Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.029%

Price spread now: QFEX against OKX−0.066%7-day average −0.046% · 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−$32as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on OKX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.062%−$6 on $10k

Price spread, last 7 days+0.045%+$4 · spread now −0.066%, 7d avg −0.046%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.020% cheaper against OKX than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.046%). If the spread goes back, that is −$2 on $10k: about 40 hours of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.062%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	60.870	0	get 0.0000% / 8h	55m 36s	$5.4M	$6.0M	50x
Short	QFEX DRAM-USD	60.830	0.0040	get 0.0005% / 1h	55m 36s	$991K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against OKX. 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 OKXbpFee QFEXbpOrdersPrice spread, now −0.066%Rate

Funding earned: $8.47
Price spread: −0.066% → −0.046%: −$2
Slippage, 4 orders: −$10.15
Fee OKX: 5 bp × 2 orders: −$10
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$23.68
Costs to cover: 0.301%
Break-even: 26.6 days

Slippage from OKX: live order book, 2 min ago; QFEX: live order book, 24 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 OKX live order book, 2 min ago	0.82 bp	7.2 bp −$7	15.3 bp −$153	doesn't fit	doesn't fit
Sell QFEX live order book, 24 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	−0.0726%	8h	60.890	+0.033%	$26.1M	$14.8M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.853	−0.029%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.875	+0.008%	$9.4M	$10.2M	100x	as long as short
OKX DRAM-USDT-SWAPlong	0.0000%	8h	60.870	long leg	$5.4M	$6.0M	50x
RISEx DRAM/USDC	0.0000%	1h	60.837	−0.054%	$417K	$346K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.910	+0.066%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.884	+0.023%	$2.3M	$582K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.898	+0.045%	$36K	$204K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.870	0.000%	$839	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.880	+0.016%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDT	0.0000%	8h	60.890	+0.033%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	60.882	+0.020%	$1K	$30K	5x	as long as short
Extended DRAM-USD	+0.0040%	1h	60.833	−0.062%	$74K	$190K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.860	−0.016%	$47K	$67K	10x	as long as short
QFEX DRAM-USDshort	+0.0040%	1h	60.830	−0.066%	$991K	$84K	10x
Binance DRAMUSDT	+0.0041%	8h	60.870	0.000%	$43.6M	$88.3M	50x	as long as short
MEXC DRAM_USDT	+0.0041%	8h	60.840	−0.049%	$7.7M	$5.7M	100x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.850	−0.033%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.846	−0.039%	$179K	$482K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.852	−0.030%	$253K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.855	−0.025%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.800	−0.115%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	60.867	−0.005%	$148K	$297K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0077%	1h	60.828	−0.069%	$78.7M	$35.9M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0084%	8h	60.829	−0.067%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.857	−0.021%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.840	−0.049%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.990	+0.197%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.850	−0.033%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.845	−0.041%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	60.870	0.000%	$298K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	61.110	+0.394%	$525K	$75K	20x	as long as short
Lighter DRAM	+0.0240%	1h	60.871	+0.002%	$1.1M	$1.2M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0408%	1h	60.840	−0.049%	$13K	$3K	20x	as long as short