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 −0.034%

Price spread now: QFEX against Bybit−0.025%7-day average −0.062% · 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−$26as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.055%−$6 on $10k

Price spread, last 7 days−0.008%−$1 · spread now −0.025%, 7d avg −0.062%

Together, before fees−0.064%−$6 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 0.037% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.062%. Mind the row above: over the last 4 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	61.195	0	get 0.0000% / 8h	1h 43m	$9.4M	$10.3M	100x
Short	QFEX DRAM-USD	61.180	0.0039	get 0.0005% / 1h	43m 34s	$996K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. 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 BybitbpFee QFEXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $8.27
Price spread: −0.025% → −0.062%: $3.72
Slippage, 4 orders: −$8.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$17.44
Costs to cover: 0.294%
Break-even: 21.8 days

Slippage from Bybit: live order book, 5 min ago; QFEX: live order book, 11 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 Bybit live order book, 5 min ago	0.82 bp	7.3 bp −$7	13.3 bp −$133	115.2 bp −$11.5K	doesn't fit
Sell QFEX live order book, 11 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	−0.0479%	8h	61.240	+0.074%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDTlong	0.0000%	8h	61.195	long leg	$9.4M	$10.3M	100x
RISEx DRAM/USDC	0.0000%	1h	61.184	−0.018%	$424K	$367K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.250	+0.090%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.243	+0.079%	$36K	$200K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.170	−0.041%	$733	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.180	−0.025%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.170	−0.041%	$1.7M	$1.3M	10x	as long as short
Aster DRAMUSDT	+0.0020%	8h	61.208	+0.022%	$197K	$35K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.205	+0.017%	$1K	$31K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0029%	8h	61.210	+0.025%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USDshort	+0.0039%	1h	61.180	−0.025%	$996K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.190	−0.008%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.190	−0.008%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.180	−0.025%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.181	−0.023%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.175	−0.033%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.170	−0.041%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0076%	8h	61.194	−0.001%	$2.3M	$682K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.160	−0.057%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0085%	4h	61.216	+0.034%	$148K	$299K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0099%	1h	61.140	−0.090%	$79.2M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.182	−0.021%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.160	−0.057%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.250	+0.090%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.190	−0.008%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0102%	8h	61.153	−0.068%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.184	−0.019%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0117%	8h	61.250	+0.090%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0121%	8h	61.186	−0.015%	$43.8M	$87.4M	50x	as long as short
MEXC DRAM_USDT	+0.0124%	8h	61.180	−0.025%	$8.0M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0128%	1h	61.170	−0.041%	$74K	$190K	10x	as long as short
Lighter DRAM	+0.0136%	1h	61.187	−0.013%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.139%	$525K	$75K	20x	as long as short