DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0244%/8h= −26.7% APRnext payment −$0.30 per $10,000 · paid last 24h −0.057%

Price spread now: QFEX against Lighter−0.032%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$160.163% of the position

Long on Lighter Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.070%−$7 on $10k

Price spread, last 7 days−0.069%−$7 · spread now −0.032%, 7d avg −0.021%

Together, before fees−0.140%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.021%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.070% in total (about -7.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.790	0.0296	pay 0.0037% / 1h	20m 20s	$968K	$1.2M	20x
Short	QFEX DRAM-USD	61.770	0.0052	get 0.0007% / 1h	20m 20s	$1.0M	$77K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$51.16
Price spread: −0.032% → −0.021%: −$1.15
Slippage, 4 orders: −$6.31
Fee Lighter: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$68.62
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 min ago; QFEX: live order book, 5 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	0.57 bp	0.8 bp −$1	2.0 bp −$20	28.2 bp −$2,817	doesn't fit
Sell QFEX live order book, 5 min ago	2.43 bp	7.4 bp −$7	7.4 bp −$74	11.1 bp −$1,109	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	61.800	+0.016%	$8.2M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.790	0.000%	$824	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.770	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.790	0.000%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0025%	4h	61.777	−0.021%	$153K	$288K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0037%	1h	61.760	−0.048%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.700	−0.146%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.699	−0.147%	$253K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.764	−0.042%	$210K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.790	0.000%	$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	61.710	−0.129%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USDshort	+0.0052%	1h	61.770	−0.032%	$1.0M	$77K	10x
Pacifica DRAM	+0.0100%	1h	61.743	−0.076%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.780	−0.016%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.810	+0.032%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.780	−0.016%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.801	+0.017%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0107%	8h	61.740	−0.081%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0115%	8h	61.790	0.000%	$26.0M	$12.5M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0120%	8h	61.800	+0.016%	$5.4M	$4.6M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0140%	8h	61.780	−0.016%	$36K	$183K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0164%	8h	61.767	−0.036%	—	—	5x	as long as short
Variational Omni DRAM	+0.0196%	8h	61.777	−0.021%	$2.4M	$949K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.340%	$510K	$43K	20x	as long as short
Bybit DRAMUSDT	+0.0233%	8h	61.830	+0.065%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0239%	8h	61.790	0.000%	$11.2M	$6.4M	100x	as long as short
Extended DRAM-USD	+0.0240%	1h	61.778	−0.020%	$77K	$765K	10x	as long as short
Binance DRAMUSDT	+0.0241%	8h	61.790	0.000%	$43.8M	$82.6M	50x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.796	+0.009%	$455K	$475K	20x	as long as short
Lighter DRAMlong	+0.0296%	1h	61.790	long leg	$968K	$1.2M	20x
tradeXYZ xyz:DRAM	+0.0312%	1h	61.784	−0.010%	$79.3M	$39.4M	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.780	−0.016%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0467%	8h	61.800	+0.016%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.770	−0.032%	$50K	$91K	10x	as long as short