Funding you earn now, next payment 09:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h +0.022%
Price spread now: Gate against Lighter−0.021%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$400.401% of the position
Funding, last 7 days−0.231%−$23 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.021%, 7d avg +0.039%
=Together, before fees−0.183%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.060% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DRAM | 60.803 | 0.0232 | pay 0.0029% / 1h | 57m 40s | $1.1M | $1.2M | 20x |
| Short | Gate DRAM_USDT | 60.790 | 0.0197 | get 0.0197% / 8h | 7h 57m | $7.9M | $3.6M | 75x |
Lighter DRAM
Gate DRAM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$7.35
- Price spread: −0.021% → +0.039%
- −$6.01
- Slippage, 4 orders
- −$25.1
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$53.46
- Costs to cover
- 0.401%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Gate: live order book, 1 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, 3 min ago | 0.74 bp | 0.8 bp −$1 | 2.0 bp −$20 | 33.8 bp −$3,377 | doesn't fit |
| Sell Gate live order book, 1 min ago | 1.64 bp | 23.1 bp −$23 | 25.3 bp −$253 | 28.7 bp −$2,874 | 60.9 bp −$30.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DRAMUSDT | −0.0756% | 8h | 60.820 | +0.028% | $26.5M | $15.2M | 20x | as long as short |
| Entropy io:DRAM | −0.0553% | 1h | 60.786 | −0.028% | $178K | $480K | 25x | as long as short |
| Aster DRAMUSDT | 0.0000% | 8h | 60.798 | −0.009% | $195K | $39K | 20x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.801 | −0.003% | $421K | $339K | 20x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 60.847 | +0.072% | $2.3M | $589K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 60.872 | +0.113% | $36K | $209K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 60.790 | −0.021% | $962 | $2.6M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.870 | +0.110% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 60.750 | −0.087% | $1.7M | $1.3M | 10x | as long as short |
| Extended DRAM-USD | +0.0008% | 1h | 60.752 | −0.084% | $74K | $198K | 10x | as long as short |
Bitget DRAMUSDT
Entropy io:DRAM
Aster DRAMUSDT
RISEx DRAM/USDC
Variational Omni DRAM
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Extended DRAM-USDShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance DRAMUSDT | +0.0009% | 8h | 60.774 | −0.048% | $43.7M | $89.0M | 50x | as long as short |
| MEXC DRAM_USDT | +0.0010% | 8h | 60.780 | −0.038% | $8.4M | $5.4M | 100x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0014% | 8h | 60.800 | −0.005% | $5.4M | $6.0M | 50x | as long as short |
| Aftermath Perps DRAMUSD | +0.0039% | 1h | 60.787 | −0.027% | $1K | $29K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 60.780 | −0.038% | $47K | $67K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.570 | −0.383% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.803 | 0.000% | $253K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.770 | −0.054% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.680 | −0.202% | $1.1M | $3.5M | 10x | as long as short |
| QFEX DRAM-USD | +0.0053% | 1h | 60.830 | +0.044% | $992K | $84K | 10x | as long as short |
| BloFin DRAM-USDT | +0.0063% | 8h | 60.850 | +0.077% | $298K | $26K | 20x | as long as short |
| edgeX DRAMUSDC | +0.0067% | 4h | 60.866 | +0.104% | $148K | $299K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0075% | 1h | 60.729 | −0.122% | $78.7M | $35.9M | 20x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0079% | 1h | 60.780 | −0.038% | $13K | $3K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0099% | 8h | 60.745 | −0.096% | — | — | 5x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 60.772 | −0.050% | $73K | $34K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 61.100 | +0.488% | $3.0M | $419K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 60.890 | +0.143% | $21K | $183K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.800 | −0.005% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.786 | −0.028% | $4K | — | 10x | as long as short |
| Gate DRAM_USDTshort | +0.0197% | 8h | 60.790 | −0.021% | $7.9M | $3.6M | 75x | |
| Lighter DRAMlong | +0.0232% | 1h | 60.803 | long leg | $1.1M | $1.2M | 20x | |
| Coinbase International DRAM-PERP-INTX | +0.0248% | 1h | 60.750 | −0.087% | $521K | $75K | 20x | as long as short |
| Bybit DRAMUSDT | +0.0476% | 8h | 60.796 | −0.012% | $9.6M | $10.5M | 100x | as long as short |
Binance DRAMUSDT
MEXC DRAM_USDT
OKX DRAM-USDT-SWAP
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
QFEX DRAM-USD
BloFin DRAM-USDT
edgeX DRAMUSDC
tradeXYZ xyz:DRAM
Deribit DRAM_USDC-PERPETUAL
Paradex DRAM-USD-PERP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Coinbase International DRAM-PERP-INTX
Bybit DRAMUSDT