Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0805%/8h= −88.2% APRpaid last 24h +0.004%

Price spread now: Bitget against QFEX+0.115%46s7-day average +0.054% · 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−$310.314% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.115%, 7d avg +0.054%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.061% dearer against QFEX than usual: you sell high and buy low (spread +0.115% now, against its 7-day average of +0.054%): +$6 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 6 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.002% in total (about 0.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	60.820	0.0040	pay 0.0005% / 1h	59m 54s	$990K	$84K	10x
Short	Bitget DRAMUSDT	60.890	−0.0765	pay 0.0765% / 8h	7h 59m	$26.6M	$15.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.115%Rate

Funding earned: −$169.12
Price spread: +0.115% → +0.054%: $6.12
Slippage, 4 orders: −$9.45
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$194.44
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from QFEX: live order book, 15 min ago; Bitget: live order book, 4 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, 15 min ago	3.29 bp	8.3 bp −$8	8.3 bp −$83	16.6 bp −$1,665	doesn't fit
Sell Bitget live order book, 4 min ago	0.82 bp	8.1 bp −$8	14.8 bp −$148	44.8 bp −$4,480	95.4 bp −$47.7K

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 DRAMUSDTshort	−0.0765%	8h	60.890	+0.115%	$26.6M	$15.2M	20x
Aster DRAMUSDT	0.0000%	8h	60.858	+0.062%	$195K	$39K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.819	−0.002%	$421K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.890	+0.115%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.847	+0.044%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.884	+0.105%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.830	+0.016%	$878	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.800	−0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.830	+0.016%	$1.7M	$1.3M	10x	as long as short
Extended DRAM-USD	+0.0008%	1h	60.824	+0.006%	$74K	$198K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDT	+0.0009%	8h	60.850	+0.049%	$8.4M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0010%	8h	60.860	+0.066%	$43.8M	$89.0M	50x	as long as short
OKX DRAM-USDT-SWAP	+0.0016%	8h	60.850	+0.049%	$5.4M	$6.0M	50x	as long as short
Bybit DRAMUSDT	+0.0024%	8h	60.880	+0.099%	$9.6M	$10.5M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	60.819	−0.001%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.820	0.000%	$47K	$67K	10x	as long as short
QFEX DRAM-USDlong	+0.0040%	1h	60.820	long leg	$990K	$84K	10x
Vest DRAM-USD-PERP	+0.0046%	1h	60.800	−0.033%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.785	−0.058%	$179K	$479K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.797	−0.038%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.824	+0.007%	$2K	$15K	20x	as long as short
BloFin DRAM-USDT	+0.0050%	8h	60.880	+0.099%	$298K	$26K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.800	−0.033%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0067%	4h	60.866	+0.076%	$148K	$299K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.795	−0.042%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.838	+0.029%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.810	−0.016%	$3.0M	$419K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.890	+0.115%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.820	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.808	−0.020%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.197%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0190%	1h	60.829	+0.015%	$78.8M	$35.8M	20x	as long as short
Lighter DRAM	+0.0344%	1h	60.815	−0.008%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0573%	1h	60.800	−0.033%	$13K	$3K	20x	as long as short