Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.011%

Price spread now: Bybit against Lighter+0.036%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.163% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.036%, 7d avg +0.042%

Together, before fees−0.258%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.212%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.937	0.0192	pay 0.0024% / 1h	50m 48s	$977K	$1.2M	20x
Short	Bybit DRAMUSDT	61.959	0.0266	get 0.0266% / 8h	50m 48s	$9.3M	$10.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.036%Rate

Funding earned: $15.53
Price spread: +0.036% → +0.042%: −$0.69
Slippage, 4 orders: −$5.33
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.49
Costs to cover: 0.163%
Break-even: 7.7 days

Slippage from Lighter: live order book, 10 min ago; Bybit: live order book, 2 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, 10 min ago	0.65 bp	0.6 bp −$1	1.4 bp −$14	24.8 bp −$2,481	doesn't fit
Sell Bybit live order book, 2 min ago	0.81 bp	8.3 bp −$8	14.0 bp −$140	112.1 bp −$11.2K	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
Gate DRAM_USDT	0.0000%	8h	61.940	+0.005%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.950	+0.021%	$766	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.900	−0.060%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.890	−0.076%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.872	−0.104%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.920	−0.027%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.920	−0.027%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.945	+0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.900	−0.060%	$1.2M	$1.8M	10x	as long as short
edgeX DRAMUSDC	+0.0053%	4h	61.904	−0.053%	$153K	$289K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit DRAM_USDC-PERPETUAL	+0.0073%	1h	61.910	−0.044%	$13K	$9K	20x	as long as short
QFEX DRAM-USD	+0.0079%	1h	61.930	−0.011%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.944	+0.011%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.870	−0.108%	$3.0M	$474K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.970	+0.053%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.930	−0.011%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.958	+0.034%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0134%	8h	61.940	+0.005%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0136%	8h	61.930	−0.011%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0144%	8h	61.895	−0.069%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0159%	8h	61.910	−0.044%	$36K	$178K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0170%	8h	61.943	+0.010%	—	—	5x	as long as short
Entropy io:DRAM	+0.0183%	1h	61.891	−0.074%	$258K	$501K	25x	as long as short
Lighter DRAMlong	+0.0192%	1h	61.937	long leg	$977K	$1.2M	20x
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.576%	$510K	$43K	20x	as long as short
Variational Omni DRAM	+0.0218%	8h	61.867	−0.114%	$2.4M	$949K	—	as long as short
Bybit DRAMUSDTshort	+0.0266%	8h	61.959	+0.036%	$9.3M	$10.4M	100x
MEXC DRAM_USDT	+0.0276%	8h	61.930	−0.011%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0278%	8h	61.920	−0.028%	$43.9M	$82.3M	50x	as long as short
Extended DRAM-USD	+0.0280%	1h	61.915	−0.036%	$77K	$766K	10x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.945	+0.014%	$457K	$475K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0298%	1h	61.922	−0.024%	$80.3M	$39.8M	20x	as long as short
BloFin DRAM-USDT	+0.0539%	8h	61.940	+0.005%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.930	−0.011%	$50K	$89K	10x	as long as short