Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h 0.000%

Price spread now: Lighter against Aster+0.048%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.237% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.048%, 7d avg −0.002%

Together, before fees+0.132%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.051% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster DRAMUSDT	61.850	0.0148	pay 0.0148% / 8h	3h 20m	$199K	$35K	20x
Short	Lighter DRAM	61.880	0.0192	get 0.0024% / 1h	20m 58s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.048%Rate

Funding earned: $9.23
Price spread: +0.048% → −0.002%: $5.08
Slippage, 4 orders: −$15.75
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$9.44
Costs to cover: 0.237%
Break-even: 14.2 days

Slippage from Aster: live order book, 30 min ago; Lighter: 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 Aster live order book, 30 min ago	1.61 bp	13.7 bp −$14	39.1 bp −$391	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.73 bp	0.7 bp −$1	2.6 bp −$26	61.4 bp −$6,138	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
RISEx DRAM/USDC	0.0000%	1h	61.884	+0.055%	$435K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.900	+0.081%	$26.0M	$13.6M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.904	+0.087%	$36K	$187K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.880	+0.048%	$680	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.830	−0.032%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.880	+0.048%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	61.852	+0.004%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.880	+0.048%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.830	−0.032%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.840	−0.016%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.833	−0.028%	$172K	$460K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.866	+0.026%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.860	+0.016%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.760	−0.146%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0062%	8h	61.900	+0.081%	$5.4M	$4.6M	50x	as long as short
edgeX DRAMUSDC	+0.0071%	4h	61.820	−0.048%	$150K	$298K	20x	as long as short
Bybit DRAMUSDT	+0.0079%	8h	61.887	+0.060%	$9.6M	$9.8M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.851	+0.002%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.830	−0.032%	$3.0M	$397K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.840	−0.016%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.870	+0.032%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.863	+0.022%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.420%	$533K	$75K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0110%	8h	61.866	+0.026%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0135%	1h	61.841	−0.015%	$80.5M	$35.6M	20x	as long as short
Aster DRAMUSDTlong	+0.0148%	8h	61.850	long leg	$199K	$35K	20x
Lighter DRAMshort	+0.0192%	1h	61.880	+0.048%	$1.1M	$1.2M	20x
Variational Omni DRAM	+0.0204%	8h	61.884	+0.055%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDT	+0.0245%	8h	61.890	+0.065%	$299K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0264%	8h	61.870	+0.032%	$44.4M	$81.3M	50x	as long as short
Extended DRAM-USD	+0.0264%	1h	61.853	+0.005%	$75K	$327K	10x	as long as short
MEXC DRAM_USDT	+0.0267%	8h	61.850	0.000%	$8.2M	$5.6M	100x	as long as short
Gate DRAM_USDT	+0.0424%	8h	61.900	+0.081%	$8.1M	$3.5M	75x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0559%	1h	61.880	+0.048%	$13K	$3K	20x	as long as short