Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.026%

Price spread now: QFEX against Aster−0.081%53s7-day average +0.003% · 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−$390.393% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now −0.081%, 7d avg +0.003%

Together, before fees+0.054%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.084% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 53 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	Aster DRAMUSDT	61.740	0.0098	pay 0.0098% / 8h	1h 34m	$198K	$36K	20x
Short	QFEX DRAM-USD	61.690	0.0052	get 0.0007% / 1h	34m 37s	$1.0M	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: −$9.65
Price spread: −0.081% → +0.003%: −$8.42
Slippage, 4 orders: −$21.26
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$57.33
Costs to cover: 0.393%
Break-even: never at this rate

Slippage from Aster: live order book, 47 min ago; QFEX: live order book, just now.

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 Aster live order book, 47 min ago	4.06 bp	14.8 bp −$15	33.9 bp −$339	doesn't fit	doesn't fit
Sell QFEX live order book, just now	2.43 bp	7.4 bp −$7	7.4 bp −$74	12.1 bp −$1,211	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
Gate DRAM_USDT	0.0000%	8h	61.740	0.000%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	−0.049%	$817	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	−0.081%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	−0.032%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	61.738	−0.003%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.712	−0.045%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.600	−0.227%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.676	−0.104%	$254K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.687	−0.086%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.721	−0.031%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.670	−0.113%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USDshort	+0.0052%	1h	61.690	−0.081%	$1.0M	$77K	10x
Aster DRAMUSDTlong	+0.0098%	8h	61.740	long leg	$198K	$36K	20x
Pacifica DRAM	+0.0100%	1h	61.731	−0.014%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.730	−0.016%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.081%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.710	−0.049%	$8K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0104%	8h	61.720	−0.032%	$5.4M	$4.6M	50x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.717	−0.037%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0105%	8h	61.730	−0.016%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0141%	8h	61.749	+0.015%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.708	−0.052%	—	—	5x	as long as short
Variational Omni DRAM	+0.0186%	8h	61.708	−0.052%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.259%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0211%	8h	61.770	+0.049%	$9.3M	$10.3M	100x	as long as short
Binance DRAMUSDT	+0.0231%	8h	61.728	−0.020%	$43.8M	$82.6M	50x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.720	−0.032%	$11.1M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.718	−0.035%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.735	−0.008%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0328%	1h	61.729	−0.018%	$991K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0331%	1h	61.709	−0.050%	$79.3M	$39.5M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.710	−0.049%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0412%	8h	61.720	−0.032%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	−0.049%	$50K	$92K	10x	as long as short