Funding you earn now, next payment 07:00 UTC+0.0051%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h −0.042%
Price spread now: Lighter against Deribit+0.062%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.062% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit DRAM_USDC-PERPETUAL | 61.120 | 0.0077 | pay 0.0010% / 1h | 42m 10s | $13K | $3K | 20x |
| Short | Lighter DRAM | 61.158 | 0.0128 | get 0.0016% / 1h | 42m 10s | $1.1M | $1.2M | 20x |
Deribit DRAM_USDC-PERPETUAL
Lighter DRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.64
- Price spread: +0.062% → 0.000%
- $6.22
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $9.86
- Costs to cover
- 0.070%
- Break-even
- 0.5 days
Slippage unknown: Deribit: no order-book sample; Lighter: live order book, 4 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 Deribit no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.22 bp | 1.2 bp −$1 | 4.1 bp −$41 | 51.5 bp −$5,151 | doesn't fit |
Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0487% | 8h | 61.150 | +0.049% | $26.0M | $14.6M | 20x | as long as short |
| Bybit DRAMUSDT | 0.0000% | 8h | 61.150 | +0.049% | $9.4M | $10.3M | 100x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 61.156 | +0.059% | $424K | $367K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 61.180 | +0.098% | $8.0M | $3.7M | 75x | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 61.243 | +0.201% | $36K | $200K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 61.140 | +0.033% | $690 | $2.6M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 61.180 | +0.098% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 61.140 | +0.033% | $1.7M | $1.3M | 10x | as long as short |
| Aster DRAMUSDT | +0.0017% | 8h | 61.179 | +0.096% | $197K | $35K | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0027% | 8h | 61.140 | +0.033% | $5.4M | $5.9M | 50x | as long as short |
Bitget DRAMUSDT
Bybit DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
GRVT DRAM_USDT_Perp
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aster DRAMUSDT
OKX DRAM-USDT-SWAPShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps DRAMUSD | +0.0029% | 1h | 61.173 | +0.086% | $1K | $31K | 5x | as long as short |
| QFEX DRAM-USD | +0.0039% | 1h | 61.150 | +0.049% | $996K | $84K | 10x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 61.170 | +0.082% | $48K | $68K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 61.130 | +0.016% | — | — | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 61.167 | +0.077% | $169K | $469K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 61.113 | −0.011% | $254K | $1.4M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 61.171 | +0.083% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 61.090 | −0.049% | $1.1M | $3.4M | 10x | as long as short |
| Variational Omni DRAM | +0.0076% | 8h | 61.194 | +0.122% | $2.3M | $682K | — | as long as short |
| Deribit DRAM_USDC-PERPETUALlong | +0.0077% | 1h | 61.120 | long leg | $13K | $3K | 20x | |
| edgeX DRAMUSDC | +0.0085% | 4h | 61.216 | +0.157% | $148K | $299K | 20x | as long as short |
| tradeXYZ xyz:DRAM | +0.0097% | 1h | 61.107 | −0.021% | $79.2M | $35.9M | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 61.151 | +0.050% | $73K | $46K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 61.130 | +0.016% | $3.0M | $415K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 61.230 | +0.180% | $21K | $186K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 61.150 | +0.049% | $8K | — | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0102% | 8h | 61.135 | +0.024% | — | — | 5x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 61.144 | +0.040% | $4K | — | 10x | as long as short |
| BloFin DRAM-USDT | +0.0115% | 8h | 61.200 | +0.131% | $300K | $26K | 20x | as long as short |
| Binance DRAMUSDT | +0.0118% | 8h | 61.141 | +0.034% | $43.7M | $87.5M | 50x | as long as short |
| Extended DRAM-USD | +0.0120% | 1h | 61.127 | +0.011% | $74K | $193K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0120% | 8h | 61.130 | +0.016% | $8.0M | $5.6M | 100x | as long as short |
| Lighter DRAMshort | +0.0128% | 1h | 61.158 | +0.062% | $1.1M | $1.2M | 20x | |
| Coinbase International DRAM-PERP-INTX | +0.0160% | 1h | 61.110 | −0.016% | $525K | $75K | 20x | as long as short |
Aftermath Perps DRAMUSD
QFEX DRAM-USD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Entropy io:DRAM
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
Variational Omni DRAM
edgeX DRAMUSDC
tradeXYZ xyz:DRAM
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Paradex DRAM-USD-PERP
Aevo DRAM-PERP
BloFin DRAM-USDT
Binance DRAMUSDT
Extended DRAM-USD
MEXC DRAM_USDT
Coinbase International DRAM-PERP-INTX