Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h —

Price spread now: Paradex against Lighter+0.028%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	62.317	0.0104	pay 0.0013% / 1h	30m 33s	$964K	$1.2M	20x
Short	Paradex DRAM-USD-PERP	62.334	0.0205	get 0.0205% / 8h	7h 30m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.028%Rate

Funding earned: $21.28
Price spread: +0.028% → 0.000%: $2.79
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $20.07
Costs to cover: 0.040%
Break-even: 0.4 days

Slippage unknown: Lighter: live order book, 5 min ago; Paradex: 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, 5 min ago	0.96 bp	1.0 bp −$1	1.9 bp −$19	27.9 bp −$2,785	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
SunX DRAM-USDT	0.0000%	8h	62.290	−0.043%	$771	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.320	+0.005%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.290	−0.043%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	62.293	−0.038%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.280	−0.059%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.304	−0.021%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.292	−0.040%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.270	−0.075%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0070%	4h	62.351	+0.055%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.339	+0.035%	$76K	$40K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.300	−0.027%	$3.0M	$434K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.300	−0.027%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.300	−0.027%	$9K	—	10x	as long as short
Lighter DRAMlong	+0.0104%	1h	62.317	long leg	$964K	$1.2M	20x
Aevo DRAM-PERP	+0.0104%	1h	62.294	−0.037%	$4K	—	10x	as long as short
QFEX DRAM-USD	+0.0160%	1h	62.320	+0.005%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.920	−0.637%	$535K	$95K	20x	as long as short
Paradex DRAM-USD-PERPshort	+0.0205%	8h	62.334	+0.028%	—	—	5x
OKX DRAM-USDT-SWAP	+0.0225%	8h	62.350	+0.053%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0258%	1h	62.308	−0.014%	$81.8M	$39.4M	20x	as long as short
Aster DRAMUSDT	+0.0392%	8h	62.242	−0.120%	$200K	$36K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0393%	1h	62.280	−0.059%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0400%	8h	62.376	+0.095%	$9.6M	$10.5M	100x	as long as short
Bitget DRAMUSDT	+0.0450%	8h	62.340	+0.037%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0481%	8h	62.305	−0.019%	$2.4M	$751K	—	as long as short
Entropy io:DRAM	+0.0497%	1h	62.266	−0.082%	$254K	$462K	25x	as long as short
MEXC DRAM_USDT	+0.0518%	8h	62.330	+0.021%	$9.7M	$6.7M	100x	as long as short
Extended DRAM-USD	+0.0520%	1h	62.321	+0.006%	$75K	$769K	10x	as long as short
Binance DRAMUSDT	+0.0524%	8h	62.334	+0.027%	$44.5M	$81.5M	50x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.290	−0.043%	$51K	$82K	10x	as long as short
Gate DRAM_USDT	+0.0660%	8h	62.340	+0.037%	$8.3M	$3.4M	75x	as long as short
GRVT DRAM_USDT_Perp	+0.0866%	8h	62.370	+0.085%	$37K	$157K	10x	as long as short
BloFin DRAM-USDT	+0.0891%	8h	62.320	+0.005%	$298K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.325	+0.014%	$460K	$495K	20x	as long as short