Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.037%

Price spread now: edgeX against Lighter−0.050%49s7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.275% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 4 days (all we have)+0.167%+$17 · spread now −0.050%, 7d avg −0.003%

Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.047% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.003%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	62.163	0.0152	pay 0.0019% / 1h	4m 25s	$966K	$1.0M	20x
Short	edgeX DRAMUSDC	62.132	0.0082	get 0.0041% / 4h	2h 04m	$150K	$297K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$14.72
Price spread: −0.050% → −0.003%: −$4.71
Slippage, 4 orders: −$18.52
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.96
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 min ago; edgeX: live order book, 64 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	0.88 bp	0.9 bp −$1	1.9 bp −$19	47.8 bp −$4,778	doesn't fit
Sell edgeX live order book, 64 min ago	6.40 bp	14.6 bp −$15	23.8 bp −$238	doesn't fit	doesn't fit

DRAM on 33 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
SunX DRAM-USDT	0.0000%	8h	62.190	+0.043%	$657	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.010	−0.246%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.160	−0.005%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	62.111	−0.084%	$1K	$34K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.120	−0.069%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.130	−0.053%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0046%	1h	62.170	+0.011%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.104	−0.095%	$253K	$426K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.168	+0.008%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.151	−0.019%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.100	−0.101%	$1.2M	$1.9M	10x	as long as short
edgeX DRAMUSDCshort	+0.0082%	4h	62.132	−0.050%	$150K	$297K	20x
Pacifica DRAM	+0.0100%	1h	62.129	−0.055%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.140	−0.037%	$3.0M	$402K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.200	+0.060%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.190	+0.043%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.181	+0.029%	$4K	—	10x	as long as short
Bitget DRAMUSDT	+0.0119%	8h	62.190	+0.043%	$26.1M	$13.1M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0150%	8h	62.158	−0.009%	—	—	5x	as long as short
Lighter DRAMlong	+0.0152%	1h	62.163	long leg	$966K	$1.0M	20x
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.040	−0.198%	$534K	$81K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0205%	1h	62.166	+0.005%	$82.0M	$37.0M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0212%	8h	62.170	+0.011%	$5.5M	$4.5M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0233%	1h	62.150	−0.021%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0256%	8h	62.220	+0.092%	$9.6M	$10.1M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0269%	8h	61.999	−0.264%	$37K	$154K	10x	as long as short
Aster DRAMUSDT	+0.0438%	8h	62.199	+0.059%	$200K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0489%	8h	62.210	+0.076%	$8.1M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0526%	8h	62.174	+0.018%	$2.4M	$709K	—	as long as short
Binance DRAMUSDT	+0.0564%	8h	62.182	+0.031%	$44.5M	$81.6M	50x	as long as short
MEXC DRAM_USDT	+0.0565%	8h	62.190	+0.043%	$9.6M	$5.9M	100x	as long as short
Extended DRAM-USD	+0.0568%	1h	62.163	0.000%	$75K	$665K	10x	as long as short
RISEx DRAM/USDC	+0.0835%	1h	62.182	+0.031%	$447K	$505K	20x	as long as short