DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.3% APRnext payment +$0.40 per $10,000 · paid last 24h +0.101%

Price spread now: BloFin against Phemex+0.049%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$990.989% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.049%, 7d avg +0.004%

Together, before fees+0.140%+$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.045% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.150	0	get 0.0000% / 8h	1h 26m	$1.7M	$1.3M	10x
Short	BloFin DRAM-USDT	61.180	0.0040	get 0.0040% / 8h	1h 26m	$300K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.049%Rate

Funding earned: $8.33
Price spread: +0.049% → +0.004%: $4.46
Slippage, 4 orders: −$74.89
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$86.1
Costs to cover: 0.989%
Break-even: 79.3 days

Slippage from Phemex: live order book, 2 min ago; BloFin: live order book, 58 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, 2 min ago	1.63 bp	44.6 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 58 min ago	1.63 bp	10.9 bp −$11	20.6 bp −$206	58.9 bp −$5,890	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
Bitget DRAMUSDT	−0.0583%	8h	61.210	+0.098%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.198	+0.078%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.180	+0.049%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.162	+0.020%	$424K	$353K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.200	+0.082%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.160	+0.017%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.140	−0.016%	$846	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.140	−0.016%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.150	0.000%	$27K	$3K	20x	as long as short
Phemex DRAMUSDTlong	0.0000%	8h	61.150	long leg	$1.7M	$1.3M	10x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX DRAMUSDC	+0.0006%	4h	61.166	+0.026%	$148K	$300K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0006%	8h	61.180	+0.049%	$5.4M	$5.9M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.119	−0.050%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.150	0.000%	$996K	$84K	10x	as long as short
BloFin DRAM-USDTshort	+0.0040%	8h	61.180	+0.049%	$300K	$26K	20x
Arcus DRAM-USD	+0.0040%	1h	61.120	−0.049%	$48K	$68K	10x	as long as short
Variational Omni DRAM	+0.0042%	8h	61.134	−0.026%	$2.3M	$682K	—	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.140	−0.016%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.116	−0.056%	$168K	$471K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.138	−0.020%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.135	−0.025%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.100	−0.082%	$1.1M	$3.5M	10x	as long as short
tradeXYZ xyz:DRAM	+0.0079%	1h	61.144	−0.010%	$79.2M	$35.9M	20x	as long as short
Binance DRAMUSDT	+0.0087%	8h	61.167	+0.028%	$43.7M	$87.7M	50x	as long as short
Extended DRAM-USD	+0.0088%	1h	61.132	−0.030%	$74K	$189K	10x	as long as short
MEXC DRAM_USDT	+0.0088%	8h	61.170	+0.033%	$8.0M	$5.6M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0089%	8h	61.148	−0.003%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.139	−0.018%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.140	−0.016%	$3.0M	$417K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.150	0.000%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.140	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.138	−0.019%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.065%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0184%	1h	61.192	+0.069%	$1.1M	$1.2M	20x	as long as short