Funding you earn now, next payment 03:00 UTC+0.0411%/8h= +45.0% APRpaid last 24h +0.023%
Price spread now: Binance against Lighter+0.045%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$140.145% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days−0.020%−$2 · spread now +0.045%, 7d avg +0.033%
=Together, before fees−0.129%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.109%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% 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 | Lighter DRAM | 62.192 | 0.0104 | pay 0.0013% / 1h | 28m 23s | $967K | $1.0M | 20x |
| Short | Binance DRAMUSDT | 62.220 | 0.0515 | get 0.0515% / 8h | 5h 28m | $44.7M | $81.7M | 50x |
Lighter DRAM
Binance DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $86.38
- Price spread: +0.045% → +0.033%
- $1.22
- Slippage, 4 orders
- −$4.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $73.12
- Costs to cover
- 0.145%
- Break-even
- 1.1 days
Slippage from Lighter: live order book, 2 min ago; Binance: live order book, 14 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 Lighter live order book, 2 min ago | 0.80 bp | 0.9 bp −$1 | 1.4 bp −$14 | 22.0 bp −$2,195 | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.80 bp | 5.8 bp −$6 | 6.9 bp −$69 | 33.2 bp −$3,316 | 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 | 62.214 | +0.035% | $441K | $506K | 20x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 62.210 | +0.029% | $958 | $2.8M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.240 | +0.077% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.260 | +0.109% | $1.7M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0030% | 1h | 62.203 | +0.017% | $1K | $33K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.220 | +0.045% | $51K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.190 | −0.003% | — | — | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.205 | +0.021% | $266K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.216 | +0.039% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.130 | −0.100% | $1.2M | $2.1M | 10x | as long as short |
RISEx DRAM/USDC
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.PShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX DRAM-USD | +0.0055% | 1h | 62.200 | +0.013% | $1.0M | $78K | 10x | as long as short |
| Entropy io:DRAM | +0.0063% | 1h | 62.182 | −0.016% | $251K | $422K | 25x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0072% | 1h | 62.200 | +0.013% | $13K | $3K | 20x | as long as short |
| edgeX DRAMUSDC | +0.0073% | 4h | 62.261 | +0.111% | $151K | $298K | 20x | as long as short |
| Bitget DRAMUSDT | +0.0078% | 8h | 62.220 | +0.045% | $26.2M | $13.2M | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.210 | +0.028% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.220 | +0.045% | $3.0M | $401K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.210 | +0.029% | $22K | $185K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.240 | +0.077% | $9K | — | 10x | as long as short |
| Lighter DRAMlong | +0.0104% | 1h | 62.192 | long leg | $967K | $1.0M | 20x | |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.239 | +0.076% | $4K | — | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0134% | 8h | 62.198 | +0.010% | — | — | 5x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0166% | 8h | 62.270 | +0.125% | $37K | $157K | 10x | as long as short |
| tradeXYZ xyz:DRAM | +0.0178% | 1h | 62.202 | +0.016% | $81.7M | $37.2M | 20x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0184% | 1h | 62.040 | −0.244% | $534K | $76K | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0192% | 8h | 62.230 | +0.061% | $5.5M | $4.4M | 50x | as long as short |
| Bybit DRAMUSDT | +0.0268% | 8h | 62.250 | +0.093% | $9.7M | $10.1M | 100x | as long as short |
| Aster DRAMUSDT | +0.0394% | 8h | 62.240 | +0.077% | $200K | $36K | 20x | as long as short |
| Variational Omni DRAM | +0.0480% | 8h | 62.252 | +0.097% | $2.4M | $715K | — | as long as short |
| Extended DRAM-USD | +0.0512% | 1h | 62.203 | +0.017% | $75K | $669K | 10x | as long as short |
| MEXC DRAM_USDT | +0.0515% | 8h | 62.220 | +0.045% | $9.2M | $5.6M | 100x | as long as short |
| Binance DRAMUSDTshort | +0.0515% | 8h | 62.220 | +0.045% | $44.7M | $81.7M | 50x | |
| Gate DRAM_USDT | +0.0540% | 8h | 62.270 | +0.125% | $8.1M | $3.5M | 75x | as long as short |
| BloFin DRAM-USDT | +0.0774% | 8h | 62.250 | +0.093% | $301K | $26K | 20x | as long as short |
QFEX DRAM-USD
Entropy io:DRAM
Deribit DRAM_USDC-PERPETUAL
edgeX DRAMUSDC
Bitget DRAMUSDT
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Paradex DRAM-USD-PERP
GRVT DRAM_USDT_Perp
tradeXYZ xyz:DRAM
Coinbase International DRAM-PERP-INTX
OKX DRAM-USDT-SWAP
Bybit DRAMUSDT
Aster DRAMUSDT
Variational Omni DRAM
Extended DRAM-USD
MEXC DRAM_USDT
Gate DRAM_USDT
BloFin DRAM-USDT