DRAM funding rate explained
Right now Roundhill Memory ETF (Backpack Securities) (DRAM) perpetual futures trade on 9 exchanges we track. The highest funding is on Bybit at +0.008% per day, the lowest on HTX at 0.000%. The average across all venues is +0.001% per day, or about +0.3% a year. Positive funding means DRAM longs are paying shorts — the market is leaning long.
The gap between the highest and lowest venue is +0.008% per day. A delta-neutral position that shorts DRAM on Bybit and goes long on HTX would collect that difference at each settlement, before trading fees and the price spread between the two contracts. Check the live DRAM arbitrage board for the price side of the trade.
Settlement intervals differ: DRAM funding is paid every 8 hours depending on the exchange, so every rate on this page is also shown normalised to 24 hours and as an APR.
Related: DRAM arbitrage · Roundhill Memory ETF (Backpack Securities) price · funding rates for all coins.