Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h —

Price spread now: QFEX against Paradex+0.025%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. QFEX is 0.025% dearer against Paradex than usual: you sell high and buy low (spread +0.025% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DRAM-USD-PERP	61.604	0.0112	pay 0.0112% / 8h	3h 06m	—	—	5x
Short	QFEX DRAM-USD	61.620	0.0036	get 0.0005% / 1h	6m 31s	$1.0M	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Paradex. 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 ParadexbpFee QFEXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$15.88
Price spread: +0.025% → 0.000%: $2.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$27.36
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; QFEX: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell QFEX live order book, 4 min ago	2.44 bp	7.4 bp −$7	7.4 bp −$74	13.6 bp −$1,362	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	61.622	+0.028%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.650	+0.074%	$26.0M	$13.7M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.527	−0.125%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.550	−0.088%	$785	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.680	+0.123%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.570	−0.056%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0015%	4h	61.519	−0.138%	$149K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.581	−0.039%	$1K	$31K	5x	as long as short
QFEX DRAM-USDshort	+0.0036%	1h	61.620	+0.025%	$1.0M	$84K	10x
Arcus DRAM-USD	+0.0040%	1h	61.560	−0.072%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.580	−0.040%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.572	−0.053%	$170K	$464K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.623	+0.030%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.538	−0.108%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.550	−0.088%	$1.1M	$2.5M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0053%	8h	61.650	+0.074%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0067%	8h	61.667	+0.101%	$9.6M	$9.9M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.589	−0.026%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.590	−0.024%	$3.0M	$399K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.550	−0.088%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.560	−0.072%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.562	−0.068%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.510	−0.153%	$528K	$74K	20x	as long as short
Paradex DRAM-USD-PERPlong	+0.0112%	8h	61.604	long leg	—	—	5x
Aster DRAMUSDT	+0.0130%	8h	61.606	+0.002%	$198K	$35K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0140%	1h	61.602	−0.004%	$80.1M	$35.6M	20x	as long as short
Variational Omni DRAM	+0.0190%	8h	61.564	−0.066%	$2.4M	$740K	—	as long as short
Lighter DRAM	+0.0208%	1h	61.613	+0.014%	$1.1M	$1.2M	20x	as long as short
BloFin DRAM-USDT	+0.0210%	8h	61.570	−0.056%	$299K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0244%	8h	61.624	+0.032%	$44.0M	$82.2M	50x	as long as short
MEXC DRAM_USDT	+0.0244%	8h	61.620	+0.025%	$9.0M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.608	+0.006%	$75K	$239K	10x	as long as short
Gate DRAM_USDT	+0.0339%	8h	61.660	+0.090%	$8.1M	$3.6M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0400%	1h	61.550	−0.088%	$13K	$3K	20x	as long as short