DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0329%/8h= −36.0% APRnext payment −$0.41 per $10,000 · paid last 24h +0.006%

Price spread now: Lighter against Arcus+0.058%7-day average +0.070% · you sell dearer than you buy

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

Long on Arcus Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now +0.058%, 7d avg +0.070%

Together, before fees+0.009%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.014% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.41 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus DRAM-USD	61.770	0.0649	pay 0.0081% / 1h	29m 16s	$50K	$92K	10x
Short	Lighter DRAM	61.806	0.0320	get 0.0040% / 1h	29m 16s	$993K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Arcus. 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 ArcusbpFee LighterbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$69.08
Price spread: +0.058% → +0.070%: −$1.14
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$74.72
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: no order-book sample; Lighter: live order book, 2 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 Arcus no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	0.89 bp	0.9 bp −$1	2.2 bp −$22	42.9 bp −$4,291	doesn't fit

Arcus: 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
Gate DRAM_USDT	0.0000%	8h	61.790	+0.032%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.800	+0.049%	$824	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.700	−0.113%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	+0.065%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.709	−0.099%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.700	−0.113%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.681	−0.144%	$254K	$504K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.748	−0.036%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.769	−0.002%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.700	−0.113%	$1.2M	$1.7M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0052%	1h	61.770	0.000%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.737	−0.054%	$153K	$290K	20x	as long as short
Aster DRAMUSDT	+0.0100%	8h	61.740	−0.049%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.693	−0.124%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.740	−0.049%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.130%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.793	+0.037%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.800	+0.049%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0109%	8h	61.820	+0.081%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0137%	8h	61.740	−0.049%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0163%	8h	61.745	−0.040%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.069%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.308%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0225%	8h	61.840	+0.113%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.780	+0.016%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.789	+0.030%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0233%	8h	61.800	+0.049%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.778	+0.012%	$480K	$442K	20x	as long as short
Lighter DRAMshort	+0.0320%	1h	61.806	+0.058%	$993K	$1.2M	20x
tradeXYZ xyz:DRAM	+0.0324%	1h	61.759	−0.018%	$79.3M	$39.5M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.790	+0.032%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0432%	8h	61.770	0.000%	$294K	$27K	20x	as long as short
Arcus DRAM-USDlong	+0.0649%	1h	61.770	long leg	$50K	$92K	10x