Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.061%

Price spread now: Lighter against SunX+0.021%7-day average +0.004% · you sell dearer than you buy

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

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.290%+$29 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.021%, 7d avg +0.004%

Together, before fees+0.244%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.004%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX DRAM-USDT	61.950	0	get 0.0000% / 8h	48m 09s	$841	$3.2M	10x
Short	Lighter DRAM	61.963	0.0192	get 0.0024% / 1h	48m 09s	$977K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now +0.021%Rate

Funding earned: $40.32
Price spread: +0.021% → +0.004%: $1.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $34.03
Costs to cover: 0.080%
Break-even: 1.1 days

Slippage unknown: SunX: live order book, 9 min ago; 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 SunX live order book, 9 min ago	46.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.65 bp	0.6 bp −$1	1.5 bp −$15	44.6 bp −$4,463	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	61.980	+0.048%	$8.3M	$3.4M	75x	as long as short
SunX DRAM-USDTlong	0.0000%	8h	61.950	long leg	$841	$3.2M	10x
HTX DRAM-USDT	0.0000%	8h	61.910	−0.065%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.870	−0.129%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	61.941	−0.014%	$153K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.911	−0.063%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.870	−0.129%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.931	−0.031%	$211K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.960	+0.016%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.890	−0.097%	$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	61.950	0.000%	$1.0M	$80K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.963	+0.021%	$76K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.910	−0.065%	$3.0M	$475K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.940	−0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.960	+0.016%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.967	+0.027%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0136%	8h	61.980	+0.048%	$5.4M	$4.6M	50x	as long as short
Bitget DRAMUSDT	+0.0139%	8h	61.960	+0.016%	$26.0M	$12.7M	20x	as long as short
Aster DRAMUSDT	+0.0154%	8h	61.927	−0.037%	$199K	$36K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0169%	8h	61.958	+0.013%	—	—	5x	as long as short
GRVT DRAM_USDT_Perp	+0.0170%	8h	61.940	−0.016%	$36K	$178K	10x	as long as short
Lighter DRAMshort	+0.0192%	1h	61.963	+0.021%	$977K	$1.2M	20x
Coinbase International DRAM-PERP-INTX	+0.0192%	1h	61.580	−0.597%	$510K	$43K	20x	as long as short
Entropy io:DRAM	+0.0207%	1h	61.881	−0.111%	$260K	$502K	25x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0234%	1h	61.970	+0.032%	$13K	$9K	20x	as long as short
Variational Omni DRAM	+0.0237%	8h	61.947	−0.004%	$2.4M	$948K	—	as long as short
Bybit DRAMUSDT	+0.0270%	8h	62.000	+0.081%	$9.3M	$10.4M	100x	as long as short
MEXC DRAM_USDT	+0.0285%	8h	61.960	+0.016%	$11.2M	$6.5M	100x	as long as short
Binance DRAMUSDT	+0.0287%	8h	61.960	+0.016%	$43.9M	$82.4M	50x	as long as short
Extended DRAM-USD	+0.0288%	1h	61.959	+0.014%	$77K	$766K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0293%	1h	61.952	+0.003%	$80.3M	$39.8M	20x	as long as short
RISEx DRAM/USDC	+0.0295%	1h	61.961	+0.017%	$457K	$475K	20x	as long as short
BloFin DRAM-USDT	+0.0537%	8h	61.930	−0.032%	$295K	$27K	20x	as long as short
Arcus DRAM-USD	+0.0680%	1h	61.950	0.000%	$50K	$89K	10x	as long as short