Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h 0.000%

Price spread now: Lighter against Aster+0.011%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.011%, 7d avg −0.002%

Together, before fees+0.162%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, 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	Aster DRAMUSDT	61.492	0.0055	pay 0.0055% / 8h	2h 01m	$198K	$35K	20x
Short	Lighter DRAM	61.499	0.0248	get 0.0031% / 1h	1m 03s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.011%Rate

Funding earned: $40.53
Price spread: +0.011% → −0.002%: $1.28
Slippage, 4 orders: −$18.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $15.22
Costs to cover: 0.266%
Break-even: 4.4 days

Slippage from Aster: live order book, 45 min ago; Lighter: live order book, 5 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 Aster live order book, 45 min ago	3.24 bp	13.6 bp −$14	37.4 bp −$374	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.38 bp	1.5 bp −$1	4.5 bp −$45	50.9 bp −$5,094	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
Bitget DRAMUSDT	−0.0452%	8h	61.480	−0.020%	$26.1M	$14.5M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.427	−0.106%	$425K	$506K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.530	+0.061%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.430	−0.102%	$36K	$197K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.430	−0.102%	$611	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.370	−0.199%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.480	−0.020%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0010%	8h	61.490	−0.004%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.379	−0.184%	$1K	$31K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.390	−0.167%	$48K	$69K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0044%	8h	61.480	−0.020%	$5.5M	$5.7M	50x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.410	−0.134%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.430	−0.102%	$1.0M	$84K	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.416	−0.124%	$255K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.448	−0.072%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.400	−0.150%	$1.1M	$3.4M	10x	as long as short
Aster DRAMUSDTlong	+0.0055%	8h	61.492	long leg	$198K	$35K	20x
Entropy io:DRAM	+0.0065%	1h	61.383	−0.178%	$170K	$470K	25x	as long as short
edgeX DRAMUSDC	+0.0080%	4h	61.398	−0.154%	$149K	$299K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.394	−0.161%	$74K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.450	−0.069%	$3.0M	$412K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.440	−0.085%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.460	−0.053%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.465	−0.045%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0106%	8h	61.444	−0.078%	$2.3M	$669K	—	as long as short
Paradex DRAM-USD-PERP	+0.0117%	8h	61.422	−0.114%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0147%	1h	61.444	−0.079%	$79.6M	$36.1M	20x	as long as short
Binance DRAMUSDT	+0.0159%	8h	61.460	−0.053%	$44.0M	$87.0M	50x	as long as short
Extended DRAM-USD	+0.0160%	1h	61.442	−0.081%	$76K	$188K	10x	as long as short
MEXC DRAM_USDT	+0.0160%	8h	61.470	−0.036%	$8.1M	$5.7M	100x	as long as short
BloFin DRAM-USDT	+0.0179%	8h	61.470	−0.036%	$300K	$26K	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.110	−0.622%	$525K	$75K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0238%	1h	61.470	−0.036%	$13K	$3K	20x	as long as short
Lighter DRAMshort	+0.0248%	1h	61.499	+0.011%	$1.1M	$1.2M	20x