Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.015%

Price spread now: KuCoin against Lighter−0.083%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.083%, 7d avg −0.014%

Together, before fees−0.041%+ Points / potential airdropLighter: Season 3 · farm board−$4 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 KuCoin is 0.069% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.341	0.0176	pay 0.0022% / 1h	49m 21s	$1.1M	$1.1M	20x
Short	KuCoin DRAMUSDTM	61.290	0.0100	get 0.0100% / 8h	1h 49m	$3.0M	$414K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$15.96
Price spread: −0.083% → −0.014%: −$6.89
Slippage, 4 orders: −$50.71
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$85.56
Costs to cover: 0.627%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 min ago; KuCoin: live order book, 8 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	0.81 bp	0.8 bp −$1	2.1 bp −$21	30.8 bp −$3,080	doesn't fit
Sell KuCoin live order book, 8 min ago	0.82 bp	28.7 bp −$29	doesn't fit	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	−0.0451%	8h	61.320	−0.034%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.320	−0.034%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.314	−0.044%	$425K	$419K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.350	+0.015%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.270	−0.116%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.270	−0.116%	$875	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.200	−0.230%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.340	−0.002%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.283	−0.095%	$1K	$31K	5x	as long as short
Aster DRAMUSDT	+0.0033%	8h	61.328	−0.021%	$197K	$35K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0036%	8h	61.300	−0.067%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.320	−0.034%	$999K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.270	−0.116%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.300	−0.067%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.282	−0.096%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.287	−0.088%	$255K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.292	−0.080%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.260	−0.132%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0083%	8h	61.275	−0.108%	$2.3M	$682K	—	as long as short
edgeX DRAMUSDC	+0.0093%	4h	61.247	−0.154%	$148K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.322	−0.030%	$74K	$46K	10x	as long as short
KuCoin DRAMUSDTMshort	+0.0100%	8h	61.290	−0.083%	$3.0M	$414K	20x
ApeX Omni DRAMUSDT	+0.0100%	1h	61.290	−0.083%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.270	−0.116%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.270	−0.116%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0108%	8h	61.320	−0.034%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0118%	1h	61.272	−0.112%	$79.3M	$35.8M	20x	as long as short
Extended DRAM-USD	+0.0136%	1h	61.309	−0.053%	$74K	$190K	10x	as long as short
MEXC DRAM_USDT	+0.0136%	8h	61.280	−0.099%	$8.0M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0136%	8h	61.281	−0.098%	$43.9M	$87.2M	50x	as long as short
BloFin DRAM-USDT	+0.0137%	8h	61.240	−0.165%	$300K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.377%	$525K	$75K	20x	as long as short
Lighter DRAMlong	+0.0176%	1h	61.341	long leg	$1.1M	$1.1M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0403%	1h	61.320	−0.034%	$13K	$3K	20x	as long as short