Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0408%/8h= −44.7% APRpaid last 24h −0.015%

Price spread now: Lighter against Gate−0.063%7-day average −0.037% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 7 days+0.038%+$4 · spread now −0.063%, 7d avg −0.037%

Together, before fees+0.269%+ Points / potential airdropLighter: Season 3 · farm board+$27 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Lighter is 0.026% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.037%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.230%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.230% in total (about 12.0% 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	Gate DRAM_USDT	62.300	0.0568	pay 0.0568% / 8h	6h 24m	$8.2M	$3.5M	75x
Short	Lighter DRAM	62.261	0.0160	get 0.0020% / 1h	24m 28s	$967K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.063%Rate

Funding earned: −$85.68
Price spread: −0.063% → −0.037%: −$2.56
Slippage, 4 orders: −$14.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$118.16
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 1 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 Gate live order book, 4 min ago	0.80 bp	10.7 bp −$11	25.7 bp −$257	80.3 bp −$8,028	doesn't fit
Sell Lighter live order book, 1 min ago	0.64 bp	0.8 bp −$1	1.7 bp −$17	90.6 bp −$9,063	doesn't fit

DRAM on 33 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	62.240	−0.096%	$893	$2.9M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.220	−0.128%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.260	−0.064%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0019%	4h	62.251	−0.079%	$151K	$296K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0034%	1h	62.223	−0.124%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.230	−0.112%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.210	−0.144%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.250	−0.080%	$1.0M	$78K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.246	−0.087%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.255	−0.072%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.210	−0.144%	$1.1M	$1.9M	10x	as long as short
Entropy io:DRAM	+0.0056%	1h	62.196	−0.167%	$253K	$430K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.213	−0.139%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	−0.096%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.177%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.260	−0.064%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.263	−0.059%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.130	−0.273%	$534K	$93K	20x	as long as short
Lighter DRAMshort	+0.0160%	1h	62.261	−0.063%	$967K	$1.0M	20x
Paradex DRAM-USD-PERP	+0.0180%	8h	62.255	−0.072%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0228%	8h	62.270	−0.048%	$5.5M	$4.5M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0235%	1h	62.240	−0.096%	$82.0M	$36.7M	20x	as long as short
Bitget DRAMUSDT	+0.0279%	8h	62.260	−0.064%	$26.0M	$12.9M	20x	as long as short
Bybit DRAMUSDT	+0.0348%	8h	62.289	−0.018%	$9.6M	$10.1M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.220	−0.128%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0427%	8h	62.258	−0.068%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0468%	8h	62.273	−0.043%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0556%	8h	62.285	−0.025%	$2.4M	$756K	—	as long as short
Gate DRAM_USDTlong	+0.0568%	8h	62.300	long leg	$8.2M	$3.5M	75x
Extended DRAM-USD	+0.0592%	1h	62.250	−0.080%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0593%	8h	62.250	−0.080%	$9.7M	$5.9M	100x	as long as short
Binance DRAMUSDT	+0.0593%	8h	62.253	−0.076%	$44.7M	$82.0M	50x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.258	−0.067%	$448K	$504K	20x	as long as short