Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.028%

Price spread now: QFEX against OKX−0.064%7-day average −0.046% · 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−$33as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.064%−$6 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.064%, 7d avg −0.046%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.046%, 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	OKX DRAM-USDT-SWAP	62.510	0.0112	pay 0.0112% / 8h	4h 23m	$5.5M	$4.5M	50x
Short	QFEX DRAM-USD	62.470	0.0052	get 0.0007% / 1h	23m 09s	$1.0M	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$12.45
Price spread: −0.064% → −0.046%: −$1.84
Slippage, 4 orders: −$10.97
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$45.26
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; QFEX: live order book, 2 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 OKX live order book, 5 min ago	0.80 bp	7.0 bp −$7	14.6 bp −$146	93.8 bp −$9,384	doesn't fit
Sell QFEX live order book, 2 min ago	2.40 bp	7.4 bp −$7	7.4 bp −$74	12.7 bp −$1,270	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	62.480	−0.048%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.480	−0.048%	$744	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.420	−0.144%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.480	−0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.422	−0.140%	$1K	$32K	5x	as long as short
Lighter DRAM	+0.0032%	1h	62.465	−0.072%	$971K	$1.0M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0037%	8h	62.460	−0.080%	$37K	$171K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.440	−0.112%	$49K	$78K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.430	−0.128%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.448	−0.099%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.478	−0.051%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.410	−0.160%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USDshort	+0.0052%	1h	62.470	−0.064%	$1.0M	$78K	10x
tradeXYZ xyz:DRAM	+0.0065%	1h	62.456	−0.086%	$81.9M	$35.3M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0082%	8h	62.464	−0.074%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0093%	8h	62.490	−0.032%	$26.3M	$13.2M	20x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.448	−0.099%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.434	−0.121%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.450	−0.096%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.470	−0.064%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.490	−0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.486	−0.038%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0112%	8h	62.510	long leg	$5.5M	$4.5M	50x
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.288%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0158%	1h	62.444	−0.106%	$184K	$441K	25x	as long as short
Bybit DRAMUSDT	+0.0159%	8h	62.505	−0.008%	$9.8M	$9.7M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.470	−0.064%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0274%	8h	62.463	−0.074%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0355%	8h	62.443	−0.106%	$2.4M	$747K	—	as long as short
Extended DRAM-USD	+0.0384%	1h	62.468	−0.068%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0388%	8h	62.480	−0.048%	$45.0M	$80.0M	50x	as long as short
MEXC DRAM_USDT	+0.0391%	8h	62.480	−0.048%	$8.9M	$5.5M	100x	as long as short
BloFin DRAM-USDT	+0.0454%	8h	62.510	0.000%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0634%	8h	62.510	0.000%	$8.2M	$3.5M	75x	as long as short