DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0002%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h −0.048%

Price spread now: QFEX against Entropy+0.144%7-day average 0.000% · 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−$440.441% of the position

Long on Entropy Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.144%, 7d avg 0.000%

Together, before fees−0.173%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.144% dearer against Entropy than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.681	0.0050	pay 0.0006% / 1h	29m 21s	$254K	$504K	25x
Short	QFEX DRAM-USD	61.770	0.0052	get 0.0007% / 1h	29m 21s	$1.0M	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Entropy. 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 EntropybpFee QFEXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0.5
Price spread: +0.144% → 0.000%: $14.43
Slippage, 4 orders: −$16.14
Fee Entropy: 9 bp × 2 orders: −$18
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$29.21
Costs to cover: 0.441%
Break-even: 412.6 days

Slippage from Entropy: live order book, 46 min ago; QFEX: live order book, 1 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 Entropy live order book, 46 min ago	3.01 bp	14.5 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.43 bp	7.4 bp −$7	7.4 bp −$74	11.3 bp −$1,128	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	61.790	+0.177%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.800	+0.193%	$824	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.700	+0.031%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	+0.209%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.709	+0.045%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.700	+0.031%	—	$797	10x	as long as short
Entropy io:DRAMlong	+0.0050%	1h	61.681	long leg	$254K	$504K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.748	+0.109%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.769	+0.143%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.700	+0.031%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USDshort	+0.0052%	1h	61.770	+0.144%	$1.0M	$77K	10x
edgeX DRAMUSDC	+0.0061%	4h	61.737	+0.090%	$153K	$290K	20x	as long as short
Aster DRAMUSDT	+0.0100%	8h	61.740	+0.096%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.693	+0.020%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.740	+0.096%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	+0.015%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	+0.161%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.793	+0.181%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.800	+0.193%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0109%	8h	61.820	+0.225%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0137%	8h	61.740	+0.096%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0163%	8h	61.745	+0.104%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	+0.075%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.164%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0225%	8h	61.840	+0.258%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.780	+0.161%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.789	+0.175%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0233%	8h	61.800	+0.193%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.778	+0.157%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.806	+0.203%	$993K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0324%	1h	61.759	+0.126%	$79.3M	$39.5M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.790	+0.177%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0432%	8h	61.770	+0.144%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	+0.144%	$50K	$92K	10x	as long as short