Funding you earn now, next payment 08:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.022%
Price spread now: edgeX against Phemex+0.113%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1361.363% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.113%, 7d avg −0.011%
=Together, before fees+0.010%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.123% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex DRAMUSDT | 61.050 | 0 | get 0.0000% / 8h | 2h 26m | $1.7M | $1.3M | 10x |
| Short | edgeX DRAMUSDC | 61.119 | 0.0071 | get 0.0036% / 4h | 2h 26m | $148K | $297K | 20x |
Phemex DRAMUSDT
edgeX DRAMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.94
- Price spread: +0.113% → −0.011%
- $12.33
- Slippage, 4 orders
- −$115.33
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$109.05
- Costs to cover
- 1.363%
- Break-even
- 58.1 days
Slippage from Phemex: live order book, 2 min ago; edgeX: live order book, 21 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 | 1.64 bp | 58.5 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell edgeX live order book, 21 min ago | 2.43 bp | 7.0 bp −$7 | 15.0 bp −$150 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DRAMUSDT | −0.0412% | 8h | 61.120 | +0.115% | $25.8M | $14.0M | 20x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 61.040 | −0.016% | $423K | $507K | 20x | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 61.140 | +0.147% | $36K | $194K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 60.930 | −0.197% | $601 | $2.6M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.950 | −0.164% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDTlong | 0.0000% | 8h | 61.050 | long leg | $1.7M | $1.3M | 10x | |
| Bybit DRAMUSDT | +0.0012% | 8h | 61.078 | +0.046% | $9.4M | $10.2M | 100x | as long as short |
| Aftermath Perps DRAMUSD | +0.0024% | 1h | 61.076 | +0.042% | $1K | $31K | 5x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0033% | 8h | 61.080 | +0.049% | $5.4M | $5.3M | 50x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 61.010 | −0.066% | $48K | $75K | 10x | as long as short |
Bitget DRAMUSDT
RISEx DRAM/USDC
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
HTX DRAM-USDT
Bybit DRAMUSDT
Aftermath Perps DRAMUSD
OKX DRAM-USDT-SWAP
Arcus DRAM-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest DRAM-USD-PERP | +0.0046% | 1h | 61.060 | +0.016% | — | — | 10x | as long as short |
| QFEX DRAM-USD | +0.0050% | 1h | 61.070 | +0.033% | $995K | $84K | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 61.029 | −0.034% | $168K | $469K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 61.054 | +0.007% | $256K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.946 | −0.170% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.940 | −0.180% | $1.1M | $3.1M | 10x | as long as short |
| Aster DRAMUSDT | +0.0062% | 8h | 61.072 | +0.036% | $196K | $35K | 20x | as long as short |
| edgeX DRAMUSDCshort | +0.0071% | 4h | 61.119 | +0.113% | $148K | $297K | 20x | |
| Deribit DRAM_USDC-PERPETUAL | +0.0078% | 1h | 60.910 | −0.229% | $13K | $3K | 20x | as long as short |
| Gate DRAM_USDT | +0.0083% | 8h | 61.100 | +0.082% | $8.0M | $3.7M | 75x | as long as short |
| Paradex DRAM-USD-PERP | +0.0099% | 8h | 61.040 | −0.016% | — | — | 5x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.046 | −0.007% | $73K | $49K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 61.020 | −0.049% | $3.0M | $406K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.070 | +0.033% | $21K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.920 | −0.213% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.936 | −0.187% | $4K | — | 10x | as long as short |
| Variational Omni DRAM | +0.0122% | 8h | 61.116 | +0.107% | $2.3M | $676K | — | as long as short |
| tradeXYZ xyz:DRAM | +0.0126% | 1h | 61.066 | +0.026% | $79.1M | $36.0M | 20x | as long as short |
| BloFin DRAM-USDT | +0.0130% | 8h | 60.980 | −0.115% | $300K | $26K | 20x | as long as short |
| Binance DRAMUSDT | +0.0168% | 8h | 61.070 | +0.033% | $43.7M | $85.5M | 50x | as long as short |
| Extended DRAM-USD | +0.0168% | 1h | 61.013 | −0.061% | $76K | $191K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0170% | 8h | 61.040 | −0.016% | $8.1M | $5.6M | 100x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 61.060 | +0.016% | $524K | $74K | 20x | as long as short |
| Lighter DRAM | +0.0192% | 1h | 61.058 | +0.013% | $1.1M | $1.2M | 20x | as long as short |
Vest DRAM-USD-PERP
QFEX DRAM-USD
Entropy io:DRAM
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Aster DRAMUSDT
Deribit DRAM_USDC-PERPETUAL
Gate DRAM_USDT
Paradex DRAM-USD-PERP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Variational Omni DRAM
tradeXYZ xyz:DRAM
BloFin DRAM-USDT
Binance DRAMUSDT
Extended DRAM-USD
MEXC DRAM_USDT
Coinbase International DRAM-PERP-INTX
Lighter DRAM