DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0113%/8h= −12.4% APRnext payment −$0.14 per $10,000 · paid last 24h −0.048%

Price spread now: QFEX against Coinbase International+0.568%7-day average +0.163% · 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+$5as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Coinbase International Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.113%−$11 on $10k

Price spread, last 3 days (all we have)−0.614%−$61 · spread now +0.568%, 7d avg +0.163%

Together, before fees−0.727%−$73 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.405% dearer against Coinbase International than usual: you sell high and buy low (spread +0.568% now, against its 7-day average of +0.163%): +$41 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.580	0.0192	pay 0.0024% / 1h	44m 05s	$510K	$43K	20x
Short	QFEX DRAM-USD	61.930	0.0079	get 0.0010% / 1h	44m 05s	$1.0M	$80K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Coinbase International. 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 Coinbase InternationalbpFee QFEXbpOrdersPrice spread, now +0.568%Rate

Funding earned: −$23.69
Price spread: +0.568% → +0.163%: $40.54
Slippage, 4 orders: −$15.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$18.62
Costs to cover: 0.355%
Break-even: from the start

Slippage from Coinbase International: live order book, 34 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 Coinbase International live order book, 34 min ago	3.24 bp	12.4 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit
Sell QFEX live order book, 1 min ago	2.42 bp	7.4 bp −$7	7.4 bp −$74	12.4 bp −$1,239	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
Gate DRAM_USDT	0.0000%	8h	62.000	+0.682%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.970	+0.633%	$826	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.920	+0.552%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.850	+0.438%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.955	+0.609%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.860	+0.455%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.951	+0.602%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.980	+0.650%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	+0.520%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.944	+0.590%	$153K	$290K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USDshort	+0.0079%	1h	61.930	+0.568%	$1.0M	$80K	10x
Pacifica DRAM	+0.0100%	1h	61.980	+0.649%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.920	+0.552%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.970	+0.633%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.980	+0.650%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.989	+0.664%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0140%	8h	61.980	+0.650%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0143%	8h	61.960	+0.617%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0169%	8h	61.999	+0.680%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0170%	8h	61.973	+0.638%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0176%	8h	61.941	+0.586%	$36K	$178K	10x	as long as short
Lighter DRAM	+0.0192%	1h	61.973	+0.638%	$978K	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0192%	1h	61.580	long leg	$510K	$43K	20x
Variational Omni DRAM	+0.0261%	8h	61.987	+0.661%	$2.4M	$948K	—	as long as short
Bybit DRAMUSDT	+0.0275%	8h	62.024	+0.721%	$9.4M	$10.5M	100x	as long as short
Entropy io:DRAM	+0.0291%	1h	61.902	+0.523%	$260K	$502K	25x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.976	+0.643%	$457K	$475K	20x	as long as short
MEXC DRAM_USDT	+0.0298%	8h	61.970	+0.633%	$11.2M	$6.5M	100x	as long as short
tradeXYZ xyz:DRAM	+0.0302%	1h	61.967	+0.628%	$80.4M	$39.9M	20x	as long as short
Binance DRAMUSDT	+0.0302%	8h	61.974	+0.640%	$43.9M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0304%	1h	61.961	+0.619%	$77K	$766K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	61.970	+0.633%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0552%	8h	61.980	+0.650%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.960	+0.617%	$50K	$89K	10x	as long as short