Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h +0.026%

Price spread now: Aster against QFEX−0.081%7-day average −0.003% · 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−$49as in the Price arb table

costs, in and out, $10k−$410.412% of the position

Long on QFEX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.081%, 7d avg −0.003%

Together, before fees+0.107%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.078% cheaper against QFEX than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of −0.003%). If the spread goes back, that is −$8 on $10k: about 4.8 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.019% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.790	0.0052	pay 0.0007% / 1h	10m 25s	$1.0M	$80K	10x
Short	Aster DRAMUSDT	61.740	0.0106	get 0.0106% / 8h	1h 10m	$198K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against QFEX. 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 QFEXbpFee AsterbpOrdersPrice spread, now −0.081%Rate

Funding earned: $11.35
Price spread: −0.081% → −0.003%: −$7.77
Slippage, 4 orders: −$23.2
Fee QFEX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.61
Costs to cover: 0.412%
Break-even: 30.2 days

Slippage from QFEX: live order book, 3 min ago; Aster: live order book, 6 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 QFEX live order book, 3 min ago	2.43 bp	7.4 bp −$7	7.4 bp −$74	13.4 bp −$1,338	doesn't fit
Sell Aster live order book, 6 min ago	3.24 bp	7.2 bp −$7	9.0 bp −$90	225.5 bp −$22.5K	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	61.800	+0.016%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.760	−0.049%	$750	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.730	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.780	−0.016%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.765	−0.040%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.720	−0.113%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.729	−0.099%	$260K	$510K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.769	−0.034%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.772	−0.029%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.720	−0.113%	$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-USDlong	+0.0052%	1h	61.790	long leg	$1.0M	$80K	10x
edgeX DRAMUSDC	+0.0095%	4h	61.783	−0.012%	$153K	$288K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.729	−0.098%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	−0.032%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.800	+0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.786	−0.007%	$4K	—	10x	as long as short
Aster DRAMUSDTshort	+0.0106%	8h	61.740	−0.081%	$198K	$36K	20x
Bitget DRAMUSDT	+0.0113%	8h	61.770	−0.032%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0116%	8h	61.790	0.000%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0140%	8h	61.785	−0.008%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0153%	8h	61.776	−0.023%	—	—	5x	as long as short
Variational Omni DRAM	+0.0195%	8h	61.747	−0.069%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.340%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0236%	8h	61.823	+0.053%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0239%	8h	61.790	0.000%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.773	−0.027%	$77K	$765K	10x	as long as short
Binance DRAMUSDT	+0.0240%	8h	61.793	+0.005%	$43.8M	$82.7M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.786	−0.006%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.783	−0.011%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0285%	1h	61.770	−0.032%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0461%	8h	61.770	−0.032%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.790	0.000%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.780	−0.016%	$50K	$91K	10x	as long as short