Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0313%/8h= −34.3% APRpaid last 24h +0.055%

Price spread now: BloFin against Lighter−0.021%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

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

costs, in and out, $10k−$210.206% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.021%, 7d avg +0.012%

Together, before fees−0.083%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and BloFin is 0.033% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.012%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.111% in total (about -5.8% 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	60.903	0.0360	pay 0.0045% / 1h	9m 19s	$1.1M	$1.2M	20x
Short	BloFin DRAM-USDT	60.890	0.0047	get 0.0047% / 8h	9m 19s	$297K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$65.76
Price spread: −0.021% → +0.012%: −$3.33
Slippage, 4 orders: −$8.65
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$89.74
Costs to cover: 0.206%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; BloFin: 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 Lighter live order book, 2 min ago	0.66 bp	0.7 bp −$1	8.5 bp −$85	63.5 bp −$6,352	doesn't fit
Sell BloFin live order book, 5 min ago	0.82 bp	7.0 bp −$7	12.4 bp −$124	42.0 bp −$4,201	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	−0.0765%	8h	60.930	+0.044%	$26.6M	$15.1M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	60.902	−0.001%	$195K	$38K	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	60.869	−0.056%	$421K	$340K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	60.930	+0.044%	$8.0M	$3.8M	75x	as long as short
Variational Omni DRAM	0.0000%	8h	60.847	−0.091%	$2.3M	$589K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	60.880	−0.038%	$36K	$209K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	60.880	−0.038%	$720	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.880	−0.038%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	60.900	−0.005%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0012%	8h	60.890	−0.021%	$5.4M	$6.0M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DRAM-USD	+0.0016%	1h	60.876	−0.045%	$74K	$198K	10x	as long as short
Binance DRAMUSDT	+0.0018%	8h	60.886	−0.027%	$43.8M	$89.1M	50x	as long as short
MEXC DRAM_USDT	+0.0018%	8h	60.880	−0.038%	$8.4M	$5.7M	100x	as long as short
Bybit DRAMUSDT	+0.0024%	8h	60.910	+0.011%	$9.6M	$10.4M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0038%	1h	60.859	−0.072%	$1K	$29K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	60.840	−0.103%	$47K	$67K	10x	as long as short
QFEX DRAM-USD	+0.0040%	1h	60.870	−0.054%	$991K	$84K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	60.860	−0.071%	—	—	10x	as long as short
BloFin DRAM-USDTshort	+0.0047%	8h	60.890	−0.021%	$297K	$26K	20x
Entropy io:DRAM	+0.0050%	1h	60.837	−0.108%	$179K	$479K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	60.849	−0.089%	$253K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	60.885	−0.030%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.830	−0.120%	$1.1M	$3.5M	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0079%	1h	60.870	−0.054%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0096%	8h	60.876	−0.044%	—	—	5x	as long as short
edgeX DRAMUSDC	+0.0100%	4h	60.849	−0.089%	$147K	$298K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	60.887	−0.026%	$73K	$34K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	60.870	−0.054%	$3.0M	$421K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	60.870	−0.054%	$21K	$183K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	60.880	−0.038%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	60.874	−0.047%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0176%	1h	60.940	+0.061%	$523K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0181%	1h	60.855	−0.079%	$78.7M	$35.7M	20x	as long as short
Lighter DRAMlong	+0.0360%	1h	60.903	long leg	$1.1M	$1.2M	20x