Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.085%

Price spread now: BloFin against QFEX+0.033%7-day average +0.008% · 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−$32as in the Price arb table

costs, in and out, $10k−$340.345% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.116%+$12 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.033%, 7d avg +0.008%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.025% dearer against QFEX than usual: you sell high and buy low: +$2 more if the spread 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	QFEX DRAM-USD	61.220	0.0039	pay 0.0005% / 1h	51m 04s	$998K	$84K	10x
Short	BloFin DRAM-USDT	61.240	0.0137	get 0.0137% / 8h	1h 51m	$300K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against QFEX. 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 QFEXbpFee BloFinbpOrdersPrice spread, now +0.033%Rate

Funding earned: $20.6
Price spread: +0.033% → +0.008%: $2.5
Slippage, 4 orders: −$12.47
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.38
Costs to cover: 0.345%
Break-even: 10.9 days

Slippage from QFEX: live order book, 4 min ago; BloFin: live order book, 34 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 QFEX live order book, 4 min ago	2.45 bp	7.4 bp −$7	8.7 bp −$87	14.5 bp −$1,452	doesn't fit
Sell BloFin live order book, 34 min ago	1.63 bp	10.9 bp −$11	20.6 bp −$206	58.9 bp −$5,890	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	−0.0450%	8h	61.320	+0.163%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.317	+0.158%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.236	+0.026%	$424K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.330	+0.180%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.281	+0.099%	$36K	$199K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.270	+0.082%	$875	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.200	−0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.280	+0.098%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.257	+0.060%	$1K	$31K	5x	as long as short
Aster DRAMUSDT	+0.0033%	8h	61.274	+0.089%	$197K	$35K	20x	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	+0.0035%	8h	61.320	+0.163%	$5.4M	$5.6M	50x	as long as short
QFEX DRAM-USDlong	+0.0039%	1h	61.220	long leg	$998K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.240	+0.033%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.230	+0.016%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.232	+0.020%	$169K	$468K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.218	−0.003%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.228	+0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.210	−0.016%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0091%	8h	61.274	+0.089%	$2.3M	$682K	—	as long as short
edgeX DRAMUSDC	+0.0093%	4h	61.247	+0.044%	$148K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.244	+0.039%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.230	+0.016%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.290	+0.114%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.240	+0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.242	+0.036%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0105%	1h	61.259	+0.064%	$79.3M	$35.8M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0106%	8h	61.230	+0.017%	—	—	5x	as long as short
Extended DRAM-USD	+0.0136%	1h	61.294	+0.120%	$74K	$190K	10x	as long as short
BloFin DRAM-USDTshort	+0.0137%	8h	61.240	+0.033%	$300K	$26K	20x
Binance DRAMUSDT	+0.0138%	8h	61.298	+0.127%	$43.9M	$87.2M	50x	as long as short
MEXC DRAM_USDT	+0.0140%	8h	61.270	+0.082%	$8.0M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.180%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0168%	1h	61.262	+0.069%	$1.1M	$1.1M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.230	+0.016%	$13K	$3K	20x	as long as short