Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0021%/8h= −2.3% APRpaid last 24h −0.006%

Price spread now: QFEX against edgeX−0.080%57s7-day average +0.005% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.291% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.060%+$6 · spread now −0.080%, 7d avg +0.005%

Together, before fees+0.024%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and QFEX is 0.085% cheaper against edgeX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.005%). Swap the legs. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	61.119	0.0071	pay 0.0036% / 4h	2h 25m	$148K	$297K	20x
Short	QFEX DRAM-USD	61.070	0.0050	get 0.0006% / 1h	25m 46s	$995K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. 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 edgeXbpFee QFEXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$4.51
Price spread: −0.080% → +0.005%: −$8.52
Slippage, 4 orders: −$10.14
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$42.17
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from edgeX: live order book, 22 min ago; QFEX: live order book, 8 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 edgeX live order book, 22 min ago	2.43 bp	7.2 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell QFEX live order book, 8 min ago	2.46 bp	7.5 bp −$7	7.5 bp −$75	13.4 bp −$1,335	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	−0.0412%	8h	61.140	+0.035%	$25.8M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.040	−0.129%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	+0.035%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.100	−0.031%	$750	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.276%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.140	+0.035%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0013%	8h	61.129	+0.017%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.070	−0.080%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0035%	8h	61.150	+0.051%	$5.5M	$5.6M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.010	−0.178%	$48K	$75K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.060	−0.096%	—	—	10x	as long as short
QFEX DRAM-USDshort	+0.0050%	1h	61.070	−0.080%	$995K	$84K	10x
Entropy io:DRAM	+0.0050%	1h	61.054	−0.106%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.054	−0.106%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.018	−0.165%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.940	−0.293%	$1.1M	$3.1M	10x	as long as short
Aster DRAMUSDT	+0.0060%	8h	61.103	−0.026%	$197K	$35K	20x	as long as short
edgeX DRAMUSDClong	+0.0071%	4h	61.119	long leg	$148K	$297K	20x
Gate DRAM_USDT	+0.0083%	8h	61.170	+0.084%	$8.0M	$3.7M	75x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	61.040	−0.128%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.046	−0.120%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.050	−0.113%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	−0.080%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.070	−0.080%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.060	−0.096%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0113%	8h	61.095	−0.039%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0128%	1h	61.070	−0.080%	$79.2M	$36.0M	20x	as long as short
BloFin DRAM-USDT	+0.0130%	8h	60.980	−0.227%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0168%	8h	61.122	+0.006%	$43.8M	$85.7M	50x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.074	−0.073%	$76K	$191K	10x	as long as short
MEXC DRAM_USDT	+0.0170%	8h	61.110	−0.015%	$8.1M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	−0.096%	$524K	$74K	20x	as long as short
Lighter DRAM	+0.0200%	1h	61.105	−0.023%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0241%	1h	61.080	−0.064%	$13K	$3K	20x	as long as short