Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.057%

Price spread now: Gate against QFEX+0.032%7-day average +0.056% · 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−$45as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.090%−$9 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.032%, 7d avg +0.056%

Together, before fees−0.026%−$3 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 Gate is 0.024% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.056%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.780	0.0052	pay 0.0007% / 1h	4m 58s	$1.0M	$80K	10x
Short	Gate DRAM_USDT	61.800	0	get 0.0000% / 8h	1h 04m	$8.3M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.032%Rate

Funding earned: −$11
Price spread: +0.032% → +0.056%: −$2.37
Slippage, 4 orders: −$17.74
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.11
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from QFEX: live order book, 9 min ago; Gate: live order book, 4 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, 9 min ago	2.43 bp	7.4 bp −$7	7.4 bp −$74	13.4 bp −$1,338	doesn't fit
Sell Gate live order book, 4 min ago	1.62 bp	13.3 bp −$13	21.0 bp −$210	27.2 bp −$2,722	59.6 bp −$29.8K

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_USDTshort	0.0000%	8h	61.800	+0.032%	$8.3M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	61.790	+0.016%	$885	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.760	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.800	+0.032%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	0.0000%	4h	61.763	−0.028%	$153K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.766	−0.023%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.740	−0.065%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.718	−0.100%	$260K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.770	−0.016%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.787	+0.011%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.730	−0.081%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USDlong	+0.0052%	1h	61.780	long leg	$1.0M	$80K	10x
Pacifica DRAM	+0.0100%	1h	61.737	−0.069%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	−0.016%	$3.0M	$477K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.770	−0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	0.000%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.802	+0.035%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0111%	8h	61.747	−0.053%	$199K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0116%	8h	61.780	0.000%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0120%	8h	61.800	+0.032%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.782	+0.003%	$36K	$181K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0156%	8h	61.785	+0.008%	—	—	5x	as long as short
Variational Omni DRAM	+0.0201%	8h	61.767	−0.022%	$2.4M	$938K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.324%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0240%	8h	61.848	+0.110%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0244%	8h	61.790	+0.016%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0245%	8h	61.798	+0.029%	$43.9M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.787	+0.011%	$77K	$766K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.793	+0.021%	$455K	$475K	20x	as long as short
Lighter DRAM	+0.0272%	1h	61.796	+0.026%	$968K	$1.2M	20x	as long as short
tradeXYZ xyz:DRAM	+0.0286%	1h	61.779	−0.002%	$79.3M	$39.3M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.780	0.000%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0476%	8h	61.760	−0.032%	$294K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	−0.016%	$50K	$91K	10x	as long as short