DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: Lighter against Coinbase International+0.025%7-day average +0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now +0.025%, 7d avg +0.159%

Together, before fees−0.195%+ Points / potential airdropLighter: Season 3 · farm board−$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.135% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.025% now, against its 7-day average of +0.159%). If the spread goes back, that is −$13 on $10k: about 7.0 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International DRAM-PERP-INTX	61.110	0.0160	pay 0.0020% / 1h	18m 31s	$525K	$75K	20x
Short	Lighter DRAM	61.125	0.0224	get 0.0028% / 1h	18m 31s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.025%Rate

Funding earned: $13.44
Price spread: +0.025% → +0.159%: −$13.48
Slippage, 4 orders: −$13.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$23.82
Costs to cover: 0.238%
Break-even: 19.4 days

Slippage from Coinbase International: live order book, 25 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 Coinbase International live order book, 25 min ago	4.91 bp	11.3 bp −$11	14.0 bp −$140	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	0.49 bp	0.6 bp −$1	1.5 bp −$15	35.6 bp −$3,560	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
Bitget DRAMUSDT	−0.0589%	8h	61.150	+0.065%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.128	+0.029%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.159	+0.080%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.099	−0.018%	$423K	$353K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.170	+0.098%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.171	+0.099%	$36K	$203K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.100	−0.016%	$674	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.130	+0.033%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.120	+0.016%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0001%	8h	61.130	+0.033%	$5.4M	$5.9M	50x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin DRAM-USDT	+0.0006%	8h	61.150	+0.065%	$299K	$26K	20x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	61.166	+0.092%	$148K	$298K	20x	as long as short
Variational Omni DRAM	+0.0023%	8h	61.144	+0.056%	$2.3M	$683K	—	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.116	+0.011%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.120	+0.016%	$995K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.110	0.000%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.090	−0.033%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.084	−0.043%	$180K	$480K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.092	−0.029%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.101	−0.015%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.040	−0.115%	$1.1M	$3.5M	10x	as long as short
Extended DRAM-USD	+0.0072%	1h	61.108	−0.003%	$74K	$189K	10x	as long as short
Binance DRAMUSDT	+0.0073%	8h	61.118	+0.013%	$43.7M	$87.8M	50x	as long as short
MEXC DRAM_USDT	+0.0074%	8h	61.110	0.000%	$8.0M	$5.7M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0087%	8h	61.096	−0.022%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.131	+0.034%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.090	−0.033%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.120	+0.016%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.110	0.000%	$8K	—	10x	as long as short
tradeXYZ xyz:DRAM	+0.0102%	1h	61.106	−0.007%	$79.1M	$35.8M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.090	−0.033%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXlong	+0.0160%	1h	61.110	long leg	$525K	$75K	20x
Lighter DRAMshort	+0.0224%	1h	61.125	+0.025%	$1.1M	$1.2M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0405%	1h	61.090	−0.033%	$13K	$3K	20x	as long as short