Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.055%

Price spread now: Binance against QFEX+0.133%53s7-day average +0.049% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.266% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.085%+$8 on $10k

Price spread, last 7 days−0.103%−$10 · spread now +0.133%, 7d avg +0.049%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.084% dearer against QFEX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.049%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.120	0.0050	pay 0.0006% / 1h	14m 41s	$995K	$84K	10x
Short	Binance DRAMUSDT	61.201	0.0167	get 0.0167% / 8h	2h 14m	$43.7M	$86.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.133%Rate

Funding earned: $24.53
Price spread: +0.133% → +0.049%: $8.4
Slippage, 4 orders: −$6.55
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $6.38
Costs to cover: 0.266%
Break-even: 5.2 days

Slippage from QFEX: live order book, 20 min ago; Binance: live order book, 13 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, 20 min ago	2.46 bp	7.5 bp −$7	8.8 bp −$88	15.3 bp −$1,530	doesn't fit
Sell Binance live order book, 13 min ago	0.82 bp	5.8 bp −$6	9.1 bp −$91	43.5 bp −$4,351	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	−0.0525%	8h	61.260	+0.229%	$25.9M	$14.1M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.132	+0.019%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.235	+0.188%	$36K	$195K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.130	+0.016%	$798	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.140	+0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.180	+0.098%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0007%	8h	61.228	+0.177%	$9.4M	$10.2M	100x	as long as short
Gate DRAM_USDT	+0.0017%	8h	61.230	+0.180%	$8.0M	$3.7M	75x	as long as short
Aftermath Perps DRAMUSD	+0.0026%	1h	61.133	+0.021%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0039%	8h	61.250	+0.213%	$5.4M	$5.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.140	+0.033%	$48K	$69K	10x	as long as short
edgeX DRAMUSDC	+0.0042%	4h	61.185	+0.106%	$148K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.100	−0.033%	—	—	10x	as long as short
QFEX DRAM-USDlong	+0.0050%	1h	61.120	long leg	$995K	$84K	10x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.090	−0.049%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.132	+0.020%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.110	−0.016%	$1.1M	$3.3M	10x	as long as short
Aster DRAMUSDT	+0.0060%	8h	61.197	+0.125%	$197K	$35K	20x	as long as short
Entropy io:DRAM	+0.0071%	1h	61.130	+0.016%	$169K	$470K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.166	+0.075%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.150	+0.049%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.100	−0.033%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.130	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.130	+0.017%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.115	−0.008%	$2.3M	$670K	—	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.183	+0.103%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0138%	1h	61.160	+0.065%	$79.2M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0151%	8h	61.150	+0.049%	$300K	$26K	20x	as long as short
Binance DRAMUSDTshort	+0.0167%	8h	61.201	+0.133%	$43.7M	$86.3M	50x
MEXC DRAM_USDT	+0.0167%	8h	61.210	+0.147%	$8.0M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.162	+0.068%	$76K	$188K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.016%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0232%	1h	61.191	+0.116%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.110	−0.016%	$13K	$3K	20x	as long as short