Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.044%

Price spread now: Lighter against GRVT+0.047%108s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs+$6as 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−$160.160% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.225%+$23 on $10k

Price spread, last 3 days (all we have)−0.094%−$9 · spread now +0.047%, 7d avg −0.004%

Together, before fees+0.131%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.051% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.004%. The two prices were read 108 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	GRVT DRAM_USDT_Perp	61.730	0.0139	pay 0.0139% / 8h	1h 29m	$36K	$185K	10x
Short	Lighter DRAM	61.759	0.0320	get 0.0040% / 1h	29m 38s	$992K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.047%Rate

Funding earned: $38.01
Price spread: +0.047% → −0.004%: $5.13
Slippage, 4 orders: −$7.05
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: $27.09
Costs to cover: 0.160%
Break-even: 2.0 days

Slippage from GRVT: live order book, 52 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 GRVT live order book, 52 min ago	1.62 bp	6.1 bp −$6	18.2 bp −$182	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	0.89 bp	0.9 bp −$1	2.2 bp −$22	42.9 bp −$4,291	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
Gate DRAM_USDT	0.0000%	8h	61.780	+0.081%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.760	+0.048%	$823	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.700	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.760	+0.048%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.703	−0.044%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.620	−0.178%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.681	−0.079%	$254K	$504K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.723	−0.011%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.752	+0.036%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.700	−0.049%	$1.2M	$1.7M	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	+0.0052%	1h	61.750	+0.032%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.737	+0.010%	$153K	$290K	20x	as long as short
Aster DRAMUSDT	+0.0100%	8h	61.740	+0.016%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.693	−0.060%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	−0.016%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.065%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	+0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.747	+0.028%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0108%	8h	61.770	+0.065%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0109%	8h	61.780	+0.081%	$26.0M	$12.5M	20x	as long as short
GRVT DRAM_USDT_Perplong	+0.0139%	8h	61.730	long leg	$36K	$185K	10x
Paradex DRAM-USD-PERP	+0.0163%	8h	61.745	+0.024%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.005%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.243%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0225%	8h	61.809	+0.128%	$9.3M	$10.3M	100x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.760	+0.048%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.763	+0.053%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0233%	8h	61.769	+0.062%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.778	+0.077%	$480K	$442K	20x	as long as short
Lighter DRAMshort	+0.0320%	1h	61.759	+0.047%	$992K	$1.2M	20x
tradeXYZ xyz:DRAM	+0.0324%	1h	61.740	+0.016%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0425%	8h	61.720	−0.016%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.740	+0.016%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	+0.065%	$50K	$92K	10x	as long as short