Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0045%/8h= +5.0% APRpaid last 24h +0.013%

Price spread now: KuCoin against QFEX+0.016%7-day average +0.002% · 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−$86as in the Price arb table

costs, in and out, $10k−$870.871% of the position

Long on QFEX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.068%+$7 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.016%, 7d avg +0.002%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	62.180	0.0055	pay 0.0007% / 1h	46m 18s	$1.0M	$78K	10x
Short	KuCoin DRAMUSDTM	62.190	0.0100	get 0.0100% / 8h	5h 46m	$3.0M	$404K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.016%Rate

Funding earned: $9.53
Price spread: +0.016% → +0.002%: $1.42
Slippage, 4 orders: −$65.08
Fee QFEX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$76.13
Costs to cover: 0.871%
Break-even: 62.9 days

Slippage from QFEX: live order book, 3 min ago; KuCoin: live order book, 6 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, 3 min ago	2.41 bp	7.4 bp −$7	8.7 bp −$87	15.5 bp −$1,554	doesn't fit
Sell KuCoin live order book, 6 min ago	1.61 bp	33.2 bp −$33	doesn't fit	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.200	+0.033%	$441K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.220	+0.064%	$918	$2.8M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	62.170	−0.016%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	+0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.190	+0.016%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0031%	1h	62.213	+0.054%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	+0.080%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.180	0.000%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.181	+0.002%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.185	+0.008%	$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	62.170	−0.016%	$1.1M	$2.0M	10x	as long as short
QFEX DRAM-USDlong	+0.0055%	1h	62.180	long leg	$1.0M	$78K	10x
Entropy io:DRAM	+0.0065%	1h	62.209	+0.047%	$253K	$421K	25x	as long as short
Lighter DRAM	+0.0080%	1h	62.177	−0.005%	$966K	$1.0M	20x	as long as short
edgeX DRAMUSDC	+0.0080%	4h	62.274	+0.151%	$151K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.192	+0.019%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	62.190	+0.016%	$3.0M	$404K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	62.290	+0.177%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.220	+0.064%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.212	+0.052%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0127%	8h	62.210	+0.048%	$26.2M	$13.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0140%	8h	62.200	+0.032%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0166%	1h	62.175	−0.008%	$81.9M	$37.0M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.225%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0201%	8h	62.210	+0.048%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0231%	8h	62.312	+0.212%	$36K	$155K	10x	as long as short
Bybit DRAMUSDT	+0.0268%	8h	62.237	+0.092%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0419%	8h	62.225	+0.073%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0513%	8h	62.303	+0.198%	$2.4M	$710K	—	as long as short
Gate DRAM_USDT	+0.0524%	8h	62.240	+0.096%	$8.1M	$3.5M	75x	as long as short
Binance DRAMUSDT	+0.0540%	8h	62.190	+0.016%	$44.6M	$81.5M	50x	as long as short
MEXC DRAM_USDT	+0.0543%	8h	62.190	+0.016%	$9.6M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0544%	1h	62.176	−0.007%	$75K	$669K	10x	as long as short
BloFin DRAM-USDT	+0.0826%	8h	62.270	+0.145%	—	$26K	20x	as long as short