Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.046%

Price spread now: SunX against Lighter−0.049%7-day average 0.000% · you buy dearer than you sell

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

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.286%−$29 on $10k

Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.049%, 7d avg 0.000%

Together, before fees−0.212%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.049% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of 0.000%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.150	0.0032	pay 0.0004% / 1h	47m 44s	$1.1M	$1.4M	20x
Short	SunX DRAM-USDT	61.120	0	get 0.0000% / 8h	4h 47m	$921	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$6.72
Price spread: −0.049% → 0.000%: −$4.87
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$19.59
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 1 min ago; SunX: live order book, 3 min ago. 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, 1 min ago	0.65 bp	1.2 bp −$1	2.7 bp −$27	33.4 bp −$3,339	doesn't fit
Sell SunX live order book, 3 min ago	82.64 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

DRAM on 34 exchanges

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
Bybit DRAMUSDT	0.0000%	8h	61.137	−0.021%	$9.5M	$11.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.107	−0.070%	$459K	$368K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.130	−0.033%	$26.7M	$17.0M	20x	as long as short
SunX DRAM-USDTshort	0.0000%	8h	61.120	−0.049%	$921	$2.3M	10x
HTX DRAM-USDT	0.0000%	8h	61.050	−0.164%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.110	−0.065%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0013%	4h	61.204	+0.089%	$149K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0027%	1h	61.128	−0.037%	$1K	$26K	5x	as long as short
Gate DRAM_USDT	+0.0030%	8h	61.140	−0.016%	$7.9M	$3.5M	75x	as long as short
QFEX DRAM-USD	+0.0032%	1h	61.080	−0.114%	$998K	$98K	10x	as long as short

Show all 34 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter DRAMlong	+0.0032%	1h	61.150	long leg	$1.1M	$1.4M	20x
Arcus DRAM-USD	+0.0040%	1h	61.050	−0.164%	$59K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.060	−0.147%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.093	−0.093%	$299K	$1.7M	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.060	−0.147%	$254K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.086	−0.105%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.000	−0.245%	$1.1M	$3.7M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.100	−0.082%	$12K	$4K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.091	−0.096%	$74K	$31K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.100	−0.082%	$3.0M	$410K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.230	+0.131%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.130	−0.033%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0101%	8h	61.094	−0.092%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.120	−0.049%	$4K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0122%	1h	61.101	−0.080%	$79.2M	$38.6M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0166%	8h	61.140	−0.016%	$5.4M	$6.4M	50x	as long as short
Aster DRAMUSDT	+0.0171%	8h	61.143	−0.011%	$195K	$28K	20x	as long as short
Variational Omni DRAM	+0.0214%	8h	61.209	+0.096%	$2.2M	$686K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0216%	1h	61.140	−0.016%	$536K	$91K	20x	as long as short
Binance DRAMUSDT	+0.0262%	8h	61.130	−0.033%	$44.2M	$98.8M	50x	as long as short
Extended DRAM-USD	+0.0264%	1h	61.109	−0.067%	$98K	$604K	10x	as long as short
MEXC DRAM_USDT	+0.0267%	8h	61.110	−0.065%	$9.7M	$5.6M	100x	as long as short
GRVT DRAM_USDT_Perp	+0.0271%	8h	61.228	+0.127%	$36K	$229K	10x	as long as short
BloFin DRAM-USDT	+0.0674%	8h	61.090	−0.098%	$306K	$27K	20x	as long as short