Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.008%

Price spread now: Lighter against Binance+0.010%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.146% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 2 days (all we have)+0.031%+$3 · spread now +0.010%, 7d avg +0.002%

Together, before fees+0.142%+ Points / potential airdropLighter: Season 3 · farm board+$14 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. Mind the row above: over the last 7 days funding on this pair paid +0.111%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	61.627	0.0249	pay 0.0249% / 8h	2h 21m	$43.7M	$82.6M	50x
Short	Lighter DRAM	61.633	0.0216	get 0.0027% / 1h	21m 40s	$991K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$6.92
Price spread: +0.010% → +0.002%: $0.73
Slippage, 4 orders: −$4.58
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.78
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Lighter: live order book, 4 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 Binance live order book, 6 min ago	0.81 bp	6.1 bp −$6	9.7 bp −$97	37.7 bp −$3,769	doesn't fit
Sell Lighter live order book, 4 min ago	1.30 bp	1.3 bp −$1	2.9 bp −$29	53.2 bp −$5,320	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
Gate DRAM_USDT	0.0000%	8h	61.640	+0.021%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.620	−0.011%	$487	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.610	−0.028%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.630	+0.005%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	61.602	−0.040%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.610	−0.028%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.602	−0.041%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.616	−0.018%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.560	−0.109%	$1.2M	$1.7M	10x	as long as short
edgeX DRAMUSDC	+0.0066%	4h	61.628	+0.002%	$152K	$288K	20x	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	+0.0067%	8h	61.630	+0.005%	$5.4M	$4.9M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.630	+0.005%	$13K	$9K	20x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.630	+0.005%	$1.0M	$77K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.632	+0.008%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.610	−0.028%	$3.0M	$483K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.570	−0.093%	$22K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.640	+0.021%	$8K	—	10x	as long as short
Entropy io:DRAM	+0.0100%	1h	61.639	+0.019%	$249K	$503K	25x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.637	+0.017%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.610	−0.028%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0115%	8h	61.633	+0.009%	$201K	$33K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0156%	1h	61.614	−0.021%	$79.0M	$39.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0159%	8h	61.630	+0.005%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0161%	8h	61.659	+0.052%	$9.1M	$10.2M	100x	as long as short
Variational Omni DRAM	+0.0188%	8h	61.643	+0.026%	$2.4M	$980K	—	as long as short
GRVT DRAM_USDT_Perp	+0.0193%	8h	61.630	+0.005%	$36K	$190K	10x	as long as short
Lighter DRAMshort	+0.0216%	1h	61.633	+0.010%	$991K	$1.2M	20x
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.510	−0.190%	$510K	$43K	20x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.621	−0.009%	$102K	$741K	10x	as long as short
Binance DRAMUSDTlong	+0.0249%	8h	61.627	long leg	$43.7M	$82.6M	50x
MEXC DRAM_USDT	+0.0249%	8h	61.620	−0.011%	$11.1M	$6.4M	100x	as long as short
BloFin DRAM-USDT	+0.0273%	8h	61.630	+0.005%	$295K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.611	−0.025%	$475K	$439K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.630	+0.005%	$50K	$95K	10x	as long as short