DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0071%/8h= −7.8% APRnext payment −$0.09 per $10,000 · paid last 24h −0.032%

Price spread now: Lighter against RISEx−0.003%7-day average −0.008% · 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−$7as in the Price arb table

costs, in and out, $10k−$80.078% of the position

Long on RISEx Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.003%, 7d avg −0.008%

Together, before fees−0.045%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx DRAM/USDC	61.990	0.0295	pay 0.0037% / 1h	19m 54s	$456K	$476K	20x
Short	Lighter DRAM	61.988	0.0224	get 0.0028% / 1h	19m 54s	$978K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against RISEx. 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 RISExbpFee LighterbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$14.9
Price spread: −0.003% → −0.008%: $0.48
Slippage, 4 orders: −$1.84
Fee RISEx: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$22.27
Costs to cover: 0.078%
Break-even: never at this rate

Slippage from RISEx: live order book, 59 min ago; Lighter: live order book, 1 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 RISEx live order book, 59 min ago	0.49 bp	3.5 bp −$3	4.6 bp −$46	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	0.40 bp	0.4 bp $0	1.8 bp −$18	37.6 bp −$3,758	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
Gate DRAM_USDT	0.0000%	8h	61.990	0.000%	$8.3M	$3.5M	75x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.990	0.000%	$872	$3.2M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.960	−0.048%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	−0.290%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0039%	1h	61.962	−0.045%	$1K	$36K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	61.945	−0.073%	$153K	$289K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.910	−0.129%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.962	−0.045%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.980	−0.016%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.940	−0.081%	$1.2M	$1.8M	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	+0.0079%	1h	61.990	0.000%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.905	−0.137%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.940	−0.081%	$3.0M	$472K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.870	−0.194%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.970	−0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.994	+0.006%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0165%	8h	61.990	0.000%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0170%	8h	61.980	−0.016%	$26.1M	$12.6M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.661%	$510K	$43K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0197%	8h	61.994	+0.006%	—	—	5x	as long as short
Lighter DRAMshort	+0.0224%	1h	61.988	−0.003%	$978K	$1.2M	20x
Aster DRAMUSDT	+0.0257%	8h	61.988	−0.004%	$199K	$36K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0264%	8h	61.962	−0.045%	$36K	$171K	10x	as long as short
Bybit DRAMUSDT	+0.0288%	8h	62.010	+0.032%	$9.3M	$10.5M	100x	as long as short
RISEx DRAM/USDClong	+0.0295%	1h	61.990	long leg	$456K	$476K	20x
tradeXYZ xyz:DRAM	+0.0304%	1h	61.969	−0.034%	$80.5M	$39.9M	20x	as long as short
Entropy io:DRAM	+0.0321%	1h	61.911	−0.127%	$255K	$493K	25x	as long as short
Variational Omni DRAM	+0.0349%	8h	61.967	−0.038%	$2.4M	$955K	—	as long as short
MEXC DRAM_USDT	+0.0390%	8h	61.970	−0.032%	$11.2M	$6.5M	100x	as long as short
Extended DRAM-USD	+0.0392%	1h	61.968	−0.035%	$77K	$767K	10x	as long as short
Binance DRAMUSDT	+0.0392%	8h	61.980	−0.016%	$43.7M	$82.3M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0557%	1h	61.990	0.000%	$13K	$9K	20x	as long as short
BloFin DRAM-USDT	+0.0650%	8h	61.970	−0.032%	$252K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.970	−0.032%	$50K	$90K	10x	as long as short