Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0278%/8h= −30.4% APRpaid last 24h −0.055%

Price spread now: QFEX against Binance−0.012%7-day average −0.050% · 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−$23as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on Binance Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.086%−$9 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.012%, 7d avg −0.050%

Together, before fees−0.098%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.038% dearer against Binance than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.050%): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 4 days (−0.086% in total) that is about 38 hours.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.086% in total (about -8.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	62.157	0.0314	pay 0.0314% / 8h	3h 51m	$44.6M	$80.2M	50x
Short	QFEX DRAM-USD	62.150	0.0036	get 0.0005% / 1h	51m 36s	$1.0M	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Binance. 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 BinancebpFee QFEXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$58.3
Price spread: −0.012% → −0.050%: $3.78
Slippage, 4 orders: −$6.43
Fee Binance: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$80.95
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; QFEX: live order book, 3 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 Binance live order book, 6 min ago	0.80 bp	5.8 bp −$6	8.3 bp −$83	31.4 bp −$3,145	doesn't fit
Sell QFEX live order book, 3 min ago	2.41 bp	7.4 bp −$7	7.4 bp −$74	12.6 bp −$1,257	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
RISEx DRAM/USDC	0.0000%	1h	62.155	−0.003%	$438K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.170	+0.020%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.199	+0.068%	$37K	$179K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.170	+0.020%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.190	+0.053%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.150	−0.012%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.182	+0.040%	$1K	$32K	5x	as long as short
QFEX DRAM-USDshort	+0.0036%	1h	62.150	−0.012%	$1.0M	$78K	10x
Arcus DRAM-USD	+0.0040%	1h	62.170	+0.020%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.130	−0.044%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.144	−0.021%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.153	−0.007%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	+0.036%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0055%	1h	62.165	+0.012%	$160K	$451K	25x	as long as short
OKX DRAM-USDT-SWAP	+0.0073%	8h	62.200	+0.069%	$5.4M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0077%	8h	62.159	+0.003%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.186	+0.045%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.180	+0.037%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.140	−0.028%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.230	+0.117%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.170	+0.020%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.169	+0.019%	$1.0M	$1.1M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.163	+0.008%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	−0.076%	$533K	$75K	20x	as long as short
Bybit DRAMUSDT	+0.0112%	8h	62.203	+0.073%	$9.7M	$9.7M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0142%	1h	62.154	−0.005%	$81.4M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0198%	8h	62.175	+0.029%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.150	−0.012%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	62.194	+0.059%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0298%	8h	62.180	+0.036%	$301K	$26K	20x	as long as short
Binance DRAMUSDTlong	+0.0314%	8h	62.157	long leg	$44.6M	$80.2M	50x
MEXC DRAM_USDT	+0.0317%	8h	62.160	+0.004%	$8.2M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0320%	1h	62.143	−0.024%	$76K	$622K	10x	as long as short
Gate DRAM_USDT	+0.0589%	8h	62.200	+0.069%	$8.1M	$3.5M	75x	as long as short