DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0329%/8h= +36.0% APRnext payment +$0.41 per $10,000 · paid last 24h −0.006%

Price spread now: Arcus against Lighter−0.037%7-day average −0.070% · you buy dearer than you sell

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

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.037%, 7d avg −0.070%

Together, before fees−0.030%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Arcus is 0.032% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.070%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.014% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.41 per $10,000. 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	Lighter DRAM	61.753	0.0320	pay 0.0040% / 1h	29m 59s	$992K	$1.2M	20x
Short	Arcus DRAM-USD	61.730	0.0649	get 0.0081% / 1h	29m 59s	$50K	$92K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.037%Rate

Funding earned: $69.08
Price spread: −0.037% → −0.070%: $3.24
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $67.82
Costs to cover: 0.045%
Break-even: 0.1 days

Slippage unknown: Lighter: live order book, 1 min ago; Arcus: no order-book sample. 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 Lighter live order book, 1 min ago	0.89 bp	1.0 bp −$1	1.7 bp −$17	25.1 bp −$2,507	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: 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
Gate DRAM_USDT	0.0000%	8h	61.770	+0.028%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.760	+0.011%	$823	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.700	−0.086%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.760	+0.011%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.703	−0.081%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.620	−0.215%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.679	−0.120%	$254K	$504K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.723	−0.049%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.752	−0.002%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.650	−0.167%	$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	−0.005%	$1.0M	$77K	10x	as long as short
edgeX DRAMUSDC	+0.0061%	4h	61.737	−0.027%	$153K	$290K	20x	as long as short
Aster DRAMUSDT	+0.0099%	8h	61.740	−0.021%	$198K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.692	−0.099%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.740	−0.021%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.690	−0.102%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.740	−0.021%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.747	−0.009%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0107%	8h	61.760	+0.011%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0108%	8h	61.780	+0.044%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0139%	8h	61.730	−0.037%	$36K	$185K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0161%	8h	61.733	−0.032%	—	—	5x	as long as short
Variational Omni DRAM	+0.0187%	8h	61.727	−0.042%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.280%	$510K	$44K	20x	as long as short
Bybit DRAMUSDT	+0.0221%	8h	61.803	+0.081%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0231%	8h	61.760	+0.011%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0231%	8h	61.764	+0.017%	$43.8M	$82.6M	50x	as long as short
Extended DRAM-USD	+0.0232%	1h	61.755	+0.003%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.750	−0.005%	$480K	$442K	20x	as long as short
Lighter DRAMlong	+0.0320%	1h	61.753	long leg	$992K	$1.2M	20x
tradeXYZ xyz:DRAM	+0.0323%	1h	61.733	−0.032%	$79.3M	$39.5M	20x	as long as short
BloFin DRAM-USDT	+0.0425%	8h	61.720	−0.053%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.740	−0.021%	$13K	$9K	20x	as long as short
Arcus DRAM-USDshort	+0.0649%	1h	61.730	−0.037%	$50K	$92K	10x