Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0038%/8hpaid last 24h −0.059%

Price spread now: QFEX against OKX−0.016%7-day average −0.048% · 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−$300.297% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.052%−$5 on $10k

Price spread, last 7 days−0.049%−$5 · spread now −0.016%, 7d avg −0.048%

Together, before fees−0.101%−$10 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 0.032% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.048%. Mind the row above: over the last 3 days funding on this pair cost −0.052%, 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	OKX DRAM-USDT-SWAP	61.720	0	get 0.0000% / 8h	4h 23m	$5.4M	$4.8M	50x
Short	QFEX DRAM-USD	61.710	0.0038	get 0.0005% / 1h	23m 07s	$1.0M	$62K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $8.05
Price spread: −0.016% → −0.048%: $3.19
Slippage, 4 orders: −$9.69
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.45
Costs to cover: 0.297%
Break-even: 23.0 days

Slippage from OKX: live order book, 4 min ago; QFEX: live order book, 4 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 OKX live order book, 4 min ago	0.81 bp	6.9 bp −$7	15.0 bp −$150	63.3 bp −$6,329	doesn't fit
Sell QFEX live order book, 4 min ago	2.43 bp	7.4 bp −$7	7.4 bp −$74	10.4 bp −$1,043	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
Aster DRAMUSDT	0.0000%	8h	61.692	−0.045%	$202K	$28K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	61.700	−0.032%	$74K	$712K	10x	as long as short
OKX DRAM-USDT-SWAPlong	0.0000%	8h	61.720	long leg	$5.4M	$4.8M	50x
RISEx DRAM/USDC	0.0000%	1h	61.720	0.000%	$447K	$426K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.730	+0.016%	$8.2M	$3.4M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	61.700	−0.032%	$11.7M	$6.3M	100x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.700	−0.032%	$25.9M	$11.9M	20x	as long as short
Variational Omni DRAM	0.0000%	8h	61.695	−0.041%	$2.4M	$990K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.733	+0.020%	$35K	$184K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	−0.016%	$956	$3.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DRAM-USDT	0.0000%	8h	61.710	−0.016%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.720	0.000%	$1.8M	$1.2M	10x	as long as short
Binance DRAMUSDT	+0.0002%	8h	61.712	−0.013%	$43.3M	$78.4M	50x	as long as short
QFEX DRAM-USDshort	+0.0038%	1h	61.710	−0.016%	$1.0M	$62K	10x
edgeX DRAMUSDC	+0.0045%	4h	61.727	+0.012%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.113%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.697	−0.037%	$194K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.705	−0.024%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.130%	$1.2M	$1.7M	10x	as long as short
Bybit DRAMUSDT	+0.0082%	8h	61.742	+0.036%	$9.1M	$9.7M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.711	−0.015%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.690	−0.049%	$3.0M	$460K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.730	+0.016%	$22K	$179K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.703	−0.027%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.710	−0.016%	$299K	$26K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0124%	8h	61.704	−0.025%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0144%	1h	61.370	−0.567%	$508K	$41K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0216%	1h	61.702	−0.030%	$1K	$36K	5x	as long as short
tradeXYZ xyz:DRAM	+0.0226%	1h	61.679	−0.066%	$79.3M	$37.2M	20x	as long as short
Lighter DRAM	+0.0280%	1h	61.714	−0.010%	$995K	$1.2M	20x	as long as short
Entropy io:DRAM	+0.0335%	1h	61.681	−0.063%	$244K	$506K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.690	−0.049%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0404%	1h	61.700	−0.032%	$50K	$99K	10x	as long as short