Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.003%

Price spread now: QFEX against Bitget−0.032%7-day average −0.056% · 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−$27as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Bitget Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days−0.064%−$6 · spread now −0.032%, 7d avg −0.056%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.023% dearer against Bitget than usual: you sell high and buy low (spread −0.032% now, against its 7-day average of −0.056%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget DRAMUSDT	61.710	0.0104	pay 0.0104% / 8h	1h 35m	$26.0M	$12.5M	20x
Short	QFEX DRAM-USD	61.690	0.0052	get 0.0007% / 1h	35m 30s	$1.0M	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$10.84
Price spread: −0.032% → −0.056%: $2.33
Slippage, 4 orders: −$7.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$37.84
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 5 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 Bitget live order book, 3 min ago	0.81 bp	7.3 bp −$7	14.1 bp −$141	22.3 bp −$2,226	60.5 bp −$30.2K
Sell QFEX live order book, 5 min ago	1.62 bp	6.6 bp −$7	6.6 bp −$66	11.3 bp −$1,134	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	61.720	+0.016%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.720	+0.016%	$817	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.690	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.710	0.000%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.712	+0.003%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	61.738	+0.045%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.600	−0.178%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.679	−0.050%	$254K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.687	−0.037%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.705	−0.008%	$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	−0.065%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USDshort	+0.0052%	1h	61.690	−0.032%	$1.0M	$77K	10x
Aster DRAMUSDT	+0.0099%	8h	61.740	+0.049%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.718	+0.013%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.730	+0.032%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.710	0.000%	$8K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0104%	8h	61.720	+0.016%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDTlong	+0.0104%	8h	61.710	long leg	$26.0M	$12.5M	20x
Aevo DRAM-PERP	+0.0104%	1h	61.718	+0.013%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0141%	8h	61.749	+0.064%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.701	−0.015%	—	—	5x	as long as short
Variational Omni DRAM	+0.0180%	8h	61.728	+0.029%	$2.4M	$949K	—	as long as short
Bybit DRAMUSDT	+0.0208%	8h	61.760	+0.081%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.211%	$510K	$44K	20x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.700	−0.016%	$11.1M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0232%	8h	61.707	−0.005%	$43.7M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.696	−0.022%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.718	+0.014%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0328%	1h	61.716	+0.010%	$991K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0331%	1h	61.696	−0.023%	$79.3M	$39.5M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.700	−0.016%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0408%	8h	61.750	+0.065%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.700	−0.016%	$50K	$92K	10x	as long as short