DRAM Funding Rate — perpetuals across 19 venues
TradFi perpetual · compared across 19 venues · net of estimated fees · updated every few minutes
DRAM is an equity-linked perpetual referencing DRAM, traded on-chain (not a tokenized xStock). Perpia compares its annualized funding across venues and the best delta-neutral spread.
Live annualized DRAM perpetual funding across all 19 venues Perpia tracks. Right now DRAM funding is positive on 15 and negative on 0, ranging from +95.3% on Arcus to +0.0% on Ostium — a spread of 95.3%. The widest delta-neutral trade is long Risex / short Arcus at 93.2% net APR.
DRAM funding trend & liquidity
168h of historyAverages are historical funding over the window shown. A current rate near the 7-day average may indicate the spread has persisted; a rate far above it is usually a short-lived spike. OI and volume are the smaller (binding) leg of the best pair — the ceiling on tradeable size.
DRAM funding rate by venue
118 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Arcus↗ | +95.3% | 1h |
| Bitget↗ | +21.6% | 8h |
| OKX↗ | +20.7% | 8h |
| MEXC↗ | +13.7% | 8h |
| Extended↗ | +13.1% | 1h |
| Paradex↗ | +11.3% | 8h |
| KuCoin↗ | +10.9% | 8h |
| Pacifica↗ | +10.9% | 1h |
| Variational↗ | +9.5% | 8h |
| Lighter↗ | +8.8% | 8h |
| Bybit↗ | +8.3% | 8h |
| Ondo Perps | +5.5% | 1h |
| Hyperliquid↗ | +5.5% | 1h |
| Sodex↗ | +5.5% | 1h |
| trade.xyz↗ | +5.5% | 1h |
| Risex↗ | +0.0% | 1h |
| Aster↗ | +0.0% | 8h |
| Gate.io↗ | +0.0% | 8h |
| Ostium↗ | +0.0% | 1h |
Rates annualized; updated ~every few minutes from live venue data. Venue names link to that exchange's full funding table; ↗ opens the market on the exchange itself. Every spread between these two venues is on the Risex vs Arcus page.
Loading DRAM backtest…
DRAM funding — FAQ
Is DRAM funding positive right now?
DRAM perpetual funding is positive on 15 of 19 venues Perpia tracks. The highest is +95.3% on Arcus; the lowest is +0.0% on Ostium.
What is the best DRAM funding arbitrage right now?
Go long Risex and short Arcus for about 93.2% net APR after fees — the widest delta-neutral DRAM spread Perpia currently sees.
Which exchange has the highest DRAM funding rate?
Arcus, at +95.3% annualized. Funding shifts continuously, so check the live table above before trading.
How DRAM funding arbitrage works
Funding arbitrage combines opposing positions on two venues — long the one paying the most negative funding, short the one paying the most positive — to reduce directional exposure and capture the difference between their funding payments. Fees, slippage, basis divergence and liquidation risk can reduce the result. See the methodology for how it is measured and the guide for the full walkthrough.
Markets related to DRAM
Markets also quoted on both Arcus and Risex — the same two exchanges you would already have funded for the DRAM trade.
See every spread between them on the Arcus vs Risex page.