Funding you earn now, next payment 02:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against tradeXYZ+0.014%7-day average +0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.215% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now +0.014%, 7d avg +0.041%
=Together, before fees+0.086%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.027% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.041%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:DRAM | 62.135 | 0.0212 | pay 0.0026% / 1h | 14m 48s | $81.8M | $36.8M | 20x |
| Short | Lighter DRAM | 62.144 | 0.0144 | get 0.0018% / 1h | 14m 48s | $966K | $1.0M | 20x |
tradeXYZ xyz:DRAM
Lighter DRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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
- −$14.2
- Price spread: +0.014% → +0.041%
- −$2.65
- Slippage, 4 orders
- −$3.45
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$38.31
- Costs to cover
- 0.215%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; Lighter: live order book, 1 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 tradeXYZ live order book, 5 min ago | 0.40 bp | 9.8 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 0.80 bp | 0.9 bp −$1 | 2.0 bp −$20 | 51.0 bp −$5,099 | 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX DRAM-USDT | 0.0000% | 8h | 62.190 | +0.089% | $500 | $2.9M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 62.130 | −0.008% | $28K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 62.160 | +0.040% | $1.7M | $1.3M | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0033% | 1h | 62.154 | +0.031% | $1K | $34K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 62.150 | +0.024% | $51K | $81K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 62.130 | −0.008% | — | — | 10x | as long as short |
| QFEX DRAM-USD | +0.0046% | 1h | 62.160 | +0.040% | $1.0M | $78K | 10x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 62.162 | +0.043% | $266K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 62.146 | +0.018% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 62.120 | −0.024% | $1.1M | $1.9M | 10x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
Phemex DRAMUSDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
QFEX DRAM-USD
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.PShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Entropy io:DRAM | +0.0055% | 1h | 62.130 | −0.008% | $252K | $430K | 25x | as long as short |
| edgeX DRAMUSDC | +0.0079% | 4h | 62.126 | −0.014% | $150K | $297K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 62.146 | +0.017% | $76K | $44K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 62.160 | +0.040% | $3.0M | $404K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 62.170 | +0.056% | $22K | $184K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 62.200 | +0.105% | $9K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 62.190 | +0.089% | $4K | — | 10x | as long as short |
| Lighter DRAMshort | +0.0144% | 1h | 62.144 | +0.014% | $966K | $1.0M | 20x | |
| Coinbase International DRAM-PERP-INTX | +0.0152% | 1h | 62.130 | −0.008% | $534K | $93K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0164% | 8h | 62.186 | +0.082% | — | — | 5x | as long as short |
| tradeXYZ xyz:DRAMlong | +0.0212% | 1h | 62.135 | long leg | $81.8M | $36.8M | 20x | |
| Bitget DRAMUSDT | +0.0215% | 8h | 62.170 | +0.056% | $26.0M | $13.0M | 20x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0220% | 8h | 62.170 | +0.056% | $5.5M | $4.5M | 50x | as long as short |
| Bybit DRAMUSDT | +0.0297% | 8h | 62.217 | +0.132% | $9.6M | $10.1M | 100x | as long as short |
| GRVT DRAM_USDT_Perp | +0.0345% | 8h | 62.153 | +0.029% | $36K | $153K | 10x | as long as short |
| Deribit DRAM_USDC-PERPETUAL | +0.0394% | 1h | 62.160 | +0.040% | $13K | $3K | 20x | as long as short |
| Aster DRAMUSDT | +0.0453% | 8h | 62.187 | +0.083% | $200K | $36K | 20x | as long as short |
| Gate DRAM_USDT | +0.0528% | 8h | 62.210 | +0.121% | $8.2M | $3.5M | 75x | as long as short |
| Variational Omni DRAM | +0.0540% | 8h | 62.173 | +0.062% | $2.4M | $709K | — | as long as short |
| MEXC DRAM_USDT | +0.0580% | 8h | 62.170 | +0.056% | $9.6M | $5.9M | 100x | as long as short |
| Binance DRAMUSDT | +0.0580% | 8h | 62.180 | +0.072% | $44.6M | $82.0M | 50x | as long as short |
| Extended DRAM-USD | +0.0584% | 1h | 62.164 | +0.046% | $75K | $669K | 10x | as long as short |
| RISEx DRAM/USDC | +0.0835% | 1h | 62.172 | +0.060% | $447K | $504K | 20x | as long as short |
Entropy io:DRAM
edgeX DRAMUSDC
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
Coinbase International DRAM-PERP-INTX
Paradex DRAM-USD-PERP
Bitget DRAMUSDT
OKX DRAM-USDT-SWAP
Bybit DRAMUSDT
GRVT DRAM_USDT_Perp
Deribit DRAM_USDC-PERPETUAL
Aster DRAMUSDT
Gate DRAM_USDT
Variational Omni DRAM
MEXC DRAM_USDT
Binance DRAMUSDT
Extended DRAM-USD
RISEx DRAM/USDC