DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0151%/8h= −16.5% APRnext payment −$0.19 per $10,000 · paid last 24h −0.006%

Price spread now: Entropy against tradeXYZ−0.136%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on tradeXYZ Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.095%+$9 · spread now −0.136%, 7d avg +0.037%

Together, before fees+0.120%+ Points / potential airdroptradeXYZ: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Entropy is 0.173% cheaper against tradeXYZ than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:DRAM	60.410	0.0201	pay 0.0025% / 1h	19m 50s	$78.4M	$35.9M	20x
Short	Entropy io:DRAM	60.328	0.0050	get 0.0006% / 1h	19m 50s	$162K	$504K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy against tradeXYZ. 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 tradeXYZbpFee EntropybpOrdersPrice spread, now −0.136%Rate

Funding earned: −$31.7
Price spread: −0.136% → +0.037%: −$17.32
Slippage, 4 orders: −$13.64
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$98.67
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Entropy: live order book, 25 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 tradeXYZ live order book, 10 min ago	0.50 bp	10.9 bp −$11	12.0 bp −$120	doesn't fit	doesn't fit
Sell Entropy live order book, 25 min ago	1.73 bp	17.9 bp −$18	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	−0.0538%	8h	60.440	+0.050%	$26.4M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.410	0.000%	$193K	$26K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.374	−0.059%	$75K	$248K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.429	+0.031%	$43.7M	$91.5M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.374	−0.060%	$416K	$337K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.420	+0.017%	$7.9M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.410	0.000%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.406	−0.006%	$2.2M	$688K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.230	−0.298%	$36K	$210K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.380	−0.050%	$716	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DRAM-USDT	0.0000%	8h	60.370	−0.066%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.390	−0.033%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0020%	8h	60.440	+0.050%	$5.4M	$6.3M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.380	−0.050%	$47K	$67K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0041%	1h	60.250	−0.264%	$1K	$29K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	60.225	−0.307%	$146K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.340	−0.116%	—	—	10x	as long as short
Entropy io:DRAMshort	+0.0050%	1h	60.328	−0.136%	$162K	$504K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	60.367	−0.071%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.385	−0.041%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.300	−0.182%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.300	−0.182%	$983K	$91K	10x	as long as short
BloFin DRAM-USDT	+0.0060%	8h	60.360	−0.083%	$301K	$26K	20x	as long as short
Bybit DRAMUSDT	+0.0069%	8h	60.450	+0.066%	$9.6M	$10.5M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	60.316	−0.156%	$72K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.320	−0.149%	$2.9M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.250	−0.265%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.360	−0.083%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.354	−0.092%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0128%	8h	60.389	−0.035%	—	—	5x	as long as short
tradeXYZ xyz:DRAMlong	+0.0201%	1h	60.410	long leg	$78.4M	$35.9M	20x
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.100	−0.513%	$527K	$87K	20x	as long as short
Lighter DRAM	+0.0304%	1h	60.440	+0.050%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0413%	1h	60.360	−0.083%	$12K	$3K	20x	as long as short