DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0111%/8h= +12.2% APRnext payment +$1.11 per $10,000 · paid last 24h +0.036%

Price spread now: Aster against Phemex−0.086%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1081.082% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.086%, 7d avg −0.001%

Together, before fees+0.188%+ Points / potential airdropAster: Stage 5 · farm board+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.084% cheaper against Phemex than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.001%). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.113% in total) that is about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.800	0	get 0.0000% / 8h	1h 04m	$1.8M	$1.3M	10x
Short	Aster DRAMUSDT	61.747	0.0111	get 0.0111% / 8h	1h 04m	$199K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now −0.086%Rate

Funding earned: $23.34
Price spread: −0.086% → −0.001%: −$8.44
Slippage, 4 orders: −$88.21
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$93.31
Costs to cover: 1.082%
Break-even: 35.0 days

Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 12 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 Phemex live order book, 3 min ago	2.43 bp	39.9 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 12 min ago	3.24 bp	7.2 bp −$7	9.0 bp −$90	225.5 bp −$22.5K	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	61.800	0.000%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.790	−0.016%	$885	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.800	long leg	$1.8M	$1.3M	10x
edgeX DRAMUSDC	0.0000%	4h	61.763	−0.060%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.766	−0.055%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.097%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.718	−0.133%	$260K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.770	−0.049%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.787	−0.021%	$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	61.730	−0.113%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.780	−0.032%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.737	−0.102%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	−0.049%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.770	−0.049%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	−0.032%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.802	+0.003%	$4K	—	10x	as long as short
Aster DRAMUSDTshort	+0.0111%	8h	61.747	−0.086%	$199K	$36K	20x
Bitget DRAMUSDT	+0.0116%	8h	61.780	−0.032%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0120%	8h	61.800	0.000%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.782	−0.029%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0156%	8h	61.785	−0.024%	—	—	5x	as long as short
Variational Omni DRAM	+0.0201%	8h	61.767	−0.054%	$2.4M	$938K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.356%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0240%	8h	61.848	+0.078%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0244%	8h	61.790	−0.016%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0245%	8h	61.798	−0.003%	$43.9M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.787	−0.022%	$77K	$766K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.793	−0.011%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.796	−0.006%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0286%	1h	61.779	−0.034%	$79.3M	$39.3M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.780	−0.032%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0476%	8h	61.760	−0.065%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	−0.049%	$50K	$91K	10x	as long as short