Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.085%

Price spread now: QFEX against BloFin−0.066%7-day average −0.008% · 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−$40as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.115%−$11 on $10k

Price spread, last 4 days (all we have)+0.102%+$10 · spread now −0.066%, 7d avg −0.008%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.057% cheaper against BloFin than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DRAM-USDT	60.890	0.0041	pay 0.0041% / 8h	2m 39s	$298K	$26K	20x
Short	QFEX DRAM-USD	60.850	0.0040	get 0.0005% / 1h	2m 39s	$991K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$0.19
Price spread: −0.066% → −0.008%: −$5.72
Slippage, 4 orders: −$12.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$40.29
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from BloFin: live order book, 12 min ago; QFEX: live order book, 12 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 BloFin live order book, 12 min ago	0.82 bp	10.8 bp −$11	14.4 bp −$144	40.1 bp −$4,010	doesn't fit
Sell QFEX live order book, 12 min ago	3.29 bp	8.3 bp −$8	8.3 bp −$83	14.2 bp −$1,424	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	−0.0764%	8h	60.910	+0.033%	$26.6M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.863	−0.044%	$195K	$39K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.845	−0.074%	$421K	$339K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.910	+0.033%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.867	−0.038%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.888	−0.003%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.880	−0.016%	$841	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.840	−0.082%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.880	−0.016%	$1.7M	$1.3M	10x	as long as short
Extended DRAM-USD	+0.0008%	1h	60.845	−0.073%	$74K	$198K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC DRAM_USDT	+0.0010%	8h	60.860	−0.049%	$8.4M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0010%	8h	60.850	−0.066%	$43.8M	$89.0M	50x	as long as short
OKX DRAM-USDT-SWAP	+0.0013%	8h	60.880	−0.016%	$5.4M	$6.0M	50x	as long as short
Bybit DRAMUSDT	+0.0021%	8h	60.877	−0.021%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.857	−0.054%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.840	−0.082%	$47K	$67K	10x	as long as short
QFEX DRAM-USDshort	+0.0040%	1h	60.850	−0.066%	$991K	$84K	10x
BloFin DRAM-USDTlong	+0.0041%	8h	60.890	long leg	$298K	$26K	20x
edgeX DRAMUSDC	+0.0045%	4h	60.863	−0.044%	$148K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.830	−0.099%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.824	−0.108%	$179K	$479K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.833	−0.094%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.859	−0.051%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.820	−0.115%	$1.1M	$3.5M	10x	as long as short
Paradex DRAM-USD-PERP	+0.0092%	8h	60.839	−0.083%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.868	−0.035%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.840	−0.082%	$3.0M	$419K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.890	0.000%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.860	−0.049%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.852	−0.062%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.082%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0183%	1h	60.834	−0.092%	$78.8M	$35.7M	20x	as long as short
Lighter DRAM	+0.0344%	1h	60.849	−0.067%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0408%	1h	60.850	−0.066%	$13K	$3K	20x	as long as short