Settings8H · net · $10k
Funding arb · Price arb /

DRAM

RWAall DRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0028%/8h= +3.1% APRnext payment +$0.04 per $10,000 · paid last 24h +0.032%
Price spread now: tradeXYZ against QFEX+0.032%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.354% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.071%+$7 on $10k
Price spread, last 7 days−0.058%−$6 · spread now +0.032%, 7d avg −0.024%
Together, before fees+0.012%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.056% dearer against QFEX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongQFEX DRAM-USD62.4000.0052pay 0.0007% / 1h33m 50s$1.0M$78K10x
ShorttradeXYZ xyz:DRAM62.4200.0080get 0.0010% / 1h33m 50s$81.8M$35.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
$5.89
Price spread: +0.032% → −0.024%
$5.61
Slippage, 4 orders
−$7.42
Fee QFEX: 5 bp × 2 orders
−$10
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$23.92
Costs to cover
0.354%
Break-even
35.4 days
Slippage from QFEX: live order book, 1 min ago; tradeXYZ: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy QFEX live order book, 1 min ago2.40 bp7.4 bp −$77.4 bp −$7413.5 bp −$1,351doesn't fit
Sell tradeXYZ live order book, 6 min ago0.24 bp10.4 bp −$10doesn't fitdoesn't fitdoesn't fit

DRAM on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
RISEx DRAM/USDC0.0000%1h62.416+0.025%$442K$501K20xas long as short
SunX DRAM-USDT0.0000%8h62.430+0.048%$861$2.7M10xas long as short
HTX DRAM-USDT0.0000%8h62.390−0.016%$28K$3K20xas long as short
Phemex DRAMUSDT0.0000%8h62.450+0.080%$1.7M$1.3M10xas long as short
Aftermath Perps DRAMUSD+0.0022%1h62.398−0.004%$1K$32K5xas long as short
Lighter DRAM+0.0032%1h62.434+0.054%$970K$1.0M20xas long as short
Arcus DRAM-USD+0.0040%1h62.410+0.016%$49K$79K10xas long as short
Vest DRAM-USD-PERP+0.0046%1h62.4000.000%10xas long as short
Polymarket Perps DRAM-USD+0.0050%1h62.396−0.006%$267K$1.3M10xas long as short
SoDEX DRAM-USD+0.0050%1h62.433+0.053%$2K$15K20xas long as short
Show all 34 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps DRAM-USD.P+0.0050%1h62.380−0.032%$1.1M$2.2M10xas long as short
QFEX DRAM-USDlong+0.0052%1h62.400long leg$1.0M$78K10x
GRVT DRAM_USDT_Perp+0.0061%8h62.434+0.054%$37K$168K10xas long as short
tradeXYZ xyz:DRAMshort+0.0080%1h62.420+0.032%$81.8M$35.4M20x
edgeX DRAMUSDC+0.0084%4h62.422+0.035%$151K$297K20xas long as short
Paradex DRAM-USD-PERP+0.0091%8h62.405+0.008%5xas long as short
Pacifica DRAM+0.0100%1h62.422+0.036%$76K$44K10xas long as short
KuCoin DRAMUSDTM+0.0100%8h62.420+0.032%$3.0M$393K20xas long as short
ApeX Omni DRAMUSDT+0.0100%1h62.430+0.048%$22K$186K50xas long as short
Orderly PERP_DRAM_USDC_mythos+0.0100%8h62.450+0.080%$9K10xas long as short
Bitget DRAMUSDT+0.0101%8h62.450+0.080%$26.3M$13.2M20xas long as short
Aevo DRAM-PERP+0.0104%1h62.448+0.077%$4K10xas long as short
OKX DRAM-USDT-SWAP+0.0130%8h62.430+0.048%$5.5M$4.4M50xas long as short
Coinbase International DRAM-PERP-INTX+0.0152%1h62.330−0.112%$535K$75K20xas long as short
Entropy io:DRAM+0.0169%1h62.398−0.003%$198K$436K25xas long as short
Bybit DRAMUSDT+0.0185%8h62.470+0.112%$9.7M$9.7M100xas long as short
Deribit DRAM_USDC-PERPETUAL+0.0231%1h62.440+0.064%$13K$3K20xas long as short
Aster DRAMUSDT+0.0299%8h62.456+0.090%$201K$35K20xas long as short
Variational Omni DRAM+0.0380%8h62.424+0.039%$2.4M$753Kas long as short
Extended DRAM-USD+0.0416%1h62.435+0.055%$75K$621K10xas long as short
Binance DRAMUSDT+0.0416%8h62.452+0.084%$45.0M$80.2M50xas long as short
MEXC DRAM_USDT+0.0418%8h62.450+0.080%$9.2M$5.4M100xas long as short
BloFin DRAM-USDT+0.0538%8h62.430+0.048%$302K$26K20xas long as short
Gate DRAM_USDT+0.0621%8h62.470+0.112%$8.2M$3.5M75xas long as short