Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.015%

Price spread now: Lighter against KuCoin+0.067%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.043%−$4 · spread now +0.067%, 7d avg +0.014%

Together, before fees+0.057%+ Points / potential airdropLighter: Season 3 · farm board+$6 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 0.053% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin DRAMUSDTM	61.300	0.0100	pay 0.0100% / 8h	1h 49m	$3.0M	$414K	20x
Short	Lighter DRAM	61.341	0.0176	get 0.0022% / 1h	49m 36s	$1.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.067%Rate

Funding earned: $15.96
Price spread: +0.067% → +0.014%: $5.27
Slippage, 4 orders: −$50.71
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.48
Costs to cover: 0.627%
Break-even: 25.2 days

Slippage from KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	0.82 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	0.81 bp	0.9 bp −$1	2.4 bp −$24	41.5 bp −$4,146	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
Bitget DRAMUSDT	−0.0451%	8h	61.340	+0.065%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.340	+0.065%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.314	+0.023%	$425K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.380	+0.131%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.270	−0.049%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.270	−0.049%	$875	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.200	−0.163%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.340	+0.065%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.304	+0.006%	$1K	$31K	5x	as long as short
Aster DRAMUSDT	+0.0033%	8h	61.347	+0.077%	$197K	$35K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0036%	8h	61.340	+0.065%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.320	+0.033%	$999K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.250	−0.082%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.290	−0.016%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.282	−0.029%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.308	+0.013%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.292	−0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.260	−0.065%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0083%	8h	61.275	−0.041%	$2.3M	$682K	—	as long as short
edgeX DRAMUSDC	+0.0093%	4h	61.247	−0.087%	$148K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.322	+0.037%	$74K	$46K	10x	as long as short
KuCoin DRAMUSDTMlong	+0.0100%	8h	61.300	long leg	$3.0M	$414K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.290	−0.016%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.340	+0.065%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.334	+0.055%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0108%	8h	61.320	+0.033%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0121%	1h	61.297	−0.005%	$79.4M	$35.8M	20x	as long as short
Extended DRAM-USD	+0.0136%	1h	61.309	+0.014%	$74K	$190K	10x	as long as short
MEXC DRAM_USDT	+0.0136%	8h	61.310	+0.016%	$8.0M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0136%	8h	61.300	+0.001%	$43.9M	$87.2M	50x	as long as short
BloFin DRAM-USDT	+0.0137%	8h	61.240	−0.098%	$300K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.310%	$525K	$75K	20x	as long as short
Lighter DRAMshort	+0.0176%	1h	61.341	+0.067%	$1.1M	$1.1M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0403%	1h	61.320	+0.033%	$13K	$3K	20x	as long as short