DRAM Funding Rate — live across 14 venues
25 DEX + 8 CEX · net of fees · updated continuously
Live annualized DRAM perpetual funding across all 14 venues Perpia tracks. Right now DRAM funding is positive on 3 and negative on 4, ranging from +10.9% on Gate.io to -30.2% on KuCoin — a spread of 41.2%. The widest delta-neutral trade is long KuCoin / short Gate.io at 38.2% net APR.
DRAM funding rate by venue
59 pairs scanned| Venue | Funding APR | Interval |
|---|---|---|
| Gate.io | +10.9% | 8h |
| Sodex | +5.5% | 1h |
| Lighter | +3.5% | 8h |
| Variational | +0.0% | 8h |
| MEXC | +0.0% | 8h |
| OKX | +0.0% | 8h |
| Bybit | +0.0% | 8h |
| Bitget | +0.0% | 8h |
| Aster | +0.0% | 8h |
| Ostium | +0.0% | 1h |
| Vest | -2.2% | 1h |
| Hyperliquid | -24.1% | 1h |
| trade.xyz | -24.2% | 1h |
| KuCoin | -30.2% | 8h |
Rates annualized; updated ~every few minutes from live venue data.
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DRAM funding — FAQ
Is DRAM funding positive right now?
DRAM perpetual funding is positive on 3 of 14 venues Perpia tracks and negative on 4. The highest is +10.9% on Gate.io; the lowest is -30.2% on KuCoin.
What is the best DRAM funding arbitrage right now?
Go long KuCoin and short Gate.io for about 38.2% net APR after fees — the widest delta-neutral DRAM spread Perpia currently sees.
Which exchange has the highest DRAM funding rate?
Gate.io, at +10.9% annualized. Funding shifts continuously, so check the live table above before trading.
How DRAM funding arbitrage works
Funding-rate arbitrage is delta-neutral: you go long the venue paying the most negative funding and short the one paying the most positive, so price moves cancel and you collect the spread. The catch is liquidity — a huge APR on a thin book caps at a few thousand dollars and often flips within hours. Perpia shows the max size after slippage and tracks whether a spread holds, so you filter instead of chasing the number.