Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0515%/8h= +56.4% APRpaid last 24h +0.054%

Price spread now: MEXC against QFEX+0.177%7-day average +0.041% · 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−$3as in the Price arb table

costs, in and out, $10k−$160.164% of the position

Long on QFEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.086%+$9 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.177%, 7d avg +0.041%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and MEXC is 0.136% dearer against QFEX than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.041%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.086% in total (about 9.0% 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	62.170	0.0046	pay 0.0006% / 1h	58m 46s	$1.0M	$78K	10x
Short	MEXC DRAM_USDT	62.280	0.0561	get 0.0561% / 8h	5h 58m	$9.6M	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.177%Rate

Funding earned: $108.13
Price spread: +0.177% → +0.041%: $13.56
Slippage, 4 orders: −$6.42
Fee QFEX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $105.28
Costs to cover: 0.164%
Break-even: 0.2 days

Slippage from QFEX: live order book, just now; MEXC: 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, just now	2.41 bp	7.4 bp −$7	8.7 bp −$87	17.0 bp −$1,695	doesn't fit
Sell MEXC live order book, 4 min ago	0.80 bp	0.8 bp −$1	0.8 bp −$8	5.9 bp −$591	doesn't fit

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
RISEx DRAM/USDC	0.0000%	1h	62.176	+0.010%	$447K	$505K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.200	+0.048%	$788	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.190	+0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.240	+0.113%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	62.152	−0.029%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.180	+0.016%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.140	−0.048%	—	—	10x	as long as short
QFEX DRAM-USDlong	+0.0046%	1h	62.170	long leg	$1.0M	$78K	10x
Polymarket Perps DRAM-USD	+0.0050%	1h	62.168	−0.003%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.200	+0.048%	$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	62.090	−0.129%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0057%	4h	62.231	+0.099%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.144	−0.041%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.200	+0.048%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.160	−0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.220	+0.080%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.253	+0.134%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0111%	8h	62.280	+0.177%	$26.1M	$13.1M	20x	as long as short
Entropy io:DRAM	+0.0132%	1h	62.188	+0.029%	$253K	$426K	25x	as long as short
Paradex DRAM-USD-PERP	+0.0151%	8h	62.167	−0.005%	—	—	5x	as long as short
Lighter DRAM	+0.0176%	1h	62.288	+0.190%	$968K	$1.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.209%	$534K	$81K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0212%	8h	62.310	+0.225%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0257%	8h	62.235	+0.105%	$36K	$155K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0268%	1h	62.264	+0.151%	$82.2M	$37.0M	20x	as long as short
Bybit DRAMUSDT	+0.0277%	8h	62.341	+0.275%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0435%	8h	62.291	+0.195%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0490%	8h	62.290	+0.193%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0525%	8h	62.224	+0.087%	$2.4M	$710K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0554%	1h	62.230	+0.097%	$13K	$3K	20x	as long as short
Binance DRAMUSDT	+0.0559%	8h	62.314	+0.231%	$44.7M	$81.6M	50x	as long as short
Extended DRAM-USD	+0.0560%	1h	62.238	+0.110%	$75K	$665K	10x	as long as short
MEXC DRAM_USDTshort	+0.0561%	8h	62.280	+0.177%	$9.6M	$5.5M	100x