Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h +0.034%
Price spread now: Entropy against QFEX−0.101%7-day average −0.002% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.076%+$8 on $10k
+Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.101%, 7d avg −0.002%
=Funding pays, the price is against you. Entropy is 0.099% cheaper against QFEX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.002%). If the spread goes back, that is −$10 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.076% in total) that is about 4.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX DRAM-USD | 61.430 | 0.0050 | pay 0.0006% / 1h | 5m 22s | $1.0M | $84K | 10x |
| Short | Entropy io:DRAM | 61.368 | 0.0082 | get 0.0010% / 1h | 5m 22s | $169K | $470K | 25x |
QFEX DRAM-USD
Entropy io:DRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Entropy against QFEX. 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
- $6.85
- Price spread: −0.101% → −0.002%
- −$9.89
- Slippage, 4 orders
- no order book: not counted
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Entropy: 9 bp × 2 orders
- −$18
- Net
- −$31.05
- Costs to cover
- 0.280%
- Break-even
- 38.7 days
Slippage unknown: QFEX: live order book, 29 min ago; Entropy: live order book, 70 min ago. Net counts fees only.
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 QFEX live order book, 29 min ago | 2.46 bp | 7.5 bp −$7 | 8.8 bp −$88 | 15.3 bp −$1,530 | doesn't fit |
| Sell Entropy live order book, 70 min ago | 2.11 bp | 13.5 bp −$13 | doesn't fit | 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 | −0.0478% | 8h | 61.420 | −0.016% | $26.1M | $14.4M | 20x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 61.429 | −0.002% | $425K | $506K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 61.480 | +0.081% | $8.0M | $3.7M | 75x | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 61.462 | +0.052% | $36K | $196K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 61.440 | +0.016% | $847 | $2.6M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 61.310 | −0.195% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 61.420 | −0.016% | $1.7M | $1.3M | 10x | as long as short |
| Bybit DRAMUSDT | +0.0016% | 8h | 61.467 | +0.060% | $9.4M | $10.2M | 100x | as long as short |
| Aftermath Perps DRAMUSD | +0.0028% | 1h | 61.345 | −0.139% | $1K | $31K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 61.380 | −0.081% | $48K | $69K | 10x | as long as short |
Bitget DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Bybit DRAMUSDT
Aftermath Perps DRAMUSD
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 | 61.420 | −0.016% | — | — | 10x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0048% | 8h | 61.440 | +0.016% | $5.5M | $5.7M | 50x | as long as short |
| QFEX DRAM-USDlong | +0.0050% | 1h | 61.430 | long leg | $1.0M | $84K | 10x | |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 61.412 | −0.029% | $255K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.415 | −0.024% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 61.390 | −0.065% | $1.1M | $3.4M | 10x | as long as short |
| Aster DRAMUSDT | +0.0063% | 8h | 61.458 | +0.046% | $198K | $35K | 20x | as long as short |
| edgeX DRAMUSDC | +0.0073% | 4h | 61.428 | −0.003% | $149K | $298K | 20x | as long as short |
| Entropy io:DRAMshort | +0.0082% | 1h | 61.368 | −0.101% | $169K | $470K | 25x | |
| Pacifica DRAM | +0.0100% | 1h | 61.395 | −0.056% | $74K | $49K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 61.410 | −0.033% | $3.0M | $411K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.490 | +0.098% | $21K | $185K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 61.430 | 0.000% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.410 | −0.033% | $4K | — | 10x | as long as short |
| Variational Omni DRAM | +0.0106% | 8h | 61.444 | +0.023% | $2.3M | $669K | — | as long as short |
| Paradex DRAM-USD-PERP | +0.0122% | 8h | 61.426 | −0.007% | — | — | 5x | as long as short |
| tradeXYZ xyz:DRAM | +0.0148% | 1h | 61.424 | −0.010% | $79.6M | $36.1M | 20x | as long as short |
| Binance DRAMUSDT | +0.0168% | 8h | 61.427 | −0.005% | $44.0M | $87.0M | 50x | as long as short |
| Extended DRAM-USD | +0.0168% | 1h | 61.406 | −0.039% | $76K | $188K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0170% | 8h | 61.430 | 0.000% | $8.1M | $5.7M | 100x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 61.110 | −0.521% | $525K | $75K | 20x | as long as short |
| BloFin DRAM-USDT | +0.0191% | 8h | 61.470 | +0.065% | $298K | $26K | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0239% | 1h | 61.420 | −0.016% | $13K | $3K | 20x | as long as short |
| Lighter DRAM | +0.0240% | 1h | 61.432 | +0.003% | $1.1M | $1.2M | 20x | as long as short |
Vest DRAM-USD-PERP
OKX DRAM-USDT-SWAP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Aster DRAMUSDT
edgeX DRAMUSDC
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Variational Omni DRAM
Paradex DRAM-USD-PERP
tradeXYZ xyz:DRAM
Binance DRAMUSDT
Extended DRAM-USD
MEXC DRAM_USDT
Coinbase International DRAM-PERP-INTX
BloFin DRAM-USDT
Deribit DRAM_USDC-PERPETUAL
Lighter DRAM