Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0006%/8h= −0.6% APRpaid last 24h −0.006%

Price spread now: QFEX against edgeX+0.004%7-day average +0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.004%, 7d avg +0.005%

Together, before fees−0.037%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	61.127	0.0045	pay 0.0023% / 4h	1h 31m	$148K	$299K	20x
Short	QFEX DRAM-USD	61.130	0.0039	get 0.0005% / 1h	31m 29s	$995K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. 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 edgeXbpFee QFEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$1.23
Price spread: +0.004% → +0.005%: −$0.04
Slippage, 4 orders: −$10.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$30.9
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from edgeX: live order book, 11 min ago; QFEX: live order book, 24 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 edgeX live order book, 11 min ago	2.45 bp	7.3 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell QFEX live order book, 24 min ago	2.45 bp	7.4 bp −$7	7.4 bp −$74	13.6 bp −$1,364	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	−0.0577%	8h	61.160	+0.054%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.141	+0.022%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.146	+0.031%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.122	−0.009%	$423K	$358K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.150	+0.037%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.152	+0.040%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.110	−0.028%	$700	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.060	−0.110%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.100	−0.045%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0014%	8h	61.140	+0.021%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0029%	1h	61.115	−0.020%	$1K	$30K	5x	as long as short
QFEX DRAM-USDshort	+0.0039%	1h	61.130	+0.004%	$995K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.080	−0.077%	$48K	$68K	10x	as long as short
edgeX DRAMUSDClong	+0.0045%	4h	61.127	long leg	$148K	$299K	20x
Vest DRAM-USD-PERP	+0.0046%	1h	61.110	−0.028%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.071	−0.092%	$168K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.104	−0.038%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.095	−0.053%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.070	−0.094%	$1.0M	$3.5M	10x	as long as short
Variational Omni DRAM	+0.0055%	8h	61.064	−0.103%	$2.3M	$682K	—	as long as short
BloFin DRAM-USDT	+0.0069%	8h	61.090	−0.061%	$299K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0077%	1h	61.110	−0.028%	$79.1M	$35.9M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	61.080	−0.077%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0092%	8h	61.091	−0.059%	—	—	5x	as long as short
Binance DRAMUSDT	+0.0094%	8h	61.139	+0.019%	$43.7M	$87.6M	50x	as long as short
MEXC DRAM_USDT	+0.0095%	8h	61.130	+0.004%	$8.0M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0096%	1h	61.115	−0.020%	$74K	$189K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.118	−0.015%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.100	−0.045%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.130	+0.004%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.090	−0.061%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.085	−0.070%	$4K	—	10x	as long as short
Lighter DRAM	+0.0160%	1h	61.113	−0.023%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.028%	$525K	$75K	20x	as long as short