DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Coinbase International+0.120%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

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

costs, in and out, $10k−$230.225% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 3 days (all we have)−0.224%−$22 · spread now +0.120%, 7d avg +0.157%

Together, before fees−0.296%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.037% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.157%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	62.390	0.0184	pay 0.0023% / 1h	6m 06s	$540K	$91K	20x
Short	Lighter DRAM	62.465	0.0120	get 0.0015% / 1h	6m 06s	$972K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.120%Rate

Funding earned: −$13.44
Price spread: +0.120% → +0.157%: −$3.66
Slippage, 4 orders: −$12.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.65
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	4.00 bp	9.7 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.56 bp	0.8 bp −$1	2.8 bp −$28	60.9 bp −$6,090	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
SunX DRAM-USDT	0.0000%	8h	62.460	+0.112%	$781	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.450	+0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.490	+0.160%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.442	+0.083%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.430	+0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.440	+0.080%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.478	+0.141%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.400	+0.016%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0084%	4h	62.441	+0.081%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.405	+0.024%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.450	+0.096%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.370	−0.032%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.490	+0.160%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.490	+0.161%	$4K	—	10x	as long as short
Lighter DRAMshort	+0.0120%	1h	62.465	+0.120%	$972K	$1.3M	20x
QFEX DRAM-USD	+0.0160%	1h	62.440	+0.080%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0184%	1h	62.390	long leg	$540K	$91K	20x
tradeXYZ xyz:DRAM	+0.0227%	1h	62.455	+0.104%	$82.3M	$37.6M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.440	+0.080%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0237%	8h	62.456	+0.106%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0246%	8h	62.490	+0.160%	$5.5M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0466%	8h	62.520	+0.208%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0492%	8h	62.366	−0.038%	$201K	$36K	20x	as long as short
Entropy io:DRAM	+0.0516%	1h	62.372	−0.029%	$255K	$448K	25x	as long as short
Variational Omni DRAM	+0.0585%	8h	62.483	+0.150%	$2.4M	$749K	—	as long as short
Bitget DRAMUSDT	+0.0596%	8h	62.480	+0.144%	$26.2M	$12.9M	20x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.450	+0.096%	$51K	$82K	10x	as long as short
MEXC DRAM_USDT	+0.0615%	8h	62.480	+0.144%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0620%	8h	62.470	+0.128%	$45.0M	$81.9M	50x	as long as short
Extended DRAM-USD	+0.0624%	1h	62.449	+0.095%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0821%	8h	62.510	+0.192%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0962%	8h	62.510	+0.192%	$299K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1049%	8h	62.448	+0.093%	$37K	$153K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.444	+0.087%	$456K	$499K	20x	as long as short