DRAM Funding Rate — perpetuals across 19 venues
TradFi perpetual · compared across 19 venues · net of estimated fees · updated every few minutesDRAM 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 9 and negative on 1, ranging from +10.9% on Pacifica to -12.0% on Arcus — a spread of 23.0%. The widest delta-neutral trade is long Arcus / short Pacifica at 19.8% 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.
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Build a route
any two of the 19 venuesThis is the widest route right now. The number is gross: fees, the entry spread and slippage are not in it, and both legs must be tradeable for you. The scanner carries the same pairs net of costs.
Venues: pick the two legs
sorted by rate · 19 venues| Venue | Funding APR ↓ | Interval | Use as |
|---|---|---|---|
| Pacifica↗short | +10.9% | every 1h | |
| Lighter↗ | +7.9% | every 8h | |
| Ondo Perps | +5.5% | every 1h | |
| Hyperliquid↗ | +5.5% | every 1h | |
| trade.xyz↗ | +5.5% | every 1h | |
| Bitget↗ | +4.7% | every 8h | |
| Vest↗ | +3.4% | every 1h | |
| OKX↗ | +3.4% | every 8h | |
| EntropyIO↗ | +0.5% | every 1h | |
| MEXC↗ | +0.0% | every 8h | |
| Risex↗ | +0.0% | every 1h | |
| Extended↗ | +0.0% | every 1h | |
| Gate.io↗ | +0.0% | every 8h | |
| KuCoin↗ | +0.0% | every 8h | |
| Variational↗ | +0.0% | every 8h | |
| Bybit↗ | +0.0% | every 8h | |
| Aster↗ | +0.0% | every 8h | |
| HTX↗ | +0.0% | every 8h | |
| below — these venues pay the longs: this is the leg you buy | |||
| Arcus↗long | −12.0% | every 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 Arcus vs Pacifica page. 78 pairs scanned for DRAM.
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DRAM — FAQ
Is DRAM funding positive right now?
DRAM perpetual funding is positive on 9 of 19 venues Perpia tracks and negative on 1. The highest is +10.9% on Pacifica; the lowest is -12.0% on Arcus.
What is the best DRAM funding arbitrage right now?
Go long Arcus and short Pacifica for about 19.8% net APR after fees — the widest delta-neutral DRAM spread Perpia currently sees.
Which exchange has the highest DRAM funding rate?
Pacifica, at +10.9% 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
also quoted on both Arcus and PacificaThe same two exchanges you would already have funded for the DRAM trade. Every spread between them is on the Arcus vs Pacifica page.