Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h +0.016%

Price spread now: QFEX against SunX+0.065%7-day average +0.003% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.065%, 7d avg +0.003%

Together, before fees−0.015%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.062% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DRAM-USDT	61.120	0	get 0.0000% / 8h	1h 33m	$614	$2.6M	10x
Short	QFEX DRAM-USD	61.160	0.0039	get 0.0005% / 1h	33m 16s	$996K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $8.27
Price spread: +0.065% → +0.003%: $6.2
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$3.53
Costs to cover: 0.180%
Break-even: 10.0 days

Slippage unknown: SunX: live order book, 4 min ago; QFEX: live order book, 22 min ago. Net counts fees only.

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 SunX live order book, 4 min ago	46.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 22 min ago	2.45 bp	7.4 bp −$7	7.4 bp −$74	13.6 bp −$1,364	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
Bitget DRAMUSDT	−0.0568%	8h	61.170	+0.082%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.159	+0.064%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.168	+0.079%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.130	+0.017%	$423K	$359K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.190	+0.115%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.113	−0.012%	$36K	$201K	10x	as long as short
SunX DRAM-USDTlong	0.0000%	8h	61.120	long leg	$614	$2.6M	10x
HTX DRAM-USDT	0.0000%	8h	61.050	−0.115%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.150	+0.049%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0017%	8h	61.150	+0.049%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps DRAMUSD	+0.0029%	1h	61.101	−0.031%	$1K	$31K	5x	as long as short
QFEX DRAM-USDshort	+0.0039%	1h	61.160	+0.065%	$996K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.070	−0.082%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.110	−0.016%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.086	−0.056%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.117	−0.005%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.125	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.070	−0.082%	$1.0M	$3.5M	10x	as long as short
Variational Omni DRAM	+0.0055%	8h	61.064	−0.091%	$2.3M	$682K	—	as long as short
BloFin DRAM-USDT	+0.0069%	8h	61.090	−0.049%	$299K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0076%	1h	61.124	+0.007%	$79.1M	$35.9M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.130	+0.016%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0094%	8h	61.132	+0.020%	—	—	5x	as long as short
Extended DRAM-USD	+0.0096%	1h	61.115	−0.008%	$74K	$193K	10x	as long as short
Binance DRAMUSDT	+0.0097%	8h	61.150	+0.049%	$43.7M	$87.6M	50x	as long as short
edgeX DRAMUSDC	+0.0097%	4h	61.080	−0.066%	$148K	$298K	20x	as long as short
MEXC DRAM_USDT	+0.0099%	8h	61.150	+0.049%	$8.0M	$5.6M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.139	+0.031%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.110	−0.016%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.110	−0.016%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.130	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.134	+0.022%	$4K	—	10x	as long as short
Lighter DRAM	+0.0152%	1h	61.153	+0.054%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.016%	$525K	$75K	20x	as long as short