Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.016%

Price spread now: QFEX against Phemex0.000%7-day average −0.003% · 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−$114as in the Price arb table

costs, in and out, $10k−$1141.144% of the position

Long on Phemex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now 0.000%, 7d avg −0.003%

Together, before fees+0.061%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex DRAMUSDT	61.030	0	get 0.0000% / 8h	1h 04m	$1.7M	$1.3M	10x
Short	QFEX DRAM-USD	61.030	0.0039	get 0.0005% / 1h	4m 47s	$994K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Phemex. 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 PhemexbpFee QFEXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $8.27
Price spread: 0.000% → −0.003%: $0.33
Slippage, 4 orders: −$92.41
Fee Phemex: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$105.81
Costs to cover: 1.144%
Break-even: 96.6 days

Slippage from Phemex: live order book, 3 min ago; QFEX: live order book, 15 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 Phemex live order book, 3 min ago	0.82 bp	53.3 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 15 min ago	2.45 bp	7.5 bp −$7	7.5 bp −$75	13.3 bp −$1,327	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	−0.0641%	8h	61.030	0.000%	$26.1M	$14.8M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.006	−0.039%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.035	+0.008%	$9.4M	$10.2M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.020	−0.016%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.008	−0.037%	$423K	$348K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.040	+0.016%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.044	+0.023%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.070	+0.066%	$36K	$204K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.040	+0.016%	$685	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.990	−0.066%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDTlong	0.0000%	8h	61.030	long leg	$1.7M	$1.3M	10x
edgeX DRAMUSDC	0.0000%	4h	61.051	+0.034%	$148K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.020	−0.016%	$1K	$30K	5x	as long as short
QFEX DRAM-USDshort	+0.0039%	1h	61.030	0.000%	$994K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.030	0.000%	$48K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.020	−0.016%	—	—	10x	as long as short
Extended DRAM-USD	+0.0048%	1h	60.983	−0.078%	$74K	$187K	10x	as long as short
Binance DRAMUSDT	+0.0049%	8h	60.990	−0.066%	$43.6M	$87.9M	50x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.985	−0.074%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.998	−0.052%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.015	−0.025%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.020	−0.016%	$1.1M	$3.5M	10x	as long as short
MEXC DRAM_USDT	+0.0051%	8h	60.990	−0.066%	$7.7M	$5.8M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	61.000	−0.049%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0081%	8h	61.027	−0.005%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.051	+0.034%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.980	−0.082%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.080	+0.082%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.030	0.000%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0101%	1h	60.954	−0.125%	$78.9M	$35.7M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.006	−0.039%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.030	0.000%	$298K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.131%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0232%	1h	60.996	−0.056%	$1.1M	$1.2M	20x	as long as short