Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0522%/8h= +57.2% APRpaid last 24h +0.049%

Price spread now: Gate against QFEX+0.064%7-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−$42as in the Price arb table

costs, in and out, $10k−$430.433% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.093%−$9 on $10k

Price spread, last 7 days−0.040%−$4 · spread now +0.064%, 7d avg +0.054%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$16 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.093% in total (about -9.8% 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	62.250	0.0046	pay 0.0006% / 1h	24m 29s	$1.0M	$78K	10x
Short	Gate DRAM_USDT	62.290	0.0568	get 0.0568% / 8h	6h 24m	$8.2M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.064%Rate

Funding earned: $109.6
Price spread: +0.064% → +0.054%: $1.03
Slippage, 4 orders: −$18.29
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $67.34
Costs to cover: 0.433%
Break-even: 2.7 days

Slippage from QFEX: live order book, 1 min ago; Gate: 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, 1 min ago	2.41 bp	7.4 bp −$7	8.7 bp −$87	14.4 bp −$1,437	doesn't fit
Sell Gate live order book, 4 min ago	0.80 bp	17.8 bp −$18	23.6 bp −$236	29.8 bp −$2,977	63.1 bp −$31.5K

DRAM on 33 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
SunX DRAM-USDT	0.0000%	8h	62.240	−0.016%	$893	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	+0.016%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	62.251	+0.001%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.222	−0.045%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	−0.032%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.200	−0.080%	—	—	10x	as long as short
QFEX DRAM-USDlong	+0.0046%	1h	62.250	long leg	$1.0M	$78K	10x
Polymarket Perps DRAM-USD	+0.0050%	1h	62.217	−0.053%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.255	+0.008%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.210	−0.064%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0056%	1h	62.196	−0.087%	$253K	$430K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.213	−0.059%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	−0.016%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.096%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.272	+0.035%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.193%	$534K	$93K	20x	as long as short
Lighter DRAM	+0.0160%	1h	62.261	+0.018%	$967K	$1.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0180%	8h	62.255	+0.008%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.260	+0.016%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0236%	1h	62.246	−0.006%	$82.0M	$36.7M	20x	as long as short
Bitget DRAMUSDT	+0.0279%	8h	62.250	0.000%	$26.0M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0348%	8h	62.301	+0.082%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.220	−0.048%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0427%	8h	62.258	+0.012%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0468%	8h	62.269	+0.031%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	+0.056%	$2.4M	$756K	—	as long as short
Gate DRAM_USDTshort	+0.0568%	8h	62.290	+0.064%	$8.2M	$3.5M	75x
Extended DRAM-USD	+0.0592%	1h	62.250	+0.001%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0593%	8h	62.260	+0.016%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0593%	8h	62.268	+0.029%	$44.7M	$82.0M	50x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.258	+0.013%	$448K	$504K	20x	as long as short