Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0075%/8h= −8.3% APRpaid last 24h +0.003%

Price spread now: Lighter against OKX−0.024%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

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

costs, in and out, $10k−$170.173% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 7 days−0.007%−$1 · spread now −0.024%, 7d avg −0.029%

Together, before fees+0.155%+ Points / potential airdropLighter: Season 3 · farm board+$16 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: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	62.380	0.0179	pay 0.0179% / 8h	5h 12m	$5.5M	$4.4M	50x
Short	Lighter DRAM	62.365	0.0104	get 0.0013% / 1h	12m 25s	$969K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.024%Rate

Funding earned: −$15.85
Price spread: −0.024% → −0.029%: $0.5
Slippage, 4 orders: −$7.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.64
Costs to cover: 0.173%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Lighter: live order book, 3 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 OKX live order book, 5 min ago	0.80 bp	7.7 bp −$8	15.0 bp −$150	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.72 bp	0.7 bp −$1	1.2 bp −$12	39.9 bp −$3,992	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
RISEx DRAM/USDC	0.0000%	1h	62.380	0.000%	$443K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.400	+0.032%	$697	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.330	−0.080%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.400	+0.032%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	62.310	−0.112%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.350	−0.048%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.080%	—	—	10x	as long as short
edgeX DRAMUSDC	+0.0047%	4h	62.361	−0.030%	$151K	$298K	20x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.350	−0.048%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.381	+0.002%	$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	62.320	−0.096%	$1.1M	$2.1M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.360	−0.032%	$1.0M	$78K	10x	as long as short
Bitget DRAMUSDT	+0.0084%	8h	62.380	0.000%	$26.3M	$13.2M	20x	as long as short
Entropy io:DRAM	+0.0090%	1h	62.332	−0.077%	$246K	$414K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.334	−0.074%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.350	−0.048%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.380	0.000%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.410	+0.048%	$9K	—	10x	as long as short
Lighter DRAMshort	+0.0104%	1h	62.365	−0.024%	$969K	$1.0M	20x
Aevo DRAM-PERP	+0.0104%	1h	62.407	+0.044%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0123%	8h	62.378	−0.002%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0150%	8h	62.380	0.000%	$37K	$161K	10x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0179%	8h	62.380	long leg	$5.5M	$4.4M	50x
tradeXYZ xyz:DRAM	+0.0181%	1h	62.360	−0.032%	$81.8M	$36.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.545%	$534K	$74K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.390	+0.016%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0246%	8h	62.420	+0.064%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0374%	8h	62.410	+0.048%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0459%	8h	62.363	−0.028%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0491%	8h	62.381	+0.001%	$44.9M	$81.2M	50x	as long as short
MEXC DRAM_USDT	+0.0493%	8h	62.370	−0.016%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0496%	1h	62.364	−0.026%	$75K	$636K	10x	as long as short
Gate DRAM_USDT	+0.0549%	8h	62.410	+0.048%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0720%	8h	62.400	+0.032%	$302K	$26K	20x	as long as short