Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.016%

Price spread now: QFEX against SunX−0.033%7-day average +0.003% · you buy dearer than you sell

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

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.033%, 7d avg +0.003%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.036% cheaper against SunX than usual: you would sell low and buy high (spread −0.033% now, against its 7-day average of +0.003%). If the spread goes back, that is −$4 on $10k: about 3.0 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	SunX DRAM-USDT	60.980	0	get 0.0000% / 8h	35m 53s	$874	$2.6M	10x
Short	QFEX DRAM-USD	60.960	0.0040	get 0.0005% / 1h	35m 53s	$993K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. 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 SunXbpFee QFEXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $8.47
Price spread: −0.033% → +0.003%: −$3.6
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$13.13
Costs to cover: 0.180%
Break-even: 17.9 days

Slippage unknown: SunX: live order book, 12 min ago; QFEX: live order book, 44 min ago. 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 SunX live order book, 12 min ago	46.72 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 44 min ago	2.45 bp	7.5 bp −$7	7.5 bp −$75	13.3 bp −$1,327	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
Bitget DRAMUSDT	−0.0744%	8h	61.030	+0.082%	$26.4M	$15.0M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.956	−0.040%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.019	+0.064%	$9.6M	$10.4M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.965	−0.024%	$422K	$341K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.030	+0.082%	$8.0M	$3.7M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.953	−0.044%	$2.3M	$580K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.996	+0.026%	$36K	$205K	10x	as long as short
SunX DRAM-USDTlong	0.0000%	8h	60.980	long leg	$874	$2.6M	10x
HTX DRAM-USDT	0.0000%	8h	60.960	−0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.980	0.000%	$1.7M	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0010%	8h	61.000	+0.033%	$5.4M	$6.0M	50x	as long as short
BloFin DRAM-USDT	+0.0028%	8h	61.000	+0.033%	$297K	$26K	20x	as long as short
Extended DRAM-USD	+0.0032%	1h	60.953	−0.044%	$77K	$196K	10x	as long as short
MEXC DRAM_USDT	+0.0032%	8h	60.970	−0.016%	$7.7M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0032%	8h	60.970	−0.016%	$43.7M	$88.7M	50x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	60.987	+0.011%	$1K	$30K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.950	−0.049%	$47K	$67K	10x	as long as short
QFEX DRAM-USDshort	+0.0040%	1h	60.960	−0.033%	$993K	$84K	10x
Vest DRAM-USD-PERP	+0.0046%	1h	60.940	−0.066%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.929	−0.084%	$179K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.956	−0.039%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.973	−0.011%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.890	−0.148%	$1.1M	$3.5M	10x	as long as short
edgeX DRAMUSDC	+0.0070%	4h	60.968	−0.019%	$148K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.986	+0.010%	$73K	$38K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.950	−0.049%	$3.0M	$422K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.040	+0.098%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.970	−0.016%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	60.963	−0.028%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.965	−0.024%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.910	−0.115%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0201%	1h	60.953	−0.044%	$78.8M	$35.9M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0242%	1h	60.960	−0.033%	$13K	$3K	20x	as long as short
Lighter DRAM	+0.0368%	1h	60.989	+0.015%	$1.1M	$1.2M	20x	as long as short