Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.001%

Price spread now: OKX against Lighter+0.025%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.161% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.163%−$16 on $10k

Price spread, last 7 days−0.037%−$4 · spread now +0.025%, 7d avg +0.029%

Together, before fees−0.199%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	60.965	0.0232	pay 0.0029% / 1h	3m 17s	$1.1M	$1.2M	20x
Short	OKX DRAM-USDT-SWAP	60.980	0	get 0.0000% / 8h	1h 03m	$5.4M	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$48.72
Price spread: +0.025% → +0.029%: −$0.44
Slippage, 4 orders: −$6.13
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$65.29
Costs to cover: 0.161%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; OKX: live order book, 4 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	0.49 bp	0.5 bp $0	1.8 bp −$18	40.5 bp −$4,047	doesn't fit
Sell OKX live order book, 4 min ago	0.82 bp	7.1 bp −$7	15.3 bp −$153	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	−0.0652%	8h	60.980	+0.025%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.961	−0.007%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	60.984	+0.031%	$9.4M	$10.2M	100x	as long as short
OKX DRAM-USDT-SWAPshort	0.0000%	8h	60.980	+0.025%	$5.4M	$5.9M	50x
RISEx DRAM/USDC	0.0000%	1h	60.949	−0.027%	$422K	$348K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.020	+0.090%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	61.044	+0.130%	$2.3M	$581K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.030	+0.107%	$36K	$204K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.980	+0.025%	$697	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.990	+0.041%	$27K	$3K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex DRAMUSDT	0.0000%	8h	60.960	−0.008%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	60.993	+0.046%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	60.970	+0.008%	$993K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.990	+0.041%	$48K	$67K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.950	−0.025%	—	—	10x	as long as short
Binance DRAMUSDT	+0.0047%	8h	60.956	−0.015%	$43.6M	$87.9M	50x	as long as short
Extended DRAM-USD	+0.0048%	1h	60.943	−0.037%	$74K	$187K	10x	as long as short
MEXC DRAM_USDT	+0.0048%	8h	60.950	−0.025%	$7.7M	$5.8M	100x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.971	+0.010%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.938	−0.044%	$253K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.955	−0.016%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.920	−0.074%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	60.930	−0.057%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0081%	8h	60.966	+0.001%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0099%	4h	61.029	+0.105%	$148K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.996	+0.050%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.920	−0.074%	$3.0M	$420K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.030	+0.107%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.960	−0.008%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0103%	1h	60.938	−0.044%	$78.8M	$35.7M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.946	−0.031%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	60.980	+0.025%	$298K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.238%	$525K	$75K	20x	as long as short
Lighter DRAMlong	+0.0232%	1h	60.965	long leg	$1.1M	$1.2M	20x