DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0150%/8h= +16.4% APRnext payment +$0.19 per $10,000 · paid last 24h −0.008%

Price spread now: Lighter against Entropy+0.034%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Entropy Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.034%, 7d avg −0.003%

Together, before fees−0.006%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.037% dearer against Entropy than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Entropy io:DRAM	61.752	0.0050	pay 0.0006% / 1h	17m 43s	$172K	$461K	25x
Short	Lighter DRAM	61.773	0.0200	get 0.0025% / 1h	17m 43s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Entropy. 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 EntropybpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: $31.5
Price spread: +0.034% → −0.003%: $3.66
Slippage, 4 orders: −$9.78
Fee Entropy: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.38
Costs to cover: 0.278%
Break-even: 5.4 days

Slippage from Entropy: live order book, 67 min ago; Lighter: live order book, 3 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 Entropy live order book, 67 min ago	2.16 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 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	61.722	−0.049%	$434K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.810	+0.094%	$26.0M	$13.7M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.880	+0.207%	$36K	$187K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.730	−0.036%	$816	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.780	+0.045%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.750	−0.003%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	61.788	+0.058%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.730	−0.036%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.780	+0.045%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.730	−0.036%	—	—	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:DRAMlong	+0.0050%	1h	61.752	long leg	$172K	$461K	25x
Polymarket Perps DRAM-USD	+0.0050%	1h	61.706	−0.074%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.725	−0.044%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.660	−0.149%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.790	+0.062%	$5.4M	$4.6M	50x	as long as short
edgeX DRAMUSDC	+0.0063%	4h	61.879	+0.206%	$150K	$298K	20x	as long as short
Bybit DRAMUSDT	+0.0072%	8h	61.783	+0.050%	$9.6M	$9.9M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0074%	1h	61.720	−0.052%	$13K	$3K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.740	−0.019%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.710	−0.068%	$3.0M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.880	+0.207%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	−0.036%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.736	−0.026%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.580%	$533K	$75K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0108%	8h	61.730	−0.036%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0129%	1h	61.738	−0.023%	$80.3M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0142%	8h	61.756	+0.007%	$199K	$35K	20x	as long as short
Lighter DRAMshort	+0.0200%	1h	61.773	+0.034%	$1.1M	$1.2M	20x
Variational Omni DRAM	+0.0204%	8h	61.884	+0.214%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDT	+0.0242%	8h	61.780	+0.045%	$299K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0255%	8h	61.764	+0.019%	$44.3M	$81.6M	50x	as long as short
Extended DRAM-USD	+0.0256%	1h	61.699	−0.086%	$75K	$239K	10x	as long as short
MEXC DRAM_USDT	+0.0260%	8h	61.730	−0.036%	$8.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0403%	8h	61.790	+0.062%	$8.1M	$3.6M	75x	as long as short