Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.048%

Price spread now: Lighter against HTX−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.023% cheaper against HTX than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 19 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX DRAM-USDT	62.210	0	get 0.0000% / 8h	5h 37m	$28K	$3K	20x
Short	Lighter DRAM	62.196	0.0096	get 0.0012% / 1h	37m 29s	$966K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.023%Rate

Funding earned: $20.16
Price spread: −0.023% → 0.000%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $5.91
Costs to cover: 0.120%
Break-even: 4.9 days

Slippage unknown: HTX: no order-book sample; Lighter: live order book, 8 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 HTX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	0.08 bp	0.2 bp $0	3.1 bp −$31	56.6 bp −$5,662	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	62.241	+0.050%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.240	+0.048%	$1K	$2.8M	10x	as long as short
HTX DRAM-USDTlong	0.0000%	8h	62.210	long leg	$28K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	62.240	+0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.198	−0.019%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.210	0.000%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.180	−0.048%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.173	−0.059%	$253K	$419K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.219	+0.014%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.234	+0.039%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.170	−0.064%	$1.1M	$2.1M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.230	+0.032%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0091%	4h	62.217	+0.011%	$151K	$296K	20x	as long as short
Lighter DRAMshort	+0.0096%	1h	62.196	−0.023%	$966K	$1.0M	20x
Bitget DRAMUSDT	+0.0097%	8h	62.260	+0.080%	$26.2M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.237	+0.044%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.220	+0.016%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.032%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.230	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.227	+0.028%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0132%	8h	62.214	+0.006%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0146%	1h	62.236	+0.042%	$81.8M	$37.0M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0163%	8h	62.240	+0.048%	$36K	$157K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.273%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0194%	8h	62.240	+0.048%	$5.5M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.200	−0.016%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0267%	8h	62.285	+0.121%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0402%	8h	62.228	+0.030%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0491%	8h	62.203	−0.011%	$2.4M	$713K	—	as long as short
Extended DRAM-USD	+0.0520%	1h	62.218	+0.012%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0523%	8h	62.240	+0.048%	$9.6M	$5.5M	100x	as long as short
Binance DRAMUSDT	+0.0523%	8h	62.243	+0.053%	$44.6M	$81.6M	50x	as long as short
Gate DRAM_USDT	+0.0538%	8h	62.280	+0.113%	$8.1M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0775%	8h	62.260	+0.080%	$302K	$26K	20x	as long as short