Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.057%

Price spread now: Lighter against BloFin−0.186%60s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.210% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.186%, 7d avg −0.012%

Together, before fees+0.266%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter is 0.174% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.012%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin DRAM-USDT	61.400	0.0163	pay 0.0163% / 8h	1h 56m	$299K	$26K	20x
Short	Lighter DRAM	61.286	0.0080	get 0.0010% / 1h	56m 10s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$17.51
Price spread: −0.186% → −0.012%: −$17.35
Slippage, 4 orders: −$8.96
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$55.82
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from BloFin: live order book, 28 min ago; Lighter: live order book, 5 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 BloFin live order book, 28 min ago	1.63 bp	8.7 bp −$9	12.0 bp −$120	47.0 bp −$4,700	doesn't fit
Sell Lighter live order book, 5 min ago	0.65 bp	0.6 bp −$1	3.7 bp −$37	51.7 bp −$5,166	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	−0.0429%	8h	61.300	−0.163%	$26.0M	$14.5M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.291	−0.177%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.330	−0.114%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.460	+0.098%	$36K	$197K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.280	−0.195%	$617	$2.6M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	0.0000%	1h	61.280	−0.195%	$13K	$3K	20x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.240	−0.261%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.280	−0.195%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0004%	8h	61.306	−0.153%	$9.4M	$10.3M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.346	−0.087%	$1K	$31K	5x	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	+0.0038%	8h	61.290	−0.179%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.290	−0.179%	$998K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.360	−0.065%	$48K	$69K	10x	as long as short
Aster DRAMUSDT	+0.0045%	8h	61.301	−0.161%	$197K	$35K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.290	−0.179%	—	—	10x	as long as short
edgeX DRAMUSDC	+0.0049%	4h	61.407	+0.011%	$149K	$297K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.321	−0.129%	$169K	$471K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.265	−0.220%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.285	−0.187%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.370	−0.049%	$1.1M	$3.4M	10x	as long as short
Lighter DRAMshort	+0.0080%	1h	61.286	−0.186%	$1.1M	$1.1M	20x
tradeXYZ xyz:DRAM	+0.0084%	1h	61.257	−0.233%	$79.3M	$36.2M	20x	as long as short
Variational Omni DRAM	+0.0097%	8h	61.464	+0.104%	$2.3M	$669K	—	as long as short
Pacifica DRAM	+0.0100%	1h	61.279	−0.198%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.270	−0.212%	$3.0M	$413K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.490	+0.147%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.290	−0.179%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.280	−0.196%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.292	−0.176%	—	—	5x	as long as short
Binance DRAMUSDT	+0.0149%	8h	61.271	−0.210%	$43.9M	$87.1M	50x	as long as short
MEXC DRAM_USDT	+0.0149%	8h	61.270	−0.212%	$8.0M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0152%	1h	61.268	−0.215%	$74K	$190K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.472%	$525K	$75K	20x	as long as short
BloFin DRAM-USDTlong	+0.0163%	8h	61.400	long leg	$299K	$26K	20x