Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0730%/8h= +79.9% APRpaid last 24h +0.024%

Price spread now: Lighter against Bitget−0.108%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 7 days+0.108%+$11 · spread now −0.108%, 7d avg −0.038%

Together, before fees+0.287%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.070% cheaper against Bitget than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of −0.038%). If the spread goes back, that is −$7 on $10k: about 8 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.179% in total) that is about 2.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.179% in total (about 9.3% a year). A funding rate is set anew for every payment. 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	Bitget DRAMUSDT	61.280	−0.0498	get 0.0498% / 8h	2h 18m	$25.9M	$14.1M	20x
Short	Lighter DRAM	61.214	0.0232	get 0.0029% / 1h	18m 29s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.108%Rate

Funding earned: $153.3
Price spread: −0.108% → −0.038%: −$7.01
Slippage, 4 orders: −$7.12
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $127.17
Costs to cover: 0.191%
Break-even: 1.2 days

Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 2 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 Bitget live order book, 5 min ago	0.82 bp	8.5 bp −$8	13.7 bp −$137	36.9 bp −$3,693	doesn't fit
Sell Lighter live order book, 2 min ago	1.39 bp	1.4 bp −$1	3.4 bp −$34	46.6 bp −$4,664	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 DRAMUSDTlong	−0.0498%	8h	61.280	long leg	$25.9M	$14.1M	20x
RISEx DRAM/USDC	0.0000%	1h	61.215	−0.106%	$424K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.112	−0.274%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.210	−0.114%	$861	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.160	−0.196%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.180	−0.163%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0005%	8h	61.279	−0.002%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0025%	1h	61.162	−0.193%	$1K	$31K	5x	as long as short
Gate DRAM_USDT	+0.0033%	8h	61.310	+0.049%	$8.0M	$3.7M	75x	as long as short
OKX DRAM-USDT-SWAP	+0.0040%	8h	61.260	−0.033%	$5.4M	$5.6M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus DRAM-USD	+0.0040%	1h	61.160	−0.196%	$48K	$69K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.210	−0.114%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.220	−0.098%	$997K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.216	−0.104%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.165	−0.188%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.130	−0.245%	$1.1M	$3.3M	10x	as long as short
edgeX DRAMUSDC	+0.0063%	4h	61.153	−0.207%	$148K	$298K	20x	as long as short
Aster DRAMUSDT	+0.0064%	8h	61.269	−0.018%	$197K	$35K	20x	as long as short
Entropy io:DRAM	+0.0069%	1h	61.147	−0.217%	$169K	$469K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.174	−0.173%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.180	−0.163%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	−0.343%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.240	−0.065%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.185	−0.154%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0106%	8h	61.191	−0.145%	—	—	5x	as long as short
Variational Omni DRAM	+0.0110%	8h	61.134	−0.238%	$2.3M	$675K	—	as long as short
tradeXYZ xyz:DRAM	+0.0139%	1h	61.232	−0.078%	$79.3M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0150%	8h	61.220	−0.098%	$301K	$26K	20x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.195	−0.139%	$76K	$188K	10x	as long as short
MEXC DRAM_USDT	+0.0171%	8h	61.250	−0.049%	$8.1M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0171%	8h	61.256	−0.040%	$43.8M	$86.2M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.277%	$525K	$75K	20x	as long as short
Lighter DRAMshort	+0.0232%	1h	61.214	−0.108%	$1.1M	$1.2M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0404%	1h	61.200	−0.131%	$13K	$3K	20x	as long as short