Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.014%

Price spread now: Lighter against Bybit−0.018%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.018%, 7d avg −0.045%

Together, before fees+0.237%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Lighter is 0.027% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit DRAMUSDT	60.620	0	get 0.0000% / 8h	7h 48m	$9.6M	$10.4M	100x
Short	Lighter DRAM	60.609	0.0224	get 0.0028% / 1h	48m 17s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.018%Rate

Funding earned: $47.04
Price spread: −0.018% → −0.045%: $2.74
Slippage, 4 orders: −$7.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: $31.4
Costs to cover: 0.184%
Break-even: 2.3 days

Slippage from Bybit: live order book, 5 min ago; Lighter: live order book, 3 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 Bybit live order book, 5 min ago	0.82 bp	8.2 bp −$8	16.9 bp −$169	154.4 bp −$15.4K	doesn't fit
Sell Lighter live order book, 3 min ago	0.91 bp	1.2 bp −$1	3.6 bp −$36	37.4 bp −$3,742	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	−0.0716%	8h	60.630	+0.016%	$26.4M	$15.1M	20x	as long as short
Entropy io:DRAM	−0.0074%	1h	60.590	−0.049%	$177K	$469K	25x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.585	−0.058%	$194K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.595	−0.041%	$76K	$218K	10x	as long as short
Binance DRAMUSDT	0.0000%	8h	60.620	0.000%	$43.6M	$89.4M	50x	as long as short
Bybit DRAMUSDTlong	0.0000%	8h	60.620	long leg	$9.6M	$10.4M	100x
RISEx DRAM/USDC	0.0000%	1h	60.595	−0.041%	$418K	$338K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.620	0.000%	$7.9M	$3.6M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.610	−0.016%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.635	+0.025%	$2.3M	$584K	—	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT DRAM_USDT_Perp	0.0000%	8h	60.632	+0.020%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.620	0.000%	$860	$2.5M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.520	−0.165%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.640	+0.033%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0001%	8h	60.630	+0.016%	$5.4M	$6.1M	50x	as long as short
BloFin DRAM-USDT	+0.0010%	8h	60.630	+0.016%	$298K	$25K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.596	−0.040%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.590	−0.049%	$47K	$67K	10x	as long as short
edgeX DRAMUSDC	+0.0046%	4h	60.606	−0.023%	$147K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.570	−0.082%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.554	−0.109%	$252K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.600	−0.033%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.550	−0.115%	$1.1M	$3.5M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.580	−0.066%	$987K	$84K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0080%	1h	60.580	−0.066%	$12K	$3K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0089%	1h	60.586	−0.056%	$78.3M	$35.0M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.585	−0.058%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	60.558	−0.102%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.570	−0.082%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.620	0.000%	$21K	$182K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.580	−0.066%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.558	−0.102%	$4K	—	10x	as long as short
Lighter DRAMshort	+0.0224%	1h	60.609	−0.018%	$1.1M	$1.2M	20x
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.590	−0.049%	$532K	$86K	20x	as long as short