Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.016%

Price spread now: HTX against QFEX+0.065%7-day average — · you sell dearer than you buy

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

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.065% dearer against QFEX than usual: you sell high and buy low (spread +0.065% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	61.080	0.0032	pay 0.0004% / 1h	43m 24s	$998K	$98K	10x
Short	HTX DRAM-USDT	61.120	0	get 0.0000% / 8h	4h 43m	$27K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.065%Rate

Funding earned: −$6.65
Price spread: +0.065% → 0.000%: $6.55
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.1
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: QFEX: live order book, 10 min ago; HTX: no order-book sample. 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 QFEX live order book, 10 min ago	2.45 bp	7.5 bp −$7	7.5 bp −$75	12.5 bp −$1,253	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: 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 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.140	+0.098%	$9.5M	$11.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.140	+0.099%	$459K	$368K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.160	+0.131%	$26.7M	$17.1M	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.120	+0.065%	$805	$2.3M	10x	as long as short
HTX DRAM-USDTshort	0.0000%	8h	61.120	+0.065%	$27K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	61.120	+0.065%	$1.7M	$1.3M	10x	as long as short
Gate DRAM_USDT	+0.0022%	8h	61.160	+0.131%	$7.9M	$3.5M	75x	as long as short
Aftermath Perps DRAMUSD	+0.0026%	1h	61.107	+0.044%	$1K	$26K	5x	as long as short
QFEX DRAM-USDlong	+0.0032%	1h	61.080	long leg	$998K	$98K	10x
Lighter DRAM	+0.0032%	1h	61.131	+0.083%	$1.1M	$1.4M	20x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.100	+0.033%	$59K	$81K	10x	as long as short
edgeX DRAMUSDC	+0.0040%	4h	61.082	+0.004%	$148K	$301K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.040	−0.065%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.067	−0.021%	$295K	$1.7M	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.123	+0.070%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.112	+0.052%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.080	0.000%	$1.1M	$3.7M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.140	+0.098%	$12K	$4K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	61.128	+0.079%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.139	+0.097%	$74K	$31K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.120	+0.065%	$3.0M	$410K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.110	+0.049%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.130	+0.082%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.134	+0.089%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0111%	1h	61.129	+0.080%	$79.4M	$39.0M	20x	as long as short
Aster DRAMUSDT	+0.0160%	8h	61.155	+0.122%	$195K	$28K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0160%	8h	61.150	+0.115%	$5.5M	$6.8M	50x	as long as short
Variational Omni DRAM	+0.0199%	8h	61.079	−0.001%	$2.1M	$686K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0216%	1h	61.140	+0.098%	$536K	$91K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0217%	8h	61.120	+0.065%	$36K	$230K	10x	as long as short
Binance DRAMUSDT	+0.0241%	8h	61.150	+0.115%	$44.2M	$99.5M	50x	as long as short
MEXC DRAM_USDT	+0.0246%	8h	61.140	+0.098%	$9.7M	$5.7M	100x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.130	+0.081%	$97K	$786K	10x	as long as short
BloFin DRAM-USDT	+0.0654%	8h	61.130	+0.082%	$308K	$27K	20x	as long as short