DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter against QFEX−0.003%7-day average +0.016% · 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−$18as in the Price arb table

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

Long on QFEX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.077%+$8 on $10k

Price spread, last 7 days+0.020%+$2 · spread now −0.003%, 7d avg +0.016%

Together, before fees+0.097%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.077%, 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	QFEX DRAM-USD	62.480	0.0052	pay 0.0007% / 1h	22m 15s	$1.0M	$78K	10x
Short	Lighter DRAM	62.478	0.0032	get 0.0004% / 1h	22m 15s	$971K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against QFEX. 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 QFEXbpFee LighterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$4.28
Price spread: −0.003% → +0.016%: −$1.96
Slippage, 4 orders: −$6.25
Fee QFEX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.49
Costs to cover: 0.163%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 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 QFEX live order book, 3 min ago	2.40 bp	7.4 bp −$7	8.7 bp −$87	14.7 bp −$1,473	doesn't fit
Sell Lighter live order book, 3 min ago	0.64 bp	0.6 bp −$1	3.7 bp −$37	74.2 bp −$7,424	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	62.500	+0.032%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.500	+0.032%	$497	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.420	−0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.520	+0.064%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.436	−0.071%	$1K	$32K	5x	as long as short
Lighter DRAMshort	+0.0032%	1h	62.478	−0.003%	$971K	$1.0M	20x
GRVT DRAM_USDT_Perp	+0.0037%	8h	62.460	−0.032%	$37K	$171K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.450	−0.048%	$49K	$78K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.440	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.470	−0.016%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.493	+0.021%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.450	−0.048%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USDlong	+0.0052%	1h	62.480	long leg	$1.0M	$78K	10x
tradeXYZ xyz:DRAM	+0.0067%	1h	62.471	−0.014%	$81.9M	$35.3M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0082%	8h	62.479	−0.002%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0094%	8h	62.500	+0.032%	$26.3M	$13.3M	20x	as long as short
edgeX DRAMUSDC	+0.0095%	4h	62.448	−0.051%	$151K	$297K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.439	−0.066%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.450	−0.048%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.470	−0.016%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.500	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.493	+0.021%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0112%	8h	62.510	+0.048%	$5.5M	$4.5M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.240%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0158%	1h	62.443	−0.059%	$183K	$441K	25x	as long as short
Bybit DRAMUSDT	+0.0159%	8h	62.528	+0.077%	$9.8M	$9.7M	100x	as long as short
Aster DRAMUSDT	+0.0271%	8h	62.468	−0.020%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0355%	8h	62.443	−0.059%	$2.4M	$747K	—	as long as short
Extended DRAM-USD	+0.0384%	1h	62.493	+0.021%	$76K	$622K	10x	as long as short
Binance DRAMUSDT	+0.0386%	8h	62.516	+0.058%	$45.0M	$80.1M	50x	as long as short
MEXC DRAM_USDT	+0.0387%	8h	62.500	+0.032%	$8.9M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.490	+0.016%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0454%	8h	62.510	+0.048%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0636%	8h	62.520	+0.064%	$8.2M	$3.5M	75x	as long as short