DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against Coinbase International+0.203%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.203%, 7d avg +0.157%

Together, before fees−0.264%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.046% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.157%. Mind the row above: over the last 7 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.720	0.0104	pay 0.0013% / 1h	16m 24s	$530K	$74K	20x
Short	Lighter DRAM	61.845	0.0200	get 0.0025% / 1h	16m 24s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.203%Rate

Funding earned: $20.16
Price spread: +0.203% → +0.157%: $4.56
Slippage, 4 orders: −$13.97
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.74
Costs to cover: 0.240%
Break-even: 6.7 days

Slippage from Coinbase International: live order book, 37 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 Coinbase International live order book, 37 min ago	4.82 bp	11.0 bp −$11	15.0 bp −$150	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.40 bp	0.4 bp $0	3.1 bp −$31	51.8 bp −$5,182	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	61.824	+0.168%	$435K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.850	+0.211%	$26.0M	$13.7M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.880	+0.259%	$36K	$187K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.830	+0.178%	$762	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.780	+0.097%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.820	+0.162%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.800	+0.130%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.840	+0.194%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.770	+0.081%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.790	+0.113%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.767	+0.076%	$172K	$461K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.800	+0.130%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.749	+0.047%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.730	+0.016%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.860	+0.227%	$5.4M	$4.6M	50x	as long as short
edgeX DRAMUSDC	+0.0063%	4h	61.879	+0.258%	$150K	$298K	20x	as long as short
Bybit DRAMUSDT	+0.0072%	8h	61.838	+0.191%	$9.6M	$9.9M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.797	+0.125%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.780	+0.097%	$3.0M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.800	+0.130%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.820	+0.162%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.806	+0.140%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0104%	1h	61.720	long leg	$530K	$74K	20x
Paradex DRAM-USD-PERP	+0.0109%	8h	61.828	+0.175%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0132%	1h	61.805	+0.138%	$80.4M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0140%	8h	61.796	+0.122%	$199K	$35K	20x	as long as short
Lighter DRAMshort	+0.0200%	1h	61.845	+0.203%	$1.1M	$1.2M	20x
Variational Omni DRAM	+0.0204%	8h	61.884	+0.266%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDT	+0.0225%	8h	61.760	+0.065%	$300K	$26K	20x	as long as short
MEXC DRAM_USDT	+0.0255%	8h	61.840	+0.194%	$8.2M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0255%	8h	61.830	+0.178%	$44.3M	$81.7M	50x	as long as short
Extended DRAM-USD	+0.0256%	1h	61.803	+0.134%	$75K	$239K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.810	+0.146%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0399%	8h	61.850	+0.211%	$8.1M	$3.6M	75x	as long as short