Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.026%

Price spread now: QFEX against Aster−0.083%7-day average +0.002% · 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−$46as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Aster Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.083%, 7d avg +0.002%

Together, before fees+0.071%+ Points / potential airdropAster: Stage 5 · farm board+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and QFEX is 0.085% cheaper against Aster than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.046% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	62.422	0.0361	pay 0.0361% / 8h	5h 04m	$201K	$36K	20x
Short	QFEX DRAM-USD	62.370	0.0055	get 0.0007% / 1h	4m 25s	$1.0M	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Aster. 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 AsterbpFee QFEXbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$64.39
Price spread: −0.083% → +0.002%: −$8.51
Slippage, 4 orders: −$19.29
Fee Aster: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$110.2
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Aster: live order book, 57 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 Aster live order book, 57 min ago	2.41 bp	13.4 bp −$13	36.5 bp −$365	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.40 bp	7.4 bp −$7	8.7 bp −$87	14.6 bp −$1,460	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
RISEx DRAM/USDC	0.0000%	1h	62.390	−0.051%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.410	−0.019%	$829	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.390	−0.051%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.420	−0.003%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	62.363	−0.094%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.370	−0.083%	$51K	$80K	10x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	62.379	−0.068%	$151K	$297K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.350	−0.115%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.365	−0.091%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.407	−0.024%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.330	−0.147%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USDshort	+0.0055%	1h	62.370	−0.083%	$1.0M	$78K	10x
Entropy io:DRAM	+0.0094%	1h	62.347	−0.120%	$246K	$413K	25x	as long as short
Lighter DRAM	+0.0096%	1h	62.395	−0.043%	$970K	$1.0M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.364	−0.093%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.067%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.330	−0.147%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	−0.019%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0103%	8h	62.400	−0.035%	$26.3M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.422	0.000%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0120%	8h	62.398	−0.038%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0126%	8h	62.387	−0.056%	$36K	$162K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0171%	8h	62.410	−0.019%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0177%	1h	62.369	−0.085%	$81.8M	$36.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.612%	$534K	$74K	20x	as long as short
Bybit DRAMUSDT	+0.0248%	8h	62.450	+0.045%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDTlong	+0.0361%	8h	62.422	long leg	$201K	$36K	20x
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.410	−0.019%	$13K	$3K	20x	as long as short
Variational Omni DRAM	+0.0441%	8h	62.393	−0.046%	$2.4M	$717K	—	as long as short
MEXC DRAM_USDT	+0.0479%	8h	62.380	−0.067%	$9.2M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0479%	8h	62.390	−0.051%	$44.9M	$80.9M	50x	as long as short
Extended DRAM-USD	+0.0480%	1h	62.384	−0.060%	$76K	$637K	10x	as long as short
Gate DRAM_USDT	+0.0574%	8h	62.450	+0.045%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0696%	8h	62.380	−0.067%	$302K	$26K	20x	as long as short