Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h 0.000%

Price spread now: Lighter against Binance+0.010%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 7 days+0.037%+$4 · spread now +0.010%, 7d avg −0.032%

Together, before fees+0.157%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Lighter is 0.042% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.032%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance DRAMUSDT	60.370	0	get 0.0000% / 8h	7h 20m	$43.6M	$91.7M	50x
Short	Lighter DRAM	60.376	0.0296	get 0.0037% / 1h	20m 55s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: $62.16
Price spread: +0.010% → −0.032%: $4.18
Slippage, 4 orders: −$3.97
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $52.37
Costs to cover: 0.140%
Break-even: 1.1 days

Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago	0.83 bp	5.9 bp −$6	10.1 bp −$101	37.6 bp −$3,757	doesn't fit
Sell Lighter live order book, 5 min ago	0.91 bp	1.2 bp −$1	3.1 bp −$31	43.8 bp −$4,377	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	−0.0547%	8h	60.390	+0.033%	$26.4M	$15.2M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.364	−0.010%	$193K	$39K	20x	as long as short
Extended DRAM-USD	0.0000%	1h	60.356	−0.024%	$75K	$248K	10x	as long as short
Binance DRAMUSDTlong	0.0000%	8h	60.370	long leg	$43.6M	$91.7M	50x
RISEx DRAM/USDC	0.0000%	1h	60.298	−0.119%	$416K	$337K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.390	+0.033%	$7.9M	$3.7M	75x	as long as short
MEXC DRAM_USDT	0.0000%	8h	60.380	+0.017%	$8.4M	$5.4M	100x	as long as short
Variational Omni DRAM	0.0000%	8h	60.406	+0.060%	$2.2M	$688K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.230	−0.232%	$36K	$210K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.360	−0.017%	$727	$2.5M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX DRAM-USDT	0.0000%	8h	60.230	−0.232%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.400	+0.050%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0017%	8h	60.390	+0.033%	$5.4M	$6.3M	50x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.340	−0.050%	$47K	$67K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0041%	1h	60.234	−0.225%	$1K	$29K	5x	as long as short
edgeX DRAMUSDC	+0.0043%	4h	60.225	−0.241%	$146K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.430	+0.099%	—	—	10x	as long as short
Bybit DRAMUSDT	+0.0046%	8h	60.380	+0.017%	$9.5M	$10.5M	100x	as long as short
Entropy io:DRAM	+0.0050%	1h	60.318	−0.086%	$164K	$498K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.345	−0.041%	$251K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.367	−0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.260	−0.182%	$1.1M	$3.6M	10x	as long as short
QFEX DRAM-USD	+0.0053%	1h	60.400	+0.050%	$985K	$91K	10x	as long as short
BloFin DRAM-USDT	+0.0060%	8h	60.360	−0.017%	$301K	$26K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.316	−0.089%	$72K	$30K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.320	−0.083%	$2.9M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.250	−0.199%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.340	−0.050%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.322	−0.080%	$4K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0122%	8h	60.343	−0.044%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0198%	1h	60.372	+0.003%	$78.3M	$35.8M	20x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0248%	1h	60.100	−0.447%	$527K	$87K	20x	as long as short
Lighter DRAMshort	+0.0296%	1h	60.376	+0.010%	$1.1M	$1.2M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0745%	1h	60.360	−0.017%	$12K	$3K	20x	as long as short