Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0304%/8h= −33.3% APRpaid last 24h 0.000%

Price spread now: Gate against Lighter+0.023%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.023%, 7d avg +0.035%

Together, before fees−0.260%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.716	0.0304	pay 0.0038% / 1h	44m 45s	$992K	$1.2M	20x
Short	Gate DRAM_USDT	61.730	0	get 0.0000% / 8h	1h 44m	$8.2M	$3.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.023%Rate

Funding earned: −$63.84
Price spread: +0.023% → +0.035%: −$1.24
Slippage, 4 orders: −$15.95
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.03
Costs to cover: 0.309%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 min ago; Gate: live order book, 4 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, 1 min ago	0.65 bp	0.8 bp −$1	1.3 bp −$13	22.9 bp −$2,291	doesn't fit
Sell Gate live order book, 4 min ago	2.43 bp	15.1 bp −$15	25.3 bp −$253	32.7 bp −$3,271	62.8 bp −$31.4K

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
Gate DRAM_USDTshort	0.0000%	8h	61.730	+0.023%	$8.2M	$3.5M	75x
SunX DRAM-USDT	0.0000%	8h	61.730	+0.023%	$1K	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.730	+0.023%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.730	+0.023%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0032%	4h	61.709	−0.011%	$153K	$290K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	61.696	−0.032%	$1K	$36K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.650	−0.107%	—	$797	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.678	−0.062%	$254K	$505K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.700	−0.026%	$204K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.726	+0.016%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.123%	$1.2M	$1.7M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	61.710	−0.010%	$1.0M	$77K	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0087%	8h	61.740	+0.039%	$5.4M	$4.6M	50x	as long as short
Aster DRAMUSDT	+0.0090%	8h	61.727	+0.017%	$198K	$36K	20x	as long as short
Bitget DRAMUSDT	+0.0094%	8h	61.750	+0.055%	$26.0M	$12.5M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.740	+0.038%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.720	+0.006%	$3.0M	$476K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.710	−0.010%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.730	+0.023%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.731	+0.025%	$4K	—	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0134%	8h	61.707	−0.015%	$35K	$189K	10x	as long as short
Paradex DRAM-USD-PERP	+0.0149%	8h	61.703	−0.021%	—	—	5x	as long as short
Variational Omni DRAM	+0.0173%	8h	61.699	−0.027%	$2.4M	$967K	—	as long as short
Bybit DRAMUSDT	+0.0179%	8h	61.766	+0.081%	$9.3M	$10.3M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0208%	1h	61.580	−0.220%	$510K	$44K	20x	as long as short
MEXC DRAM_USDT	+0.0221%	8h	61.730	+0.023%	$11.2M	$6.4M	100x	as long as short
Binance DRAMUSDT	+0.0222%	8h	61.731	+0.024%	$43.7M	$82.7M	50x	as long as short
Extended DRAM-USD	+0.0224%	1h	61.720	+0.006%	$102K	$741K	10x	as long as short
RISEx DRAM/USDC	+0.0257%	1h	61.731	+0.024%	$480K	$442K	20x	as long as short
Lighter DRAMlong	+0.0304%	1h	61.716	long leg	$992K	$1.2M	20x
tradeXYZ xyz:DRAM	+0.0321%	1h	61.717	+0.002%	$79.2M	$39.9M	20x	as long as short
BloFin DRAM-USDT	+0.0334%	8h	61.710	−0.010%	$294K	$27K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0561%	1h	61.730	+0.023%	$13K	$9K	20x	as long as short
Arcus DRAM-USD	+0.0649%	1h	61.710	−0.010%	$50K	$92K	10x	as long as short