Funding you earn now, next payment 03:00 UTC+0.0061%/8h= +6.7% APRnext payment +$0.08 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against Entropy+0.084%7-day average −0.003% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)−0.017%−$2 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now +0.084%, 7d avg −0.003%
=Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.086% dearer against Entropy than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Entropy io:DRAM | 62.203 | 0.0059 | pay 0.0007% / 1h | 32m 08s | $253K | $419K | 25x |
| Short | Lighter DRAM | 62.255 | 0.0120 | get 0.0015% / 1h | 32m 08s | $967K | $1.0M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Entropy. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $12.81
- Price spread: +0.084% → −0.003%
- $8.65
- Slippage, 4 orders
- no order book: not counted
- Fee Entropy: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $3.45
- Costs to cover
- 0.180%
- Break-even
- 5.1 days
Slippage unknown: Entropy: live order book, 3 min ago; Lighter: live order book, 4 min ago. Net counts fees only.
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 Entropy live order book, 3 min ago | 2.49 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 0.40 bp | 0.7 bp −$1 | 2.9 bp −$29 | 60.5 bp −$6,050 | 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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx DRAM/USDC | 0.0000% | 1h | 62.265 | +0.100% | $442K | $506K | 20x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 62.270 | +0.108% | $766 | $2.8M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.240 | +0.059% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.270 | +0.108% | $1.7M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0029% | 1h | 62.236 | +0.053% | $1K | $33K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.230 | +0.043% | $51K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.200 | −0.005% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.234 | +0.050% | $266K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.258 | +0.088% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.190 | −0.021% | $1.1M | $2.1M | 10x | as long as short |
Show all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX DRAM-USD | +0.0055% | 1h | 62.250 | +0.076% | $1.0M | $78K | 10x | as long as short |
| Entropy io:DRAMlong | +0.0059% | 1h | 62.203 | long leg | $253K | $419K | 25x | |
| edgeX DRAMUSDC | +0.0087% | 4h | 62.235 | +0.051% | $151K | $297K | 20x | as long as short |
| Bitget DRAMUSDT | +0.0088% | 8h | 62.270 | +0.108% | $26.2M | $13.2M | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.275 | +0.116% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.250 | +0.076% | $3.0M | $402K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.190 | −0.021% | $22K | $185K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.290 | +0.140% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.283 | +0.129% | $4K | — | 10x | as long as short |
| Lighter DRAMshort | +0.0120% | 1h | 62.255 | +0.084% | $967K | $1.0M | 20x | |
| Paradex DRAM-USD-PERP | +0.0138% | 8h | 62.253 | +0.081% | — | — | 5x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0169% | 8h | 62.246 | +0.069% | $36K | $157K | 10x | as long as short |
| tradeXYZ xyz:DRAM | +0.0178% | 1h | 62.245 | +0.068% | $81.8M | $37.1M | 20x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 62.040 | −0.262% | $534K | $76K | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0196% | 8h | 62.280 | +0.124% | $5.5M | $4.5M | 50x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0232% | 1h | 62.240 | +0.059% | $13K | $3K | 20x | as long as short |
| Bybit DRAMUSDT | +0.0273% | 8h | 62.306 | +0.166% | $9.7M | $10.1M | 100x | as long as short |
| Aster DRAMUSDT | +0.0400% | 8h | 62.278 | +0.121% | $200K | $36K | 20x | as long as short |
| Variational Omni DRAM | +0.0488% | 8h | 62.263 | +0.096% | $2.4M | $715K | — | as long as short |
| Extended DRAM-USD | +0.0520% | 1h | 62.251 | +0.077% | $75K | $669K | 10x | as long as short |
| Binance DRAMUSDT | +0.0520% | 8h | 62.270 | +0.108% | $44.7M | $81.8M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0521% | 8h | 62.260 | +0.092% | $9.2M | $5.6M | 100x | as long as short |
| Gate DRAM_USDT | +0.0546% | 8h | 62.310 | +0.172% | $8.1M | $3.5M | 75x | as long as short |
| BloFin DRAM-USDT | +0.0781% | 8h | 62.270 | +0.108% | $302K | $26K | 20x | as long as short |
Lighter DRAM
RISEx DRAM/USDC
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
edgeX DRAMUSDC
Bitget DRAMUSDT
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Paradex DRAM-USD-PERP
GRVT DRAM_USDT_Perp
tradeXYZ xyz:DRAM
Coinbase International DRAM-PERP-INTX
OKX DRAM-USDT-SWAP
Deribit DRAM_USDC-PERPETUAL
Bybit DRAMUSDT
Aster DRAMUSDT
Variational Omni DRAM
Extended DRAM-USD
Binance DRAMUSDT
MEXC DRAM_USDT
Gate DRAM_USDT
BloFin DRAM-USDT