Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.047%

Price spread now: HTX against Lighter+0.058%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. HTX is 0.058% dearer against Lighter than usual: you sell high and buy low (spread +0.058% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	62.384	0.0032	pay 0.0004% / 1h	14m 50s	$970K	$1.0M	20x
Short	HTX DRAM-USDT	62.420	0	get 0.0000% / 8h	4h 14m	$28K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$6.72
Price spread: +0.058% → 0.000%: $5.77
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.95
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 1 min ago; HTX: no order-book sample. Net counts fees only.

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	0.72 bp	0.8 bp −$1	1.6 bp −$16	28.0 bp −$2,803	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	62.386	+0.003%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.400	+0.026%	$995	$2.7M	10x	as long as short
HTX DRAM-USDTshort	0.0000%	8h	62.420	+0.058%	$28K	$3K	20x
Phemex DRAMUSDT	0.0000%	8h	62.410	+0.042%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0010%	8h	62.460	+0.122%	$37K	$173K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.404	+0.033%	$1K	$32K	5x	as long as short
Lighter DRAMlong	+0.0032%	1h	62.384	long leg	$970K	$1.0M	20x
edgeX DRAMUSDC	+0.0035%	4h	62.426	+0.068%	$151K	$299K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.410	+0.042%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.022%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.365	−0.030%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.392	+0.013%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.360	−0.038%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.380	−0.006%	$1.0M	$78K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0072%	1h	62.377	−0.011%	$81.7M	$35.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	62.370	−0.022%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0084%	8h	62.410	+0.042%	$26.2M	$13.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0099%	8h	62.410	+0.042%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.358	−0.041%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.380	−0.006%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.106%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.400	+0.026%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.395	+0.017%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0136%	8h	62.431	+0.075%	$9.7M	$9.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.087%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0152%	1h	62.394	+0.016%	$183K	$441K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.380	−0.006%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0253%	8h	62.406	+0.036%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0326%	8h	62.404	+0.032%	$2.4M	$747K	—	as long as short
Extended DRAM-USD	+0.0368%	1h	62.393	+0.015%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0370%	8h	62.410	+0.042%	$44.9M	$80.3M	50x	as long as short
MEXC DRAM_USDT	+0.0372%	8h	62.400	+0.026%	$8.9M	$5.5M	100x	as long as short
BloFin DRAM-USDT	+0.0402%	8h	62.410	+0.042%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0631%	8h	62.430	+0.074%	$8.2M	$3.5M	75x	as long as short