −$111	108.1 bp −$10.8K	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
SunX DRAM-USDT	0.0000%	8h	62.490	−0.032%	$596	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.450	−0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.490	−0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.461	−0.078%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.430	−0.128%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.462	−0.077%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.488	−0.035%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	−0.176%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0069%	4h	62.481	−0.046%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.501	−0.015%	$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	−0.096%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.370	−0.224%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.510	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.512	+0.003%	$4K	—	10x	as long as short
Lighter DRAM	+0.0120%	1h	62.478	−0.051%	$972K	$1.3M	20x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.470	−0.064%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.192%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0227%	1h	62.473	−0.059%	$82.3M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0243%	8h	62.502	−0.013%	—	—	5x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0249%	8h	62.510	long leg	$5.5M	$4.6M	50x
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.490	−0.032%	$13K	$3K	20x	as long as short
Bybit DRAMUSDTshort	+0.0480%	8h	62.538	+0.045%	$9.6M	$10.4M	100x
Aster DRAMUSDT	+0.0503%	8h	62.379	−0.210%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0520%	1h	62.381	−0.206%	$255K	$448K	25x	as long as short
Variational Omni DRAM	+0.0585%	8h	62.483	−0.042%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0596%	8h	62.500	−0.016%	$26.2M	$12.8M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.460	−0.080%	$51K	$82K	10x	as long as short
Extended DRAM-USD	+0.0624%	1h	62.475	−0.055%	$76K	$665K	10x	as long as short
MEXC DRAM_USDT	+0.0624%	8h	62.480	−0.048%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0629%	8h	62.490	−0.032%	$45.0M	$81.9M	50x	as long as short
Gate DRAM_USDT	+0.0843%	8h	62.510	0.000%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0980%	8h	62.500	−0.016%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1049%	8h	62.448	−0.099%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.482	−0.045%	$456K	$499K	20x	as long as short