Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0421%/8h= −46.1% APRpaid last 24h −0.023%

Price spread now: Lighter against MEXC−0.014%7-day average −0.024% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$2as in the Price arb table

costs, in and out, $10k−$30.035% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 7 days−0.001%$0 · spread now −0.014%, 7d avg −0.024%

Together, before fees+0.109%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you.

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	MEXC DRAM_USDT	62.220	0.0549	pay 0.0549% / 8h	5h 48m	$9.6M	$5.5M	100x
Short	Lighter DRAM	62.211	0.0128	get 0.0016% / 1h	48m 41s	$967K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$88.41
Price spread: −0.014% → −0.024%: $0.99
Slippage, 4 orders: −$3.46
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$90.88
Costs to cover: 0.035%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 7 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 MEXC live order book, 4 min ago	0.80 bp	1.1 bp −$1	2.3 bp −$23	6.9 bp −$690	doesn't fit
Sell Lighter live order book, 7 min ago	0.80 bp	0.8 bp −$1	2.3 bp −$23	49.5 bp −$4,947	doesn't fit

DRAM on 33 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	62.290	+0.112%	$442K	$506K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.260	+0.064%	$760	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.280	+0.096%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.270	+0.080%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0031%	1h	62.257	+0.059%	$1K	$33K	5x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.280	+0.096%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.240	+0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.259	+0.063%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.254	+0.055%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.230	+0.016%	$1.2M	$1.9M	10x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX DRAM-USD	+0.0055%	1h	62.270	+0.080%	$1.0M	$78K	10x	as long as short
edgeX DRAMUSDC	+0.0058%	4h	62.298	+0.125%	$151K	$297K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.240	+0.032%	$13K	$3K	20x	as long as short
Entropy io:DRAM	+0.0078%	1h	62.218	−0.003%	$253K	$421K	25x	as long as short
Pacifica DRAM	+0.0100%	1h	62.227	+0.011%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.230	+0.016%	$3.0M	$405K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.320	+0.161%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.280	+0.096%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.286	+0.106%	$4K	—	10x	as long as short
Lighter DRAMshort	+0.0128%	1h	62.211	−0.014%	$967K	$1.0M	20x
Bitget DRAMUSDT	+0.0134%	8h	62.250	+0.048%	$26.2M	$13.2M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0144%	8h	62.212	−0.013%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.289%	$534K	$76K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0196%	1h	62.200	−0.032%	$82.1M	$36.9M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0208%	8h	62.240	+0.032%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0231%	8h	62.312	+0.147%	$36K	$155K	10x	as long as short
Bybit DRAMUSDT	+0.0281%	8h	62.260	+0.064%	$9.7M	$10.0M	100x	as long as short
Aster DRAMUSDT	+0.0426%	8h	62.281	+0.098%	$200K	$36K	20x	as long as short
Variational Omni DRAM	+0.0513%	8h	62.303	+0.133%	$2.4M	$710K	—	as long as short
Gate DRAM_USDT	+0.0537%	8h	62.320	+0.161%	$8.2M	$3.5M	75x	as long as short
Binance DRAMUSDT	+0.0548%	8h	62.217	−0.005%	$44.7M	$81.5M	50x	as long as short
MEXC DRAM_USDTlong	+0.0549%	8h	62.220	long leg	$9.6M	$5.5M	100x
Extended DRAM-USD	+0.0552%	1h	62.201	−0.031%	$75K	$669K	10x	as long as short