Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h +0.013%

Price spread now: GRVT against QFEX−0.016%57s7-day average +0.002% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.290% of the position

Long on QFEX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.016%, 7d avg +0.002%

Together, before fees+0.049%+ Points / potential airdropGRVT: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 57 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	61.750	0.0052	pay 0.0007% / 1h	27m 59s	$1.0M	$77K	10x
Short	GRVT DRAM_USDT_Perp	61.740	0.0137	get 0.0137% / 8h	1h 27m	$36K	$183K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.016%Rate

Funding earned: $17.77
Price spread: −0.016% → +0.002%: −$1.82
Slippage, 4 orders: −$10.03
Fee QFEX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.09
Costs to cover: 0.290%
Break-even: 12.2 days

Slippage from QFEX: live order book, 2 min ago; GRVT: live order book, 54 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, 2 min ago	2.43 bp	7.4 bp −$7	8.5 bp −$85	12.9 bp −$1,287	doesn't fit
Sell GRVT live order book, 54 min ago	1.62 bp	8.1 bp −$8	18.1 bp −$181	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	61.790	+0.065%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.770	+0.032%	$723	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	+0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.770	+0.032%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.724	−0.042%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.660	−0.146%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.696	−0.087%	$255K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.756	+0.010%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.765	+0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.700	−0.081%	$1.2M	$1.7M	10x	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	+0.0052%	1h	61.750	long leg	$1.0M	$77K	10x
edgeX DRAMUSDC	+0.0061%	4h	61.737	−0.022%	$153K	$290K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.737	−0.021%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.760	+0.016%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.097%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	+0.049%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0102%	8h	61.740	−0.016%	$198K	$36K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.782	+0.052%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0110%	8h	61.800	+0.081%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0110%	8h	61.770	+0.032%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perpshort	+0.0137%	8h	61.740	−0.016%	$36K	$183K	10x
Paradex DRAM-USD-PERP	+0.0164%	8h	61.794	+0.071%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.037%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.275%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0226%	8h	61.800	+0.081%	$9.3M	$10.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.768	+0.030%	$77K	$765K	10x	as long as short
MEXC DRAM_USDT	+0.0233%	8h	61.760	+0.016%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0234%	8h	61.760	+0.016%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.792	+0.069%	$455K	$454K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0315%	1h	61.744	−0.010%	$79.3M	$39.6M	20x	as long as short
Lighter DRAM	+0.0320%	1h	61.768	+0.029%	$992K	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0432%	8h	61.770	+0.032%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0560%	1h	61.780	+0.049%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.780	+0.049%	$50K	$92K	10x	as long as short