Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.013%

Price spread now: Lighter against Orderly+0.063%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.063% dearer against Orderly than usual: you sell high and buy low: +$6 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	Orderly PERP_DRAM_USDC_mythos	61.700	0.0100	pay 0.0100% / 8h	2h 52m	$8K	—	10x
Short	Lighter DRAM	61.739	0.0248	get 0.0031% / 1h	52m 45s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.063%Rate

Funding earned: $31.08
Price spread: +0.063% → 0.000%: $6.32
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $31.4
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter: 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	1.30 bp	1.3 bp −$1	2.0 bp −$20	35.7 bp −$3,575	doesn't fit

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
RISEx DRAM/USDC	0.0000%	1h	61.700	0.000%	$434K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.730	+0.049%	$26.1M	$13.9M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.610	−0.146%	$37K	$189K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.710	+0.016%	$919	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.670	−0.049%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.710	+0.016%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0018%	4h	61.622	−0.126%	$149K	$298K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.589	−0.180%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.600	−0.162%	$48K	$76K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.670	−0.049%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0050%	1h	61.700	0.000%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.684	−0.026%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.703	+0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.600	−0.162%	$1.1M	$2.5M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0057%	8h	61.770	+0.113%	$5.5M	$4.7M	50x	as long as short
Bybit DRAMUSDT	+0.0062%	8h	61.764	+0.104%	$9.5M	$10.0M	100x	as long as short
Entropy io:DRAM	+0.0093%	1h	61.640	−0.097%	$170K	$465K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	61.695	−0.008%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.680	−0.032%	$3.0M	$401K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.680	−0.032%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythoslong	+0.0100%	8h	61.700	long leg	$8K	—	10x
Aevo DRAM-PERP	+0.0104%	1h	61.706	+0.010%	$4K	—	10x	as long as short
Aster DRAMUSDT	+0.0111%	8h	61.736	+0.058%	$199K	$35K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0113%	8h	61.692	−0.013%	—	—	5x	as long as short
Variational Omni DRAM	+0.0175%	8h	61.664	−0.058%	$2.4M	$618K	—	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.510	−0.308%	$528K	$74K	20x	as long as short
Binance DRAMUSDT	+0.0224%	8h	61.747	+0.076%	$44.2M	$83.2M	50x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.703	+0.005%	$74K	$238K	10x	as long as short
MEXC DRAM_USDT	+0.0226%	8h	61.730	+0.049%	$9.0M	$5.5M	100x	as long as short
BloFin DRAM-USDT	+0.0227%	8h	61.720	+0.032%	$300K	$26K	20x	as long as short
Lighter DRAMshort	+0.0248%	1h	61.739	+0.063%	$1.1M	$1.2M	20x
tradeXYZ xyz:DRAM	+0.0256%	1h	61.719	+0.031%	$80.2M	$35.5M	20x	as long as short
Gate DRAM_USDT	+0.0270%	8h	61.750	+0.081%	$8.1M	$3.6M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0399%	1h	61.700	0.000%	$13K	$3K	20x	as long as short