DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0156%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.056%

Price spread now: QFEX against Coinbase International+0.309%7-day average +0.160% · 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−$17as in the Price arb table

costs, in and out, $10k−$320.319% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.111%−$11 on $10k

Price spread, last 3 days (all we have)−0.269%−$27 · spread now +0.309%, 7d avg +0.160%

Together, before fees−0.381%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.149% dearer against Coinbase International than usual: you sell high and buy low (spread +0.309% now, against its 7-day average of +0.160%): +$15 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.580	0.0208	pay 0.0026% / 1h	24m 13s	$510K	$43K	20x
Short	QFEX DRAM-USD	61.770	0.0052	get 0.0007% / 1h	24m 13s	$1.0M	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.309%Rate

Funding earned: −$32.68
Price spread: +0.309% → +0.160%: $14.88
Slippage, 4 orders: −$11.93
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$49.73
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 59 min ago; QFEX: live order book, 1 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 Coinbase International live order book, 59 min ago	2.43 bp	8.9 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.43 bp	7.4 bp −$7	7.4 bp −$74	11.1 bp −$1,109	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
Gate DRAM_USDT	0.0000%	8h	61.810	+0.373%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.780	+0.325%	$707	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.780	+0.325%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.790	+0.341%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.742	+0.263%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.680	+0.162%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.685	+0.171%	$252K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.758	+0.289%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.793	+0.346%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.740	+0.260%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USDshort	+0.0052%	1h	61.770	+0.309%	$1.0M	$77K	10x
edgeX DRAMUSDC	+0.0055%	4h	61.775	+0.316%	$153K	$288K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.729	+0.242%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	+0.309%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.830	+0.406%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.790	+0.341%	$8K	—	10x	as long as short
Aster DRAMUSDT	+0.0103%	8h	61.740	+0.260%	$198K	$36K	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.797	+0.352%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0112%	8h	61.790	+0.341%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0114%	8h	61.800	+0.357%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.790	+0.341%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0161%	8h	61.782	+0.329%	—	—	5x	as long as short
Variational Omni DRAM	+0.0192%	8h	61.757	+0.288%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0208%	1h	61.580	long leg	$510K	$43K	20x
Bybit DRAMUSDT	+0.0229%	8h	61.830	+0.406%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0234%	8h	61.780	+0.325%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0237%	8h	61.790	+0.341%	$43.8M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.778	+0.322%	$77K	$765K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.790	+0.341%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0304%	1h	61.791	+0.343%	$979K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0308%	1h	61.774	+0.315%	$79.3M	$39.4M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.780	+0.325%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0445%	8h	61.750	+0.276%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	+0.309%	$50K	$91K	10x	as long as short