Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.013%

Price spread now: QFEX against GRVT+0.049%7-day average −0.002% · 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−$24as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.049%, 7d avg −0.002%

Together, before fees−0.082%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.051% dearer against GRVT than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.002%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 3 days (−0.006% in total) that is about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT DRAM_USDT_Perp	61.740	0.0137	pay 0.0137% / 8h	1h 29m	$36K	$183K	10x
Short	QFEX DRAM-USD	61.770	0.0052	get 0.0007% / 1h	29m 32s	$1.0M	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against GRVT. 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 GRVTbpFee QFEXbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$17.77
Price spread: +0.049% → −0.002%: $5.06
Slippage, 4 orders: −$10.03
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$41.74
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from GRVT: live order book, 52 min ago; QFEX: live order book, just now.

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 GRVT live order book, 52 min ago	1.62 bp	6.1 bp −$6	18.2 bp −$182	doesn't fit	doesn't fit
Sell QFEX live order book, just now	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	61.780	+0.065%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.760	+0.032%	$823	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.700	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.760	+0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.709	−0.050%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.700	−0.065%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.681	−0.096%	$254K	$504K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.748	+0.013%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.752	+0.019%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.700	−0.065%	$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	+0.049%	$1.0M	$77K	10x
edgeX DRAMUSDC	+0.0061%	4h	61.737	−0.006%	$153K	$290K	20x	as long as short
Aster DRAMUSDT	+0.0100%	8h	61.740	0.000%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.693	−0.076%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.740	0.000%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.081%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.747	+0.012%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.780	+0.065%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0109%	8h	61.770	+0.049%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perplong	+0.0137%	8h	61.740	long leg	$36K	$183K	10x
Paradex DRAM-USD-PERP	+0.0163%	8h	61.745	+0.008%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.021%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.259%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0225%	8h	61.830	+0.146%	$9.3M	$10.3M	100x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.780	+0.065%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.763	+0.037%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0233%	8h	61.780	+0.065%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.778	+0.061%	$480K	$442K	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.759	+0.031%	$992K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0324%	1h	61.759	+0.031%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0425%	8h	61.720	−0.032%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.740	0.000%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	+0.049%	$50K	$92K	10x	as long as short