DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0132%/8h= −14.5% APRnext payment −$0.17 per $10,000 · paid last 24h −0.015%

Price spread now: ApeX Omni against Lighter+0.071%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$860.862% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.071%, 7d avg +0.023%

Together, before fees−0.098%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.048% dearer against Lighter than usual: you sell high and buy low (spread +0.071% now, against its 7-day average of +0.023%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.084% in total) that is about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	60.987	0.0232	pay 0.0029% / 1h	3m 28s	$1.1M	$1.2M	20x
Short	ApeX Omni DRAMUSDT	61.030	0.0100	get 0.0013% / 1h	3m 28s	$21K	$185K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.071%Rate

Funding earned: −$27.72
Price spread: +0.071% → +0.023%: $4.78
Slippage, 4 orders: −$76.21
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$109.15
Costs to cover: 0.862%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; ApeX Omni: live order book, 38 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 Lighter live order book, 2 min ago	0.49 bp	0.5 bp $0	1.8 bp −$18	40.5 bp −$4,047	doesn't fit
Sell ApeX Omni live order book, 38 min ago	26.98 bp	44.6 bp −$45	218.6 bp −$2,186	doesn't fit	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	−0.0652%	8h	61.020	+0.054%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.973	−0.022%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.999	+0.020%	$9.4M	$10.2M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.010	+0.038%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.949	−0.063%	$422K	$348K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.050	+0.103%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.044	+0.094%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.030	+0.071%	$36K	$204K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.000	+0.021%	$685	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.990	+0.005%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDT	0.0000%	8h	61.010	+0.038%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.006	+0.032%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	60.970	−0.028%	$993K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.990	+0.005%	$48K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.950	−0.061%	—	—	10x	as long as short
Binance DRAMUSDT	+0.0047%	8h	60.970	−0.028%	$43.7M	$87.9M	50x	as long as short
Extended DRAM-USD	+0.0048%	1h	60.956	−0.050%	$74K	$187K	10x	as long as short
MEXC DRAM_USDT	+0.0048%	8h	60.970	−0.028%	$7.7M	$5.8M	100x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.971	−0.026%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.959	−0.046%	$253K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.002	+0.025%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.920	−0.110%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.980	−0.011%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0081%	8h	60.966	−0.035%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	61.029	+0.068%	$148K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.996	+0.014%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.960	−0.044%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	61.030	+0.071%	$21K	$185K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.000	+0.021%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0103%	1h	60.963	−0.039%	$78.9M	$35.7M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.991	+0.007%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.030	+0.071%	$298K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.202%	$525K	$75K	20x	as long as short
Lighter DRAMlong	+0.0232%	1h	60.987	long leg	$1.1M	$1.2M	20x