Funding you earn now, next payment 08:00 UTC−0.0312%/8h= −34.2% APRnext payment −$0.39 per $10,000 · paid last 24h +0.011%
Price spread now: Extended against Lighter−0.060%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$80.084% of the position
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.060%, 7d avg −0.026%
=Together, before fees−0.057%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Extended is 0.034% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.39 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 | 60.990 | 0.0352 | pay 0.0044% / 1h | 39m 35s | $1.1M | $1.2M | 20x |
| Short | Extended DRAM-USD | 60.953 | 0.0040 | get 0.0005% / 1h | 39m 35s | $77K | $196K | 10x |
Lighter DRAM
Extended DRAM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$65.52
- Price spread: −0.060% → −0.026%
- −$3.4
- Slippage, 4 orders
- −$3.41
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$77.33
- Costs to cover
- 0.084%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 1 min ago; Extended: live order book, 61 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 | 0.74 bp | 0.8 bp −$1 | 2.4 bp −$24 | 40.5 bp −$4,047 | doesn't fit |
| Sell Extended live order book, 61 min ago | 0.49 bp | 3.3 bp −$3 | 7.1 bp −$71 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DRAMUSDT | −0.0749% | 8h | 61.010 | +0.033% | $26.4M | $15.0M | 20x | as long as short |
| Aster DRAMUSDT | 0.0000% | 8h | 60.987 | −0.004% | $196K | $35K | 20x | as long as short |
| Bybit DRAMUSDT | 0.0000% | 8h | 61.034 | +0.072% | $9.5M | $10.3M | 100x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.970 | −0.033% | $422K | $344K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 61.030 | +0.066% | $8.0M | $3.7M | 75x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 61.033 | +0.071% | $2.3M | $582K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 61.030 | +0.066% | $36K | $205K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 60.980 | −0.016% | $817 | $2.6M | 10x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | 0.0000% | 1h | 60.960 | −0.049% | $13K | $3K | 20x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.990 | 0.000% | $27K | $3K | 20x | as long as short |
Bitget DRAMUSDT
Aster DRAMUSDT
Bybit DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
Variational Omni DRAM
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
Deribit DRAM_USDC-PERPETUAL
HTX DRAM-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex DRAMUSDT | 0.0000% | 8h | 60.970 | −0.033% | $1.7M | $1.3M | 10x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0008% | 8h | 60.990 | 0.000% | $5.4M | $6.0M | 50x | as long as short |
| edgeX DRAMUSDC | +0.0009% | 4h | 61.029 | +0.065% | $148K | $298K | 20x | as long as short |
| BloFin DRAM-USDT | +0.0019% | 8h | 61.060 | +0.115% | $298K | $26K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0034% | 1h | 60.974 | −0.025% | $1K | $30K | 5x | as long as short |
| Binance DRAMUSDT | +0.0036% | 8h | 60.974 | −0.026% | $43.7M | $88.7M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0037% | 8h | 60.960 | −0.049% | $7.7M | $5.7M | 100x | as long as short |
| Extended DRAM-USDshort | +0.0040% | 1h | 60.953 | −0.060% | $77K | $196K | 10x | |
| Arcus DRAM-USD | +0.0040% | 1h | 60.970 | −0.033% | $47K | $67K | 10x | as long as short |
| QFEX DRAM-USD | +0.0040% | 1h | 60.980 | −0.016% | $993K | $84K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.970 | −0.033% | — | — | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 60.943 | −0.077% | $179K | $480K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.962 | −0.046% | $253K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.985 | −0.008% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.960 | −0.049% | $1.1M | $3.5M | 10x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 60.985 | −0.008% | $73K | $38K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.970 | −0.033% | $3.0M | $422K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.040 | +0.082% | $21K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.990 | 0.000% | $8K | — | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0101% | 8h | 60.965 | −0.041% | — | — | 5x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.971 | −0.031% | $4K | — | 10x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0176% | 1h | 60.910 | −0.131% | $523K | $75K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0190% | 1h | 60.961 | −0.048% | $78.9M | $35.9M | 20x | as long as short |
| Lighter DRAMlong | +0.0352% | 1h | 60.990 | long leg | $1.1M | $1.2M | 20x |
Phemex DRAMUSDT
OKX DRAM-USDT-SWAP
edgeX DRAMUSDC
BloFin DRAM-USDT
Aftermath Perps DRAMUSD
Binance DRAMUSDT
MEXC DRAM_USDT
Arcus DRAM-USD
QFEX DRAM-USD
Vest DRAM-USD-PERP
Entropy io:DRAM
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Paradex DRAM-USD-PERP
Aevo DRAM-PERP
Coinbase International DRAM-PERP-INTX
tradeXYZ xyz:DRAM