DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0222%/8h= +24.3% APRnext payment +$2.22 per $10,000 · paid last 24h +0.057%

Price spread now: Binance against Phemex+0.001%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1111.108% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 2 days (all we have)−0.007%−$1 · spread now +0.001%, 7d avg −0.016%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.730	0	get 0.0000% / 8h	1h 44m	$1.8M	$1.3M	10x
Short	Binance DRAMUSDT	61.731	0.0222	get 0.0222% / 8h	1h 44m	$43.7M	$82.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.001%Rate

Funding earned: $46.55
Price spread: +0.001% → −0.016%: $1.77
Slippage, 4 orders: −$88.85
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$62.52
Costs to cover: 1.108%
Break-even: 16.4 days

Slippage from Phemex: live order book, 4 min ago; Binance: live order book, 13 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, 4 min ago	2.43 bp	42.3 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.81 bp	6.3 bp −$6	11.6 bp −$116	44.2 bp −$4,424	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	0.000%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.730	0.000%	$1K	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.730	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.730	long leg	$1.8M	$1.3M	10x
edgeX DRAMUSDC	+0.0032%	4h	61.709	−0.034%	$153K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.696	−0.055%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.130%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.678	−0.084%	$254K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.700	−0.049%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.726	−0.006%	$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	−0.146%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.710	−0.032%	$1.0M	$77K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0087%	8h	61.740	+0.016%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0090%	8h	61.727	−0.006%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0094%	8h	61.750	+0.032%	$26.0M	$12.5M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.740	+0.016%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	−0.016%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.731	+0.002%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0134%	8h	61.707	−0.037%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0149%	8h	61.703	−0.043%	—	—	5x	as long as short
Variational Omni DRAM	+0.0173%	8h	61.699	−0.050%	$2.4M	$967K	—	as long as short
Bybit DRAMUSDT	+0.0179%	8h	61.766	+0.058%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.243%	$510K	$44K	20x	as long as short
MEXC DRAM_USDT	+0.0221%	8h	61.730	0.000%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDTshort	+0.0222%	8h	61.731	+0.001%	$43.7M	$82.7M	50x
Extended DRAM-USD	+0.0224%	1h	61.720	−0.017%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.731	+0.002%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0304%	1h	61.716	−0.023%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0321%	1h	61.717	−0.021%	$79.2M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0334%	8h	61.710	−0.032%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.730	0.000%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	−0.032%	$50K	$92K	10x	as long as short