Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0043%/8h= +4.8% APRpaid last 24h —

Price spread now: Paradex against QFEX−0.030%7-day average — · you buy dearer than you sell

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

Long on QFEX Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.030% cheaper against QFEX than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX DRAM-USD	62.000	0.0036	pay 0.0005% / 1h	43m 11s	$1.0M	$78K	10x
Short	Paradex DRAM-USD-PERP	61.981	0.0080	get 0.0080% / 8h	3h 43m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.030%Rate

Funding earned: $9.12
Price spread: −0.030% → 0.000%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee QFEX: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$7.92
Costs to cover: 0.140%
Break-even: 13.1 days

Slippage unknown: QFEX: live order book, 6 min ago; Paradex: 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, 6 min ago	2.42 bp	7.4 bp −$7	7.4 bp −$74	13.1 bp −$1,311	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	62.009	+0.014%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.060	+0.097%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.020	+0.032%	$36K	$182K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.020	+0.032%	$731	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.040	+0.065%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.134%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.028	+0.045%	$1K	$32K	5x	as long as short
QFEX DRAM-USDlong	+0.0036%	1h	62.000	long leg	$1.0M	$78K	10x
Arcus DRAM-USD	+0.0040%	1h	62.010	+0.016%	$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	61.970	−0.048%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.012	+0.019%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.994	−0.010%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.998	−0.003%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	0.000%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0069%	8h	62.060	+0.097%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERPshort	+0.0080%	8h	61.981	−0.030%	—	—	5x
Bybit DRAMUSDT	+0.0099%	8h	62.052	+0.084%	$9.7M	$9.7M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	62.016	+0.025%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.000	0.000%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.040	+0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.030	+0.048%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.035	+0.056%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.177%	$533K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0133%	1h	62.000	0.000%	$81.1M	$35.6M	20x	as long as short
Lighter DRAM	+0.0136%	1h	62.016	+0.026%	$1.0M	$1.2M	20x	as long as short
Aster DRAMUSDT	+0.0180%	8h	62.035	+0.057%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.087%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0275%	8h	62.020	+0.032%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0295%	8h	62.034	+0.055%	$44.4M	$80.6M	50x	as long as short
Extended DRAM-USD	+0.0296%	1h	62.008	+0.014%	$76K	$657K	10x	as long as short
MEXC DRAM_USDT	+0.0298%	8h	62.030	+0.048%	$8.2M	$5.5M	100x	as long as short
Gate DRAM_USDT	+0.0541%	8h	62.050	+0.081%	$8.1M	$3.5M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0557%	1h	62.010	+0.016%	$13K	$3K	20x	as long as short