Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.033%

Price spread now: Bybit against QFEX+0.096%7-day average +0.061% · 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−$27as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.096%, 7d avg +0.061%

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.035% dearer against QFEX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	62.430	0.0052	pay 0.0007% / 1h	25m 37s	$1.0M	$78K	10x
Short	Bybit DRAMUSDT	62.490	0.0165	get 0.0165% / 8h	4h 25m	$9.8M	$9.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.096%Rate

Funding earned: $23.74
Price spread: +0.096% → +0.061%: $3.54
Slippage, 4 orders: −$9.59
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$3.32
Costs to cover: 0.306%
Break-even: 8.0 days

Slippage from QFEX: live order book, 4 min ago; Bybit: live order book, 3 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, 4 min ago	2.40 bp	7.4 bp −$7	7.4 bp −$74	15.7 bp −$1,570	doesn't fit
Sell Bybit live order book, 3 min ago	0.80 bp	8.0 bp −$8	12.2 bp −$122	113.6 bp −$11.4K	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	62.458	+0.045%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.440	+0.016%	$759	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.450	+0.032%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0022%	1h	62.421	−0.014%	$1K	$32K	5x	as long as short
edgeX DRAMUSDC	+0.0026%	4h	62.434	+0.006%	$151K	$299K	20x	as long as short
Lighter DRAM	+0.0032%	1h	62.453	+0.037%	$970K	$1.0M	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.430	0.000%	$49K	$78K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.420	−0.016%	—	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0048%	8h	62.450	+0.032%	$37K	$171K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.416	−0.022%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.443	+0.021%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.410	−0.032%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USDlong	+0.0052%	1h	62.430	long leg	$1.0M	$78K	10x
tradeXYZ xyz:DRAM	+0.0064%	1h	62.437	+0.011%	$81.8M	$35.4M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.440	+0.016%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0083%	8h	62.450	+0.033%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0094%	8h	62.450	+0.032%	$26.3M	$13.1M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.463	+0.053%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.440	+0.016%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.032%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.470	+0.064%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.457	+0.043%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0116%	8h	62.470	+0.064%	$5.5M	$4.5M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.160%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0165%	1h	62.436	+0.010%	$183K	$446K	25x	as long as short
Bybit DRAMUSDTshort	+0.0165%	8h	62.490	+0.096%	$9.8M	$9.7M	100x
Aster DRAMUSDT	+0.0281%	8h	62.462	+0.051%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0355%	8h	62.443	+0.022%	$2.4M	$747K	—	as long as short
Binance DRAMUSDT	+0.0393%	8h	62.457	+0.044%	$45.0M	$80.0M	50x	as long as short
MEXC DRAM_USDT	+0.0398%	8h	62.460	+0.048%	$8.9M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0400%	1h	62.443	+0.022%	$76K	$622K	10x	as long as short
BloFin DRAM-USDT	+0.0479%	8h	62.480	+0.080%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0633%	8h	62.490	+0.096%	$8.2M	$3.5M	75x	as long as short