Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h −0.006%

Price spread now: QFEX against edgeX−0.088%7-day average +0.005% · 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−$39as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.088%, 7d avg +0.005%

Together, before fees+0.055%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: QFEX is 0.093% cheaper against edgeX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX DRAMUSDC	61.104	0.0031	pay 0.0015% / 4h	1h 15m	$148K	$299K	20x
Short	QFEX DRAM-USD	61.050	0.0039	get 0.0005% / 1h	15m 14s	$994K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against edgeX. 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 edgeXbpFee QFEXbpOrdersPrice spread, now −0.088%Rate

Funding earned: $1.78
Price spread: −0.088% → +0.005%: −$9.3
Slippage, 4 orders: −$10.65
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$37.17
Costs to cover: 0.296%
Break-even: 153.4 days

Slippage from edgeX: live order book, 28 min ago; QFEX: live order book, 5 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 edgeX live order book, 28 min ago	2.45 bp	7.3 bp −$7	16.0 bp −$160	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	2.45 bp	7.5 bp −$7	7.5 bp −$75	13.3 bp −$1,327	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	−0.0601%	8h	61.070	−0.055%	$26.0M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.075	−0.047%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.087	−0.028%	$9.4M	$10.3M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.060	−0.072%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.036	−0.111%	$423K	$351K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.100	−0.006%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.134	+0.049%	$36K	$203K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.040	−0.105%	$730	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.020	−0.137%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.050	−0.088%	$1.7M	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni DRAM	+0.0011%	8h	61.034	−0.114%	$2.3M	$683K	—	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.066	−0.063%	$1K	$30K	5x	as long as short
edgeX DRAMUSDClong	+0.0031%	4h	61.104	long leg	$148K	$299K	20x
QFEX DRAM-USDshort	+0.0039%	1h	61.050	−0.088%	$994K	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.070	−0.055%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.060	−0.072%	—	—	10x	as long as short
BloFin DRAM-USDT	+0.0048%	8h	61.050	−0.088%	$298K	$26K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.049	−0.090%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.016	−0.144%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.045	−0.096%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.990	−0.186%	$1.1M	$3.5M	10x	as long as short
Extended DRAM-USD	+0.0064%	1h	61.020	−0.137%	$74K	$190K	10x	as long as short
Binance DRAMUSDT	+0.0068%	8h	61.042	−0.101%	$43.7M	$88.0M	50x	as long as short
MEXC DRAM_USDT	+0.0070%	8h	61.030	−0.121%	$8.0M	$5.7M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	61.030	−0.121%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0086%	8h	61.045	−0.096%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0097%	1h	61.023	−0.132%	$79.0M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.054	−0.082%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.030	−0.121%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.110	+0.010%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.030	−0.121%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.045	−0.096%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.010%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0224%	1h	61.077	−0.044%	$1.1M	$1.2M	20x	as long as short