DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0061%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.014%

Price spread now: QFEX against ApeX Omni−0.082%56s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1001.001% of the position

Long on ApeX Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.082%, 7d avg −0.019%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and QFEX is 0.063% cheaper against ApeX Omni than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.019%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni DRAMUSDT	61.080	0.0100	pay 0.0013% / 1h	5m 53s	$21K	$185K	50x
Short	QFEX DRAM-USD	61.030	0.0039	get 0.0005% / 1h	5m 53s	$994K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee QFEXbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$12.73
Price spread: −0.082% → −0.019%: −$6.31
Slippage, 4 orders: −$80.14
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$119.18
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 35 min ago; QFEX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy ApeX Omni live order book, 35 min ago	26.98 bp	40.6 bp −$41	220.2 bp −$2,202	doesn't fit	doesn't fit
Sell QFEX live order book, 14 min ago	2.45 bp	7.5 bp −$7	7.5 bp −$75	13.3 bp −$1,327	doesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget DRAMUSDT	−0.0638%	8h	61.080	0.000%	$26.1M	$14.8M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.036	−0.072%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.077	−0.005%	$9.4M	$10.2M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.070	−0.016%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.028	−0.086%	$423K	$348K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.080	0.000%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.074	−0.010%	$2.3M	$683K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.070	−0.016%	$36K	$204K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.040	−0.065%	$537	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.990	−0.147%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDT	0.0000%	8h	61.080	0.000%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	0.0000%	4h	61.051	−0.048%	$148K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.032	−0.078%	$1K	$30K	5x	as long as short
QFEX DRAM-USDshort	+0.0039%	1h	61.030	−0.082%	$994K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.030	−0.082%	$48K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.030	−0.082%	—	—	10x	as long as short
Extended DRAM-USD	+0.0048%	1h	61.043	−0.061%	$74K	$187K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.019	−0.100%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.015	−0.106%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.051	−0.047%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.020	−0.098%	$1.1M	$3.5M	10x	as long as short
Binance DRAMUSDT	+0.0051%	8h	61.038	−0.069%	$43.7M	$87.8M	50x	as long as short
MEXC DRAM_USDT	+0.0052%	8h	61.050	−0.049%	$7.7M	$5.8M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	61.030	−0.082%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	61.041	−0.063%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.052	−0.046%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.030	−0.082%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDTlong	+0.0100%	1h	61.080	long leg	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.050	−0.049%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0100%	1h	61.042	−0.062%	$79.0M	$35.7M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.036	−0.071%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.080	0.000%	$299K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.049%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0224%	1h	61.067	−0.021%	$1.1M	$1.2M	20x	as long as short