Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h +0.014%

Price spread now: KuCoin against QFEX−0.065%7-day average 0.000% · 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−$104as in the Price arb table

costs, in and out, $10k−$980.978% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.065%, 7d avg 0.000%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.065% cheaper against QFEX than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of 0.000%). If the spread goes back, that is −$7 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.061% in total) that is about 3.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.980	0.0079	pay 0.0010% / 1h	18m 36s	$1.0M	$80K	10x
Short	KuCoin DRAMUSDTM	61.940	0.0100	get 0.0100% / 8h	18m 36s	$3.0M	$472K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $4.37
Price spread: −0.065% → 0.000%: −$6.5
Slippage, 4 orders: −$75.81
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$99.95
Costs to cover: 0.978%
Break-even: 167.2 days

Slippage from QFEX: live order book, 1 min ago; KuCoin: 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	3.23 bp	8.2 bp −$8	8.2 bp −$82	11.1 bp −$1,106	doesn't fit
Sell KuCoin live order book, 4 min ago	3.23 bp	21.3 bp −$21	doesn't fit	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	62.030	+0.081%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.000	+0.032%	$811	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.960	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.840	−0.226%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.968	−0.019%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	−0.057%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.900	−0.129%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.982	+0.003%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.993	+0.021%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.970	−0.016%	$1.2M	$1.8M	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	+0.0079%	1h	61.980	long leg	$1.0M	$80K	10x
Pacifica DRAM	+0.0100%	1h	62.023	+0.069%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	61.940	−0.065%	$3.0M	$472K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.870	−0.177%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	0.000%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.999	+0.031%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0167%	8h	62.020	+0.065%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0175%	8h	62.020	+0.065%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.645%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0205%	8h	62.012	+0.052%	—	—	5x	as long as short
Lighter DRAM	+0.0232%	1h	61.997	+0.027%	$978K	$1.2M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	−0.029%	$36K	$171K	10x	as long as short
Aster DRAMUSDT	+0.0267%	8h	62.010	+0.048%	$199K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0292%	8h	62.051	+0.115%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	62.020	+0.065%	$457K	$476K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0309%	1h	61.994	+0.023%	$80.6M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0325%	1h	61.912	−0.110%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0349%	8h	61.967	−0.022%	$2.4M	$955K	—	as long as short
MEXC DRAM_USDT	+0.0396%	8h	62.010	+0.048%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0400%	1h	62.008	+0.045%	$77K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0404%	8h	62.010	+0.048%	$43.7M	$82.3M	50x	as long as short
BloFin DRAM-USDT	+0.0662%	8h	62.040	+0.097%	$253K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.990	+0.016%	$50K	$90K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0719%	1h	62.000	+0.032%	$13K	$9K	20x	as long as short