Funding you earn now, next payment 04:00 UTC−0.0570%/8h= −62.4% APRpaid last 24h −0.050%
Price spread now: QFEX against Gate−0.080%7-day average −0.055% · 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−$58as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 4 days (all we have)+0.094%+$9 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.080%, 7d avg −0.055%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and QFEX is 0.026% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.055%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.094%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.094% in total (about 9.6% 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 | Gate DRAM_USDT | 62.220 | 0.0606 | pay 0.0606% / 8h | 3h 56m | $8.1M | $3.5M | 75x |
| Short | QFEX DRAM-USD | 62.170 | 0.0036 | get 0.0005% / 1h | 56m 41s | $1.0M | $78K | 10x |
Gate DRAM_USDT
QFEX DRAM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$119.68
- Price spread: −0.080% → −0.055%
- −$2.58
- Slippage, 4 orders
- −$30.41
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$177.67
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago | 1.61 bp | 16.5 bp −$17 | 25.2 bp −$252 | 82.4 bp −$8,237 | doesn't fit |
| Sell QFEX live order book, 3 min ago | 2.41 bp | 7.4 bp −$7 | 8.7 bp −$87 | 14.4 bp −$1,436 | 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 | 62.191 | −0.046% | $438K | $502K | 20x | as long as short |
| Bitget DRAMUSDT | 0.0000% | 8h | 62.190 | −0.048% | $26.1M | $13.4M | 20x | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 62.256 | +0.057% | $37K | $177K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 62.230 | +0.016% | $744 | $2.6M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.240 | +0.032% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.220 | 0.000% | $1.7M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0020% | 1h | 62.245 | +0.040% | $1K | $32K | 5x | as long as short |
| QFEX DRAM-USDshort | +0.0036% | 1h | 62.170 | −0.080% | $1.0M | $78K | 10x | |
| Arcus DRAM-USD | +0.0040% | 1h | 62.210 | −0.016% | $48K | $77K | 10x | as long as short |
| edgeX DRAMUSDC | +0.0043% | 4h | 62.225 | +0.008% | $151K | $296K | 20x | as long as short |
RISEx DRAM/USDC
Bitget DRAMUSDT
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
edgeX DRAMUSDCShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.190 | −0.048% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.191 | −0.047% | $266K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.217 | −0.005% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.140 | −0.129% | $1.1M | $2.3M | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0077% | 8h | 62.185 | −0.056% | — | — | 5x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0078% | 8h | 62.210 | −0.016% | $5.5M | $4.5M | 50x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.198 | −0.035% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.190 | −0.048% | $3.0M | $394K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.280 | +0.096% | $22K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.240 | +0.032% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.228 | +0.013% | $4K | — | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0104% | 1h | 62.330 | +0.177% | $535K | $75K | 20x | as long as short |
| Entropy io:DRAM | +0.0108% | 1h | 62.219 | −0.002% | $173K | $447K | 25x | as long as short |
| Bybit DRAMUSDT | +0.0111% | 8h | 62.220 | 0.000% | $9.7M | $9.7M | 100x | as long as short |
| Lighter DRAM | +0.0144% | 1h | 62.181 | −0.063% | $1.0M | $1.1M | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0158% | 1h | 62.163 | −0.092% | $81.4M | $35.5M | 20x | as long as short |
| Aster DRAMUSDT | +0.0211% | 8h | 62.231 | +0.018% | $200K | $35K | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0232% | 1h | 62.210 | −0.016% | $13K | $3K | 20x | as long as short |
| Variational Omni DRAM | +0.0290% | 8h | 62.284 | +0.103% | $2.4M | $747K | — | as long as short |
| BloFin DRAM-USDT | +0.0318% | 8h | 62.270 | +0.080% | $302K | $26K | 20x | as long as short |
| Extended DRAM-USD | +0.0328% | 1h | 62.175 | −0.072% | $76K | $622K | 10x | as long as short |
| Binance DRAMUSDT | +0.0328% | 8h | 62.193 | −0.044% | $44.6M | $80.1M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0330% | 8h | 62.180 | −0.064% | $8.2M | $5.5M | 100x | as long as short |
| Gate DRAM_USDTlong | +0.0606% | 8h | 62.220 | long leg | $8.1M | $3.5M | 75x |
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Paradex DRAM-USD-PERP
OKX DRAM-USDT-SWAP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Coinbase International DRAM-PERP-INTX
Entropy io:DRAM
Bybit DRAMUSDT
Lighter DRAM
tradeXYZ xyz:DRAM
Aster DRAMUSDT
Deribit DRAM_USDC-PERPETUAL
Variational Omni DRAM
BloFin DRAM-USDT
Extended DRAM-USD
Binance DRAMUSDT
MEXC DRAM_USDT