Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.033%

Price spread now: QFEX against Bybit−0.048%7-day average −0.061% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.057%−$6 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.048%, 7d avg −0.061%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	62.190	0.0111	pay 0.0111% / 8h	3h 52m	$9.7M	$9.7M	100x
Short	QFEX DRAM-USD	62.160	0.0036	get 0.0005% / 1h	52m 14s	$1.0M	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$15.68
Price spread: −0.048% → −0.061%: $1.25
Slippage, 4 orders: −$8.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$44.3
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.80 bp	7.4 bp −$7	15.0 bp −$150	124.5 bp −$12.4K	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	62.170	−0.032%	$438K	$502K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.160	−0.048%	$26.1M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.241	+0.082%	$36K	$178K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.170	−0.032%	$1K	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.190	0.000%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.150	−0.064%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0011%	4h	62.186	−0.006%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.182	−0.012%	$1K	$32K	5x	as long as short
QFEX DRAM-USDshort	+0.0036%	1h	62.160	−0.048%	$1.0M	$78K	10x
Arcus DRAM-USD	+0.0040%	1h	62.180	−0.016%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	62.140	−0.080%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.144	−0.074%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.153	−0.059%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.180	−0.016%	$1.1M	$2.3M	10x	as long as short
Entropy io:DRAM	+0.0052%	1h	62.184	−0.010%	$160K	$451K	25x	as long as short
OKX DRAM-USDT-SWAP	+0.0074%	8h	62.140	−0.080%	$5.4M	$4.5M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0078%	8h	62.154	−0.058%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.179	−0.017%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.130	−0.096%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.260	+0.113%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.170	−0.032%	$9K	—	10x	as long as short
Lighter DRAM	+0.0104%	1h	62.158	−0.051%	$1.0M	$1.1M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.163	−0.044%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	−0.129%	$533K	$75K	20x	as long as short
Bybit DRAMUSDTlong	+0.0111%	8h	62.190	long leg	$9.7M	$9.7M	100x
tradeXYZ xyz:DRAM	+0.0147%	1h	62.146	−0.071%	$81.4M	$35.4M	20x	as long as short
Aster DRAMUSDT	+0.0202%	8h	62.161	−0.046%	$200K	$35K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.150	−0.064%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0276%	8h	62.194	+0.007%	$2.4M	$748K	—	as long as short
BloFin DRAM-USDT	+0.0298%	8h	62.180	−0.016%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0317%	8h	62.156	−0.055%	$44.6M	$80.2M	50x	as long as short
Extended DRAM-USD	+0.0320%	1h	62.140	−0.080%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0320%	8h	62.150	−0.064%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0591%	8h	62.190	0.000%	$8.1M	$3.5M	75x	as long as short