Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h —

Price spread now: Paradex against Lighter+0.012%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 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	62.570	0.0120	pay 0.0015% / 1h	21m 34s	$973K	$1.3M	20x
Short	Paradex DRAM-USD-PERP	62.578	0.0224	get 0.0224% / 8h	7h 21m	—	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.012%Rate

Funding earned: $21.91
Price spread: +0.012% → 0.000%: $1.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $19.16
Costs to cover: 0.040%
Break-even: 0.9 days

Slippage unknown: Lighter: live order book, 4 min ago; Paradex: no order-book sample. 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 Lighter live order book, 4 min ago	0.72 bp	0.7 bp −$1	1.2 bp −$12	61.2 bp −$6,122	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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
SunX DRAM-USDT	0.0000%	8h	62.530	−0.064%	$671	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.410	−0.256%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.560	−0.016%	$1.8M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0036%	1h	62.441	−0.206%	$1K	$35K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.530	−0.064%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.566	−0.006%	$268K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.545	−0.040%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.510	−0.096%	$1.1M	$1.9M	10x	as long as short
edgeX DRAMUSDC	+0.0098%	4h	62.468	−0.163%	$151K	$296K	20x	as long as short
Pacifica DRAM	+0.0100%	1h	62.586	+0.025%	$76K	$41K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin DRAMUSDTM	+0.0100%	8h	62.510	−0.096%	$3.0M	$425K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	−0.192%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.590	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.582	+0.019%	$4K	—	10x	as long as short
Lighter DRAMlong	+0.0120%	1h	62.570	long leg	$973K	$1.3M	20x
QFEX DRAM-USD	+0.0160%	1h	62.580	+0.016%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	−0.288%	$540K	$96K	20x	as long as short
Paradex DRAM-USD-PERPshort	+0.0224%	8h	62.578	+0.012%	—	—	5x
Deribit DRAM_USDC-PERPETUAL	+0.0230%	1h	62.550	−0.032%	$13K	$3K	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0236%	8h	62.610	+0.064%	$5.5M	$4.7M	50x	as long as short
tradeXYZ xyz:DRAM	+0.0242%	1h	62.552	−0.029%	$82.2M	$37.5M	20x	as long as short
Aster DRAMUSDT	+0.0442%	8h	62.484	−0.138%	$201K	$36K	20x	as long as short
Bybit DRAMUSDT	+0.0445%	8h	62.630	+0.096%	$9.6M	$10.5M	100x	as long as short
Variational Omni DRAM	+0.0508%	8h	62.525	−0.072%	$2.4M	$750K	—	as long as short
Bitget DRAMUSDT	+0.0529%	8h	62.590	+0.032%	$26.2M	$12.9M	20x	as long as short
Entropy io:DRAM	+0.0545%	1h	62.451	−0.190%	$254K	$453K	25x	as long as short
MEXC DRAM_USDT	+0.0564%	8h	62.580	+0.016%	$9.8M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0566%	8h	62.593	+0.037%	$44.7M	$82.2M	50x	as long as short
Extended DRAM-USD	+0.0568%	1h	62.571	+0.001%	$76K	$719K	10x	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.490	−0.128%	$51K	$81K	10x	as long as short
Gate DRAM_USDT	+0.0777%	8h	62.600	+0.048%	$8.3M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0935%	8h	62.440	−0.208%	$298K	$26K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1008%	8h	62.540	−0.048%	$37K	$156K	10x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.584	+0.022%	$462K	$494K	20x	as long as short