Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h —

Price spread now: Lighter against Paradex−0.006%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Lighter

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 airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex DRAM-USD-PERP	62.374	0.0120	pay 0.0120% / 8h	5h 10m	—	—	5x
Short	Lighter DRAM	62.371	0.0096	get 0.0012% / 1h	10m 40s	$969K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$5.03
Price spread: −0.006% → 0.000%: −$0.56
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.59
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 5 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.72 bp	0.7 bp −$1	1.2 bp −$12	39.9 bp −$3,992	doesn't fit

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
RISEx DRAM/USDC	0.0000%	1h	62.360	−0.022%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.360	−0.023%	$799	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.360	−0.023%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.390	+0.025%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	62.340	−0.056%	$1K	$33K	5x	as long as short
edgeX DRAMUSDC	+0.0030%	4h	62.388	+0.021%	$151K	$296K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.350	−0.039%	$51K	$80K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.330	−0.071%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.338	−0.058%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.375	+0.001%	$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	62.300	−0.119%	$1.1M	$2.1M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.340	−0.055%	$1.0M	$78K	10x	as long as short
Entropy io:DRAM	+0.0087%	1h	62.338	−0.058%	$246K	$414K	25x	as long as short
Bitget DRAMUSDT	+0.0089%	8h	62.400	+0.041%	$26.3M	$13.2M	20x	as long as short
Lighter DRAMshort	+0.0096%	1h	62.371	−0.006%	$969K	$1.0M	20x
Pacifica DRAM	+0.0100%	1h	62.343	−0.051%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.360	−0.023%	$3.0M	$389K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.340	−0.055%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.400	+0.041%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.392	+0.029%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERPlong	+0.0120%	8h	62.374	long leg	—	—	5x
GRVT DRAM_USDT_Perp	+0.0142%	8h	62.400	+0.040%	$37K	$162K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0176%	8h	62.410	+0.057%	$5.5M	$4.4M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0177%	1h	62.372	−0.004%	$81.8M	$36.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.536%	$534K	$74K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0231%	1h	62.370	−0.007%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0246%	8h	62.418	+0.070%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0368%	8h	62.396	+0.034%	$201K	$36K	20x	as long as short
Variational Omni DRAM	+0.0449%	8h	62.353	−0.035%	$2.4M	$717K	—	as long as short
Binance DRAMUSDT	+0.0487%	8h	62.383	+0.014%	$44.9M	$81.2M	50x	as long as short
MEXC DRAM_USDT	+0.0487%	8h	62.380	+0.009%	$9.2M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0488%	1h	62.369	−0.009%	$76K	$637K	10x	as long as short
Gate DRAM_USDT	+0.0555%	8h	62.430	+0.089%	$8.2M	$3.6M	75x	as long as short
BloFin DRAM-USDT	+0.0708%	8h	62.370	−0.007%	$302K	$26K	20x	as long as short