Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0053%/8h= −5.9% APRpaid last 24h +0.017%

Price spread now: Bybit against QFEX+0.013%7-day average +0.061% · 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−$37as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on QFEX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 7 days+0.041%+$4 · spread now +0.013%, 7d avg +0.061%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.048% cheaper against QFEX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.061%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.057%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	60.540	0.0053	pay 0.0007% / 1h	41m 47s	$986K	$85K	10x
Short	Bybit DRAMUSDT	60.548	0	get 0.0000% / 8h	7h 41m	$9.6M	$10.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against QFEX. 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 QFEXbpFee BybitbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$11.22
Price spread: +0.013% → +0.061%: −$4.78
Slippage, 4 orders: −$10.75
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.76
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from QFEX: live order book, 33 min ago; Bybit: 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 QFEX live order book, 33 min ago	3.29 bp	8.3 bp −$8	8.3 bp −$83	16.6 bp −$1,665	doesn't fit
Sell Bybit live order book, 1 min ago	0.83 bp	8.0 bp −$8	13.2 bp −$132	90.1 bp −$9,006	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	−0.0681%	8h	60.560	+0.033%	$26.4M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.564	+0.039%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.522	−0.030%	$76K	$222K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.539	−0.002%	$43.4M	$89.7M	50x	as long as short
Bybit DRAMUSDTshort	0.0000%	8h	60.548	+0.013%	$9.6M	$10.4M	100x
RISEx DRAM/USDC	0.0000%	1h	60.526	−0.024%	$417K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.560	+0.033%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.530	−0.017%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.545	+0.008%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.600	+0.099%	$35K	$208K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX DRAM-USDT	0.0000%	8h	60.520	−0.033%	$786	$2.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	60.500	−0.066%	$12K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.500	−0.066%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.550	+0.017%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0002%	8h	60.560	+0.033%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0012%	8h	60.580	+0.066%	$299K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.542	+0.004%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.520	−0.033%	$47K	$66K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.510	−0.050%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.553	+0.021%	$177K	$473K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.486	−0.089%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.545	+0.008%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.510	−0.050%	$1.0M	$3.5M	10x	as long as short
QFEX DRAM-USDlong	+0.0053%	1h	60.540	long leg	$986K	$85K	10x
edgeX DRAMUSDC	+0.0055%	4h	60.582	+0.070%	$147K	$300K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0080%	1h	60.508	−0.053%	$78.2M	$35.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0094%	8h	60.515	−0.041%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.506	−0.057%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.520	−0.033%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.600	+0.099%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.540	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.512	−0.046%	$4K	—	10x	as long as short
Lighter DRAM	+0.0224%	1h	60.544	+0.007%	$1.1M	$1.2M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	+0.083%	$532K	$86K	20x	as long as short