Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.024%

Price spread now: Bitget against Lighter+0.041%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.041%, 7d avg +0.037%

Together, before fees−0.232%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.555	0.0208	pay 0.0026% / 1h	10m 08s	$1.1M	$1.2M	20x
Short	Bitget DRAMUSDT	61.580	0	get 0.0000% / 8h	3h 10m	$26.0M	$13.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$43.68
Price spread: +0.041% → +0.037%: $0.34
Slippage, 4 orders: −$6.02
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.36
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 min ago; Bitget: live order book, 4 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, 1 min ago	0.81 bp	0.9 bp −$1	3.0 bp −$30	59.0 bp −$5,903	doesn't fit
Sell Bitget live order book, 4 min ago	0.81 bp	8.4 bp −$8	16.0 bp −$160	36.7 bp −$3,668	73.0 bp −$36.5K

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	61.539	−0.026%	$433K	$500K	20x	as long as short
Bitget DRAMUSDTshort	0.0000%	8h	61.580	+0.041%	$26.0M	$13.7M	20x
GRVT DRAM_USDT_Perp	0.0000%	8h	61.760	+0.333%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.570	+0.024%	$773	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.680	+0.203%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.570	+0.024%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.662	+0.175%	$1K	$31K	5x	as long as short
edgeX DRAMUSDC	+0.0034%	4h	61.742	+0.303%	$149K	$297K	20x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.540	−0.024%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.640	+0.138%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.530	−0.041%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.602	+0.076%	$170K	$466K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.536	−0.031%	$258K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.547	−0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.470	−0.138%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0052%	8h	61.580	+0.041%	$5.4M	$4.6M	50x	as long as short
Bybit DRAMUSDT	+0.0066%	8h	61.592	+0.060%	$9.5M	$9.9M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.552	−0.005%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.520	−0.057%	$3.0M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.730	+0.284%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.560	+0.008%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.548	−0.011%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.510	−0.073%	$528K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0108%	8h	61.555	0.000%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0130%	1h	61.529	−0.042%	$80.1M	$35.7M	20x	as long as short
Aster DRAMUSDT	+0.0134%	8h	61.535	−0.033%	$198K	$35K	20x	as long as short
Variational Omni DRAM	+0.0190%	8h	61.564	+0.014%	$2.4M	$740K	—	as long as short
Lighter DRAMlong	+0.0208%	1h	61.555	long leg	$1.1M	$1.2M	20x
BloFin DRAM-USDT	+0.0210%	8h	61.590	+0.057%	$299K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0248%	8h	61.550	−0.008%	$44.1M	$82.1M	50x	as long as short
Extended DRAM-USD	+0.0248%	1h	61.541	−0.022%	$75K	$239K	10x	as long as short
MEXC DRAM_USDT	+0.0249%	8h	61.560	+0.008%	$9.0M	$5.7M	100x	as long as short
Gate DRAM_USDT	+0.0365%	8h	61.610	+0.089%	$8.1M	$3.6M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0401%	1h	61.530	−0.041%	$13K	$3K	20x	as long as short