Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h −0.018%

Price spread now: SunX against QFEX+0.032%7-day average −0.005% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.032%, 7d avg −0.005%

Together, before fees−0.078%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.037% dearer against QFEX than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of −0.005%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 3 days (−0.019% in total) that is about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	62.390	0.0160	pay 0.0020% / 1h	47m 08s	$1.0M	$78K	10x
Short	SunX DRAM-USDT	62.410	0	get 0.0000% / 8h	7h 47m	$584	$3.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$33.6
Price spread: +0.032% → −0.005%: $3.72
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$47.88
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 3 min ago; SunX: live order book, 10 min ago. Net counts fees only.

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, 3 min ago	2.41 bp	7.4 bp −$7	8.7 bp −$87	15.4 bp −$1,543	doesn't fit
Sell SunX live order book, 10 min ago	45.88 bp	doesn't fit	doesn't fit	doesn't fit	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
SunX DRAM-USDTshort	0.0000%	8h	62.410	+0.032%	$584	$3.1M	10x
HTX DRAM-USDT	0.0000%	8h	62.250	−0.224%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.410	+0.032%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0001%	4h	62.288	−0.163%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	62.236	−0.246%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.096%	—	—	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.398	+0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.250	−0.224%	$1.2M	$1.7M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.434	+0.071%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.330	−0.096%	$3.0M	$447K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni DRAMUSDT	+0.0100%	1h	62.240	−0.240%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.396	+0.010%	$4K	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0126%	1h	62.384	−0.010%	$267K	$1.3M	10x	as long as short
QFEX DRAM-USDlong	+0.0160%	1h	62.390	long leg	$1.0M	$78K	10x
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.753%	$535K	$95K	20x	as long as short
Lighter DRAM	+0.0192%	1h	62.419	+0.046%	$977K	$1.2M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0214%	8h	62.420	+0.048%	$5.5M	$4.7M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0222%	8h	62.436	+0.074%	—	—	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.400	+0.016%	$13K	$3K	20x	as long as short
Bitget DRAMUSDT	+0.0298%	8h	62.400	+0.016%	$26.4M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0344%	8h	62.300	−0.144%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0419%	8h	62.255	−0.216%	$2.4M	$756K	—	as long as short
tradeXYZ xyz:DRAM	+0.0456%	1h	62.399	+0.014%	$81.8M	$39.5M	20x	as long as short
MEXC DRAM_USDT	+0.0469%	8h	62.400	+0.016%	$10.1M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0477%	8h	62.418	+0.045%	$44.6M	$81.5M	50x	as long as short
Extended DRAM-USD	+0.0480%	1h	62.397	+0.012%	$75K	$767K	10x	as long as short
Entropy io:DRAM	+0.0490%	1h	62.260	−0.208%	$254K	$475K	25x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.290	−0.160%	$51K	$84K	10x	as long as short
Bybit DRAMUSDT	+0.0644%	8h	62.470	+0.128%	$9.7M	$10.5M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0670%	8h	62.300	−0.144%	$37K	$164K	10x	as long as short
Gate DRAM_USDT	+0.0705%	8h	62.420	+0.048%	$8.3M	$3.4M	75x	as long as short
BloFin DRAM-USDT	+0.0832%	8h	62.430	+0.064%	$297K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.392	+0.002%	$455K	$492K	20x	as long as short