Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0419%/8h= +45.9% APRpaid last 24h +0.023%

Price spread now: Binance against Lighter+0.063%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.063%, 7d avg +0.033%

Together, before fees−0.147%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Binance is 0.030% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.033%. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment. 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	62.240	0.0104	pay 0.0013% / 1h	36m 25s	$967K	$1.0M	20x
Short	Binance DRAMUSDT	62.279	0.0523	get 0.0523% / 8h	5h 36m	$44.7M	$81.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.063%Rate

Funding earned: $88.09
Price spread: +0.063% → +0.033%: $3
Slippage, 4 orders: −$3.38
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $77.71
Costs to cover: 0.134%
Break-even: 0.8 days

Slippage from Lighter: live order book, 9 min ago; Binance: live order book, 6 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, 9 min ago	0.08 bp	0.4 bp $0	1.3 bp −$13	36.0 bp −$3,603	doesn't fit
Sell Binance live order book, 6 min ago	0.80 bp	5.8 bp −$6	6.9 bp −$69	33.2 bp −$3,316	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
RISEx DRAM/USDC	0.0000%	1h	62.270	+0.049%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.240	0.000%	$781	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.210	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.280	+0.064%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.229	−0.017%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.220	−0.032%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.190	−0.080%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.238	−0.003%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.239	−0.002%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.190	−0.080%	$1.1M	$2.1M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0052%	1h	62.193	−0.076%	$253K	$419K	25x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.250	+0.016%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0091%	4h	62.217	−0.037%	$151K	$296K	20x	as long as short
Bitget DRAMUSDT	+0.0095%	8h	62.270	+0.048%	$26.2M	$13.2M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.278	+0.061%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.240	0.000%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.190	−0.080%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.280	+0.064%	$9K	—	10x	as long as short
Lighter DRAMlong	+0.0104%	1h	62.240	long leg	$967K	$1.0M	20x
Aevo DRAM-PERP	+0.0104%	1h	62.268	+0.046%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0135%	8h	62.250	+0.016%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0154%	1h	62.235	−0.008%	$81.8M	$37.0M	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0163%	8h	62.240	0.000%	$36K	$157K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.321%	$534K	$76K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0196%	8h	62.280	+0.064%	$5.5M	$4.5M	50x	as long as short
Bybit DRAMUSDT	+0.0273%	8h	62.316	+0.122%	$9.7M	$10.1M	100x	as long as short
Aster DRAMUSDT	+0.0402%	8h	62.272	+0.052%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0491%	8h	62.203	−0.060%	$2.4M	$713K	—	as long as short
Extended DRAM-USD	+0.0520%	1h	62.260	+0.032%	$75K	$669K	10x	as long as short
MEXC DRAM_USDT	+0.0523%	8h	62.260	+0.032%	$9.6M	$5.5M	100x	as long as short
Binance DRAMUSDTshort	+0.0523%	8h	62.279	+0.063%	$44.7M	$81.7M	50x
Gate DRAM_USDT	+0.0543%	8h	62.310	+0.112%	$8.1M	$3.5M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0554%	1h	62.250	+0.016%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0769%	8h	62.230	−0.016%	$302K	$26K	20x	as long as short