DRAM funding rates

DRAM perpetual funding across 13 venues. Rates are annualized (APR); positive means longs pay shorts.

· refreshed every 5 min

Best pair · 7d
12.7%long Bybit, short Entropy · net 7.5%
Highest funding now
23.1%Polymarket
Lowest funding now
−11.6%BitgetCEX
Listed on
13 venues

Funding by venue

7d chartFlagsOpen
PolymarketDRAM-USD23.1%16.1%9.2%6.3%8.0%100%1h05:0057.16$322k$145kTradFiPmPolymarket
ExtendedDRAM-USD15.8%0.9%7.4%6.5%8.5%48%1h05:0057.15$190k$646kTradFiExExtended
MEXCCEXDRAM_USDT15.2%0.5%8.2%7.9%9.5%51%8h08:0057.21$13.4M$2.0MTradFiMxMEXC
Entropyio:DRAM13.8%6.3%15.6%14.8%17.2%98%1h—57.13$1.1M$1.1MTradFi
GRVTDRAM_USDT_Perp13.2%2.2%4.2%3.7%4.5%41%8h08:0057.23$65k$174kTradFiGrGRVT
LighterDRAM13.1%7.6%9.0%13.8%9.3%99%1h05:0057.15$971k$763kTradFiLiLighter
VariationalDRAM11.7%0.4%5.0%4.4%5.7%47%8h—57.16$1.3M$1.5MTradFiVaVariational
RWA PerpPERP_DRAM_USDC_mythos10.9%11.0%11.0%9.6%10.9%100%8h08:0057.19$7k$5kTradFiRwRWA Perp
BybitCEXDRAMUSDT10.3%2.0%3.0%5.1%3.1%24%8h08:0057.14$10.1M$2.2MTradFiByBybit
RISExDRAM/USDC2.6%−4.6%9.9%14.6%12.4%34%1h05:0057.21$705k$369kTradFiRxRISEx
AsterDRAMUSDT0.0%0.0%4.1%4.4%4.7%43%8h08:0057.17$211k$66kTradFiAsAster
GateCEXDRAM_USDT0.0%36.5%15.2%8.5%11.7%41%8h08:0057.17$5.1M$2.3MTradFiGtGate
BitgetCEXDRAMUSDT−11.6%−1.7%3.5%4.9%4.3%38%8h08:0057.14$23.2M$4.2MTradFiBgBitget

Sparklines: hourly funding APR over the last 7 days, zero line dashed.

Long/short pairs

Funding spreads, annualized: short-leg rate minus long-leg rate.
Spread APRAfter taker feesQuality
7d trendFlagsOpenCalc
VariationalEntropy2.1%6.0%10.7%8.9%8.3%12.5%3.1dsteady$1.1M8h/1hTradFispread not incl.Vacalc
BybitCEXEntropy3.5%4.3%12.7%8.5%7.5%11.2%5.8dsteady$1.1M8h/1hTradFiBycalc
AsterEntropy13.8%6.3%11.6%10.1%7.1%10.7%5.4dsteady$211k8h/1hTradFiAscalc
GRVTEntropy0.5%4.1%11.4%10.4%6.7%10.1%5.7dsteady$65k8h/1hTradFiGrcalc
BitgetCEXEntropy25.4%8.0%12.2%10.0%6.7%10.1%6.3dsteady$1.1M8h/1hTradFiBgcalc
ExtendedEntropy−2.0%5.4%8.2%6.7%4.6%6.9%6.2dcooling$190kTradFiExcalc
LighterEntropy0.7%−1.3%6.6%0.3%4.3%6.4%5.0dcooling$971kTradFiLicalc
MEXCCEXEntropy−1.4%5.8%7.5%6.3%4.1%6.1%6.4dcooling$1.1M8h/1hTradFiMxcalc
VariationalLighter1.4%7.2%4.1%9.4%4.1%6.1%<0.1dweak$971k8h/1hTradFispread not incl.VaLicalc
VariationalRISEx−9.1%−5.0%5.0%10.3%3.4%5.1%4.4dcooling$705k8h/1hTradFispread not incl.VaRxcalc
BybitCEXLighter2.9%5.6%6.1%8.7%3.2%4.8%6.6dsteady$971k8h/1hTradFiByLicalc
VariationalGateCEX−11.7%36.2%10.3%4.2%6.4%9.5%5.3dspike ×6.1$1.3MTradFispread not incl.VaGtcalc
AsterLighter13.1%7.6%5.0%9.4%2.9%4.3%5.9dweak$211k8h/1hTradFiAsLicalc
BybitCEXGateCEX−10.3%34.5%12.3%3.4%5.5%8.2%7.7dspike ×4.0$5.1MTradFiByGtcalc
AsterGateCEX0.0%36.5%11.2%4.1%5.2%7.8%7.5dspike ×5.3$211kTradFiAsGtcalc
BybitCEXRISEx−7.7%−6.7%7.0%9.6%2.6%3.8%8.9dcooling$705k8h/1hTradFiByRxcalc
GRVTLighter−0.1%5.4%4.8%10.1%2.5%3.7%6.8dweak$65k8h/1hTradFiGrLicalc
BitgetCEXLighter24.7%9.3%5.6%8.9%2.4%3.7%7.9dweak$971k8h/1hTradFiBgLicalc
GRVTGateCEX−13.2%34.3%11.0%4.8%4.8%7.1%8.0dspike ×4.8$65kTradFiGrGtcalc
BitgetCEXGateCEX11.6%38.2%11.8%3.6%4.7%7.1%8.4dspike ×5.2$5.1MTradFiBgGtcalc
AsterRISEx2.6%−4.6%5.9%10.2%2.2%3.4%8.7dcooling$211k8h/1hTradFiAsRxcalc
VariationalMEXCCEX3.5%0.2%3.2%3.5%2.2%3.3%4.5dweak$1.3MTradFispread not incl.VaMxcalc
GRVTRISEx−10.6%−6.8%5.7%11.0%1.8%2.7%9.5dcooling$65k8h/1hTradFiGrRxcalc
BitgetCEXRISEx14.2%−3.0%6.5%9.7%1.8%2.7%10dcooling$705k8h/1hTradFiBgRxcalc
RISExEntropy11.2%11.0%5.7%0.1%1.8%2.7%9.6dweak$705kTradFiRxcalc
BybitCEXMEXCCEX4.9%−1.5%5.2%2.8%1.3%2.0%10dcooling$10.1MTradFiByMxcalc
ExtendedGateCEX−15.8%35.7%7.8%2.0%2.6%3.9%9.3dspike ×11.2$190k1h/8hTradFiExGtcalc
BybitCEXPolymarket12.8%14.0%6.2%1.3%1.3%1.9%11dweak$322k8h/1hTradFiinvite onlyByPmcalc
VariationalExtended4.1%0.5%2.4%2.2%1.1%1.7%7.5dweak$190k8h/1hTradFispread not incl.VaExcalc
VariationalPolymarket11.4%15.7%4.2%2.0%2.1%3.2%6.9dspike ×6.8$322k8h/1hTradFiinvite onlyspread not incl.VaPmcalc
PolymarketEntropy−9.3%−9.7%6.5%7.4%2.0%3.0%9.6dmixed$322kTradFiinvite onlyPmcalc
AsterMEXCCEX15.2%0.5%4.1%3.5%1.0%1.5%11dweak$211kTradFiAsMxcalc
GRVTMEXCCEX2.0%−1.7%4.0%4.2%0.6%0.9%12dweak$65kTradFiGrMxcalc
LighterGateCEX−13.1%28.9%6.2%−5.3%2.3%3.4%8.8dspike ×12.0$971k1h/8hTradFiLiGtcalc
BitgetCEXMEXCCEX26.8%2.2%4.7%3.0%0.5%0.8%12dsteady$13.4MTradFiBgMxcalc
GRVTPolymarket9.9%13.9%5.0%2.7%0.5%0.8%12dweak$65k8h/1hTradFiinvite onlyGrPmcalc
MEXCCEXGateCEX−15.2%36.0%7.0%0.6%2.1%3.1%9.8dspike ×16.3$5.1MTradFiMxGtcalc
AsterPolymarket23.1%16.1%5.1%1.9%1.0%1.4%11dspike ×4.9$211k8h/1hTradFiinvite onlyAsPmcalc
ExtendedLighter−2.6%6.7%1.6%7.3%0.3%0.5%11dweak$190kTradFiExLicalc
BybitCEXExtended5.5%−1.2%4.4%1.4%0.3%0.4%13dcooling$190k8h/1hTradFiByExcalc
BitgetCEXPolymarket34.7%17.7%5.7%1.4%0.5%0.8%13dspike ×4.8$322k8h/1hTradFiinvite onlyBgPmcalc
PolymarketGateCEX−23.1%20.5%6.0%2.2%0.0%0.1%14dspike ×5.6$322k1h/8hTradFiinvite onlyPmGtcalc
AsterExtended15.8%0.9%3.3%2.1%0.0%−0.1%14dweak$190k8h/1hTradFiAsExcalc
MEXCCEXLighter−2.1%7.1%0.8%5.9%−0.2%−0.3%17dweak$971k8h/1hTradFiMxLicalc
ExtendedRISEx−13.1%−5.5%2.5%8.1%−0.3%−0.5%16dweak$190kTradFiExRxcalc
RISExGateCEX−2.6%41.2%5.3%−6.1%−0.2%−0.3%15dspike$705k1h/8hTradFiRxGtcalc
GRVTExtended2.5%−1.3%3.2%2.8%−0.5%−0.7%16dweak$65k8h/1hTradFiGrExcalc
BitgetCEXExtended27.4%2.5%3.9%1.6%−0.5%−0.7%16dweak$190k8h/1hTradFiBgExcalc
MEXCCEXRISEx−12.6%−5.1%1.8%6.7%−0.8%−1.3%21dweak$705k8h/1hTradFiMxRxcalc
BybitCEXVariational1.4%−1.7%2.0%−0.7%−0.9%−1.3%20dweak$1.3MTradFispread not incl.ByVacalc
AsterVariational11.7%0.4%0.9%0.0%−1.2%−1.8%32dweak$211kTradFispread not incl.AsVacalc
LighterRISEx−10.5%−12.2%0.9%0.8%−0.6%−1.0%24dmixed$705kTradFiLiRxcalc
ExtendedMEXCCEX−0.5%−0.4%0.8%1.4%−1.6%−2.3%42dweak$190k1h/8hTradFiExMxcalc
GRVTVariational−1.5%−1.9%0.8%0.7%−1.6%−2.4%43dweak$65kTradFispread not incl.GrVacalc
BitgetCEXVariational23.3%2.0%1.5%−0.5%−1.6%−2.4%29dweak$1.3MTradFispread not incl.BgVacalc
LighterPolymarket10.0%8.5%0.2%−7.5%−1.9%−2.9%182dweak$322kTradFiinvite onlyLiPmcalc
RISExLighter10.5%12.2%−0.9%−0.8%−2.5%−3.7%—weak$705kTradFiRxLicalc
VariationalGRVT1.5%1.9%−0.8%−0.7%−3.1%−4.7%—weak$65kTradFispread not incl.VaGrcalc
MEXCCEXExtended0.5%0.4%−0.8%−1.4%−3.1%−4.7%—weak$190k8h/1hTradFiMxExcalc
ExtendedPolymarket7.3%15.2%1.8%−0.2%−1.6%−2.4%27dspike$190kTradFiinvite onlyExPmcalc
LighterMEXCCEX2.1%−7.1%−0.8%−5.9%−1.9%−2.8%—mixed$971k1h/8hTradFiLiMxcalc
BybitCEXAster−10.3%−2.0%1.1%−0.7%−3.9%−5.8%63dweak$211kTradFiByAscalc
BybitCEXGRVT3.0%0.2%1.3%−1.4%−4.0%−5.9%58dweak$65kTradFiByGrcalc
MEXCCEXPolymarket7.9%15.6%1.0%−1.6%−2.1%−3.2%44dspike$322k8h/1hTradFiinvite onlyMxPmcalc
AsterGRVT13.2%2.2%0.1%−0.7%−4.3%−6.4%415dweak$65kTradFiAsGrcalc
RISExMEXCCEX12.6%5.1%−1.8%−6.7%−4.4%−6.6%—weak$705k1h/8hTradFiRxMxcalc
BitgetCEXAster11.6%1.7%0.6%−0.5%−4.6%−6.9%122dweak$211kTradFiBgAscalc
BitgetCEXGRVT24.9%3.9%0.7%−1.2%−4.7%−7.1%103dweak$65kTradFiBgGrcalc
RISExExtended13.1%5.5%−2.5%−8.1%−5.4%−8.1%—weak$190kTradFiRxExcalc
BybitCEXBitgetCEX−21.9%−3.7%0.5%−0.2%−5.5%−8.2%166dweak$10.1MTradFiByBgcalc
PolymarketRISEx−20.5%−20.7%0.8%8.3%−2.9%−4.3%67dmixed$322kTradFiinvite onlyPmRxcalc
GateCEXEntropy13.8%−30.2%0.4%5.0%−5.8%−8.8%212dcooling$1.1M8h/1hTradFiGtcalc
LighterExtended2.6%−6.7%−1.6%−7.3%−2.9%−4.4%—mixed$190kTradFiLiExcalc
AsterBybitCEX10.3%2.0%−1.1%0.7%−6.1%−9.1%—weak$211kTradFiAsBycalc
BitgetCEXBybitCEX21.9%3.7%−0.5%0.2%−6.5%−9.8%—weak$10.1MTradFiBgBycalc
RISExVariational9.1%5.0%−5.0%−10.3%−6.5%−9.8%—weak$705k1h/8hTradFispread not incl.RxVacalc
RISExPolymarket20.5%20.7%−0.8%−8.3%−4.4%−6.6%—spike$322kTradFiinvite onlyRxPmcalc
RISExGRVT10.6%6.8%−5.7%−11.0%−9.6%−14.5%—weak$65k1h/8hTradFiRxGrcalc
GateCEXLighter13.1%−28.9%−6.2%5.3%−10.1%−15.2%—weak$971k8h/1hTradFiGtLicalc
GateCEXRISEx2.6%−41.2%−5.3%6.1%−10.8%−16.1%—weak$705k8h/1hTradFiGtRxcalc
RISExBybitCEX7.7%6.7%−7.0%−9.6%−11.4%−17.1%—weak$705k1h/8hTradFiRxBycalc
GateCEXMEXCCEX15.2%−36.0%−7.0%−0.6%−12.0%−18.0%—weak$5.1MTradFiGtMxcalc
GateCEXPolymarket23.1%−20.5%−6.0%−2.2%−12.0%−18.1%—weak$322k8h/1hTradFiinvite onlyGtPmcalc
GateCEXExtended15.8%−35.7%−7.8%−2.0%−13.0%−19.6%—weak$190k8h/1hTradFiGtExcalc
GateCEXVariational11.7%−36.2%−10.3%−4.2%−14.2%−21.3%—weak$1.3MTradFispread not incl.GtVacalc
LighterGRVT0.1%−5.4%−4.8%−10.1%−7.2%−10.7%—mixed$65k1h/8hTradFiLiGrcalc
GateCEXGRVT13.2%−34.3%−11.0%−4.8%−17.3%−25.9%—weak$65kTradFiGtGrcalc
EntropyMEXCCEX1.4%−5.8%−7.5%−6.3%−10.8%−16.3%—mixed$1.1M1h/8hTradFiMxcalc
EntropyPolymarket9.3%9.7%−6.5%−7.4%−10.9%−16.3%—mixed$322kTradFiinvite onlyPmcalc
EntropyExtended2.0%−5.4%−8.2%−6.7%−11.9%−17.8%—mixed$190kTradFiExcalc
GateCEXBybitCEX10.3%−34.5%−12.3%−3.4%−19.0%−28.6%—mixed$5.1MTradFiGtBycalc
What the columns and badges mean
now
Current funding spread APR: short-leg rate minus long-leg rate, annualized.
24h
Average spread APR over the last 24 hours, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d
Average spread APR over the last 7 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet). Used for ranking and net APR.
30d
Average spread APR over the last 30 days, on hours when both venues have data (settled funding, plus predicted rates for hours not settled yet).
7d trend
Spread APR over the last 7 days in 6-hour averages; the dashed line is zero.
Net APR
7d spread APR minus taker fees to open and close both legs, spread over the holding period: net = spread7d − fees × 365 / days. Per unit of notional per leg.
On capital
Net APR on the capital posted for both legs at this leverage: net × leverage / 2.
Breakeven
Days of 7d-average funding needed to pay back open+close taker fees.
Min OI
Smaller open interest of the two legs, USD.
steady
Steady: prior-week spread at least 5% APR, last 24h positive and no spike, positive now. Not negative in X% of hours over 7 days.
spike
The last 24h spread is far above the prior 6-day average (more than 3×, or above 15% APR after a weak prior) — it may not last.
mixed
The spread was negative too often: not negative in only X% of hours over 7 days.
new
Less than 4 days of shared history in the prior week: stability cannot be judged yet.
weak
Prior-week spread under 5% APR: too small to call steady.
cooling
The prior week was solid, but the last 24h or the current spread is not positive.
≠ asset?
Mark prices differ by N bps — these may be different assets under one ticker, or contracts of a different size (e.g. per 1,000 coins). Verify before trading.
stale
At least one leg has not updated for over 30 minutes.
low OI
Open interest under $50k on at least one leg — size carefully.
8h/1h
Funding intervals differ (8h vs 1h): payments are not simultaneous.
TradFi
Tokenized stock, index or commodity: trading sessions and oracle rules may differ.
invite only
Invite-only venue: an account needs an invite code, so it is not selected by default. Tick it in the venue filter to include it.
spread not incl.
A leg trades on quotes with no fee (Variational): the cost is the market maker's quote spread, which we cannot see, so the net APR is before it. Compare the quote with the mark price before you trade.
CEX
Centralized exchange: trading needs an account with identity verification (KYC).

Prices now

Buy on the row's venue at its ask, sell on the column's venue at its bid; spread before fees.

Indicative · marks from 2026-10-12 04:46 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

DRAM · TradFi

Indicative (mark or mid prices): buy on Entropy at 57.132, sell on GRVT at 57.23: 0.171% before fees, — after taker fees.

DRAM: spread buying on the row's venue and selling on the column's venue
Buy ↓ · Sell →GRVT57.23MEXC57.21RISEx57.209RWA Perp57.19Gate57.17Aster57.1655Variational57.1613Polymarket57.158Extended57.1472Lighter57.147Bitget57.14Bybit57.14Entropy57.132
Entropy57.1320.171%0.136%0.135%0.101%0.066%0.059%0.051%0.045%0.027%0.026%0.014%0.014%—
Bitget57.140.157%0.122%0.121%0.087%0.052%0.045%0.037%0.031%0.013%0.012%—0.000%−0.014%
Bybit57.140.157%0.122%0.121%0.087%0.052%0.045%0.037%0.031%0.013%0.012%0.000%—−0.014%
Lighter57.1470.145%0.110%0.108%0.075%0.040%0.032%0.025%0.019%0.000%—−0.012%−0.012%−0.026%
Extended57.14720.145%0.110%0.108%0.075%0.040%0.032%0.025%0.019%—0.000%−0.013%−0.013%−0.027%
Polymarket57.1580.126%0.091%0.089%0.056%0.021%0.013%0.006%—−0.019%−0.019%−0.031%−0.031%−0.045%
Variational57.16130.120%0.085%0.084%0.050%0.015%0.007%—−0.006%−0.025%−0.025%−0.037%−0.037%−0.051%
Aster57.16550.113%0.078%0.076%0.043%0.008%—−0.007%−0.013%−0.032%−0.032%−0.045%−0.045%−0.059%
Gate57.170.105%0.070%0.068%0.035%—−0.008%−0.015%−0.021%−0.040%−0.040%−0.052%−0.052%−0.066%
RWA Perp57.190.070%0.035%0.033%—−0.035%−0.043%−0.050%−0.056%−0.075%−0.075%−0.087%−0.087%−0.101%
RISEx57.2090.037%0.002%—−0.033%−0.068%−0.076%−0.084%−0.089%−0.108%−0.108%−0.121%−0.121%−0.135%
MEXC57.210.035%—−0.002%−0.035%−0.070%−0.078%−0.085%−0.091%−0.110%−0.110%−0.122%−0.122%−0.136%
GRVT57.23—−0.035%−0.037%−0.070%−0.105%−0.113%−0.120%−0.126%−0.145%−0.145%−0.157%−0.157%−0.171%
All quotes (13)
VenueBidAskQualityAgeVol 24hFlags
Aster57.165557.1655mark7m$66kno FX
BitgetCEX57.1457.14mark7m$4.2Mno FX
BybitCEX57.1457.14mark7m$2.2Mno FX
Entropy57.13257.132mark7m$1.1M
Extended57.147257.1472mark7m$646k
GateCEX57.1757.17mark7m$2.3Mno FX
GRVT57.2357.23mark7m$174kno FX
Lighter57.14757.147mark7m$763k
MEXCCEX57.2157.21mark7m$2.0Mno FX
Polymarket57.15857.158mark7m$145k
RISEx57.20957.209mark7m$369k
RWA Perp57.1957.19mark7m$5k
Variational57.161357.1613mark7m$1.5M

All spreads → · Hatched cells use a mark or mid price, a flagged venue or one outside the default selection.

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