Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h −0.008%

Price spread now: MEXC against Lighter0.000%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$40.038% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days−0.015%−$1 · spread now 0.000%, 7d avg +0.023%

Together, before fees−0.127%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.023% cheaper against Lighter than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.023%). If the spread goes back, that is −$2 on $10k: about 24 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.112%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.600	0.0144	pay 0.0018% / 1h	5m 07s	$990K	$1.2M	20x
Short	MEXC DRAM_USDT	61.600	0.0219	get 0.0219% / 8h	2h 05m	$11.1M	$6.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $15.75
Price spread: 0.000% → +0.023%: −$2.28
Slippage, 4 orders: −$3.82
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $9.65
Costs to cover: 0.038%
Break-even: 2.7 days

Slippage from Lighter: live order book, 1 min ago; MEXC: live order book, 3 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	1.05 bp	1.1 bp −$1	1.8 bp −$18	46.5 bp −$4,654	doesn't fit
Sell MEXC live order book, 3 min ago	0.81 bp	0.8 bp −$1	1.8 bp −$18	7.8 bp −$785	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
Gate DRAM_USDT	0.0000%	8h	61.600	0.000%	$8.2M	$3.6M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.600	0.000%	$681	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.540	−0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.600	0.000%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0001%	4h	61.574	−0.042%	$152K	$289K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0031%	1h	61.583	−0.027%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.550	−0.081%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.539	−0.099%	$251K	$503K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.578	−0.036%	$203K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.586	−0.023%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.530	−0.114%	$1.2M	$1.7M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0054%	8h	61.610	+0.016%	$5.4M	$4.9M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0075%	1h	61.600	0.000%	$13K	$9K	20x	as long as short
QFEX DRAM-USD	+0.0080%	1h	61.580	−0.032%	$1.0M	$77K	10x	as long as short
Bitget DRAMUSDT	+0.0084%	8h	61.600	0.000%	$25.9M	$12.6M	20x	as long as short
Aster DRAMUSDT	+0.0086%	8h	61.590	−0.016%	$201K	$36K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.604	+0.006%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.580	−0.032%	$3.0M	$484K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.580	−0.032%	$22K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.580	−0.032%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.598	−0.002%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0124%	1h	61.585	−0.024%	$78.9M	$39.7M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0127%	8h	61.591	−0.014%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0132%	8h	61.630	+0.049%	$9.2M	$10.3M	100x	as long as short
Lighter DRAMlong	+0.0144%	1h	61.600	long leg	$990K	$1.2M	20x
GRVT DRAM_USDT_Perp	+0.0158%	8h	61.580	−0.032%	$36K	$190K	10x	as long as short
Variational Omni DRAM	+0.0167%	8h	61.582	−0.029%	$2.4M	$978K	—	as long as short
BloFin DRAM-USDT	+0.0208%	8h	61.610	+0.016%	$295K	$26K	20x	as long as short
Extended DRAM-USD	+0.0216%	1h	61.601	+0.002%	$102K	$741K	10x	as long as short
Binance DRAMUSDT	+0.0217%	8h	61.610	+0.016%	$43.7M	$82.9M	50x	as long as short
MEXC DRAM_USDTshort	+0.0219%	8h	61.600	0.000%	$11.1M	$6.4M	100x
Coinbase International DRAM-PERP-INTX	+0.0232%	1h	61.580	−0.032%	$510K	$44K	20x	as long as short
RISEx DRAM/USDC	+0.0459%	1h	61.600	+0.001%	$479K	$443K	20x	as long as short
Arcus DRAM-USD	+0.0739%	1h	61.580	−0.032%	$50K	$94K	10x	as long as short