Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.027%

Price spread now: OKX against QFEX+0.048%7-day average +0.046% · 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−$29as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.067%+$7 on $10k

Price spread, last 7 days−0.024%−$2 · spread now +0.048%, 7d avg +0.046%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	62.240	0.0160	pay 0.0020% / 1h	33m 29s	$1.0M	$78K	10x
Short	OKX DRAM-USDT-SWAP	62.270	0.0223	get 0.0223% / 8h	7h 33m	$5.5M	$4.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $13.19
Price spread: +0.048% → +0.046%: $0.25
Slippage, 4 orders: −$9.67
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$16.22
Costs to cover: 0.297%
Break-even: 15.6 days

Slippage from QFEX: live order book, 2 min ago; OKX: 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, 2 min ago	2.41 bp	7.4 bp −$7	8.7 bp −$87	14.5 bp −$1,450	doesn't fit
Sell OKX live order book, 4 min ago	0.80 bp	7.4 bp −$7	15.8 bp −$158	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
SunX DRAM-USDT	0.0000%	8h	62.290	+0.080%	$937	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.340	+0.161%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	+0.032%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	62.306	+0.107%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.240	0.000%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.233	−0.011%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.278	+0.061%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.240	0.000%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0070%	4h	62.351	+0.179%	$151K	$296K	20x	as long as short
Lighter DRAM	+0.0096%	1h	62.251	+0.018%	$963K	$1.2M	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica DRAM	+0.0100%	1h	62.263	+0.036%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	−0.032%	$3.0M	$438K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	+0.305%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.270	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.268	+0.045%	$4K	—	10x	as long as short
QFEX DRAM-USDlong	+0.0160%	1h	62.240	long leg	$1.0M	$78K	10x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.514%	$535K	$95K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0206%	8h	62.256	+0.025%	—	—	5x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0223%	8h	62.270	+0.048%	$5.5M	$4.7M	50x
Deribit DRAM_USDC-PERPETUAL	+0.0232%	1h	62.250	+0.016%	$13K	$3K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0262%	1h	62.237	−0.005%	$81.7M	$39.4M	20x	as long as short
Bybit DRAMUSDT	+0.0333%	8h	62.293	+0.085%	$9.6M	$10.5M	100x	as long as short
Aster DRAMUSDT	+0.0386%	8h	62.201	−0.063%	$200K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0448%	8h	62.260	+0.032%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0474%	8h	62.365	+0.201%	$2.4M	$761K	—	as long as short
Entropy io:DRAM	+0.0492%	1h	62.284	+0.071%	$254K	$462K	25x	as long as short
Extended DRAM-USD	+0.0512%	1h	62.213	−0.044%	$75K	$769K	10x	as long as short
Binance DRAMUSDT	+0.0515%	8h	62.225	−0.025%	$44.4M	$81.5M	50x	as long as short
MEXC DRAM_USDT	+0.0516%	8h	62.250	+0.016%	$9.7M	$6.7M	100x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.320	+0.129%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0611%	8h	62.290	+0.080%	$8.3M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0866%	8h	62.370	+0.209%	$37K	$157K	10x	as long as short
BloFin DRAM-USDT	+0.0905%	8h	62.390	+0.241%	$298K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.245	+0.007%	$460K	$495K	20x	as long as short