Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.013%

Price spread now: Orderly against Lighter−0.015%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Orderly

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 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	61.319	0.0240	pay 0.0030% / 1h	12m 22s	$1.1M	$1.2M	20x
Short	Orderly PERP_DRAM_USDC_mythos	61.310	0.0100	get 0.0100% / 8h	2h 12m	$8K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.015%Rate

Funding earned: −$29.4
Price spread: −0.015% → 0.000%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$36.87
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 4 min ago; Orderly: 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, 4 min ago	0.65 bp	0.7 bp −$1	1.8 bp −$18	27.6 bp −$2,756	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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
Bitget DRAMUSDT	−0.0526%	8h	61.340	+0.034%	$26.0M	$14.2M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.301	−0.029%	$425K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.142	−0.288%	$36K	$196K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.240	−0.129%	$777	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.140	−0.292%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.240	−0.129%	$1.7M	$1.3M	10x	as long as short
Gate DRAM_USDT	+0.0008%	8h	61.370	+0.083%	$8.0M	$3.7M	75x	as long as short
Bybit DRAMUSDT	+0.0012%	8h	61.390	+0.116%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	61.197	−0.200%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.200	−0.194%	$48K	$69K	10x	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	+0.0045%	8h	61.370	+0.083%	$5.5M	$5.6M	50x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.280	−0.064%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.310	−0.015%	$998K	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.296	−0.038%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.245	−0.121%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.200	−0.194%	$1.1M	$3.3M	10x	as long as short
Aster DRAMUSDT	+0.0064%	8h	61.340	+0.034%	$197K	$35K	20x	as long as short
Entropy io:DRAM	+0.0084%	1h	61.174	−0.236%	$169K	$470K	25x	as long as short
edgeX DRAMUSDC	+0.0096%	4h	61.124	−0.318%	$148K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.237	−0.134%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.230	−0.145%	$3.0M	$409K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.120	−0.325%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythosshort	+0.0100%	8h	61.310	−0.015%	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.306	−0.021%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.115	−0.333%	$2.3M	$670K	—	as long as short
Paradex DRAM-USD-PERP	+0.0119%	8h	61.312	−0.011%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0145%	1h	61.326	+0.011%	$79.4M	$36.1M	20x	as long as short
BloFin DRAM-USDT	+0.0154%	8h	61.250	−0.113%	$300K	$26K	20x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.284	−0.057%	$76K	$188K	10x	as long as short
MEXC DRAM_USDT	+0.0168%	8h	61.320	+0.002%	$8.1M	$5.7M	100x	as long as short
Binance DRAMUSDT	+0.0171%	8h	61.360	+0.066%	$43.9M	$86.5M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.341%	$525K	$75K	20x	as long as short
Lighter DRAMlong	+0.0240%	1h	61.319	long leg	$1.1M	$1.2M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0403%	1h	61.250	−0.113%	$13K	$3K	20x	as long as short