DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0113%/8h= +12.4% APRnext payment +$0.14 per $10,000 · paid last 24h +0.048%

Price spread now: Coinbase International against QFEX−0.517%7-day average −0.163% · 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−$71as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on QFEX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.563%+$56 · spread now −0.517%, 7d avg −0.163%

Together, before fees+0.676%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.354% cheaper against QFEX than usual: you would sell low and buy high (spread −0.517% now, against its 7-day average of −0.163%). If the spread goes back, that is −$35 on $10k: about 10 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.900	0.0079	pay 0.0010% / 1h	46m 50s	$1.0M	$80K	10x
Short	Coinbase International DRAM-PERP-INTX	61.580	0.0192	get 0.0024% / 1h	46m 50s	$510K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.517%Rate

Funding earned: $23.69
Price spread: −0.517% → −0.163%: −$35.4
Slippage, 4 orders: −$15.47
Fee QFEX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$47.18
Costs to cover: 0.355%
Break-even: 20.9 days

Slippage from QFEX: live order book, 3 min ago; Coinbase International: live order book, 31 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	2.42 bp	7.4 bp −$7	7.4 bp −$74	12.6 bp −$1,260	doesn't fit
Sell Coinbase International live order book, 31 min ago	3.24 bp	8.2 bp −$8	12.6 bp −$126	doesn't fit	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	62.000	+0.162%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.960	+0.097%	$656	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.910	+0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.870	−0.048%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.920	+0.032%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	−0.065%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.934	+0.055%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.970	+0.113%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	0.000%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.944	+0.070%	$153K	$290K	20x	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	+0.0079%	1h	61.900	long leg	$1.0M	$80K	10x
Pacifica DRAM	+0.0100%	1h	61.978	+0.126%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.900	0.000%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	+0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.950	+0.081%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.963	+0.101%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0136%	8h	61.980	+0.129%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0139%	8h	61.990	+0.145%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0158%	8h	61.980	+0.129%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0167%	8h	61.942	+0.068%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0176%	8h	61.941	+0.066%	$36K	$178K	10x	as long as short
Lighter DRAM	+0.0192%	1h	61.978	+0.126%	$978K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0192%	1h	61.580	−0.517%	$510K	$43K	20x
Variational Omni DRAM	+0.0237%	8h	61.947	+0.076%	$2.4M	$948K	—	as long as short
Entropy io:DRAM	+0.0247%	1h	61.896	−0.006%	$260K	$502K	25x	as long as short
Bybit DRAMUSDT	+0.0274%	8h	62.024	+0.200%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0286%	8h	61.980	+0.129%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0288%	1h	61.956	+0.091%	$77K	$766K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0293%	1h	61.971	+0.115%	$80.4M	$39.8M	20x	as long as short
Binance DRAMUSDT	+0.0294%	8h	61.988	+0.143%	$43.9M	$82.5M	50x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.957	+0.092%	$457K	$475K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.960	+0.097%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0543%	8h	61.950	+0.081%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.940	+0.065%	$50K	$89K	10x	as long as short