DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0391%/8h= −42.8% APRnext payment −$0.49 per $10,000 · paid last 24h −0.004%

Price spread now: Lighter against Entropy+0.069%7-day average −0.004% · you sell dearer than you buy

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

Long on Entropy Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.069%, 7d avg −0.004%

Together, before fees−0.039%+ Points / potential airdropLighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.073% dearer against Entropy than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of −0.004%): +$7 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 4 days (−0.013% in total) that is about 25 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.013% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.49 per $10,000. 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	Entropy io:DRAM	62.360	0.0511	pay 0.0064% / 1h	1m 19s	$254K	$449K	25x
Short	Lighter DRAM	62.403	0.0120	get 0.0015% / 1h	1m 19s	$969K	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Entropy. 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 EntropybpFee LighterbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$82.15
Price spread: +0.069% → −0.004%: $7.29
Slippage, 4 orders: no order book: not counted
Fee Entropy: 9 bp × 2 orders: −$18
Fee Lighter: 0 bp × 2 orders: $0
Net: −$92.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Entropy: live order book, 54 min ago; Lighter: live order book, 5 min ago. 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 Entropy live order book, 54 min ago	2.25 bp	13.4 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.88 bp	1.1 bp −$1	2.9 bp −$29	36.3 bp −$3,633	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
SunX DRAM-USDT	0.0000%	8h	62.410	+0.080%	$823	$3.0M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	+0.064%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.420	+0.096%	$1.8M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0023%	4h	62.427	+0.107%	$151K	$297K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0035%	1h	62.401	+0.067%	$1K	$34K	5x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.380	+0.032%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.395	+0.056%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.413	+0.085%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.350	−0.016%	$1.2M	$1.9M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.369	+0.014%	$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	62.390	+0.048%	$3.0M	$419K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.144%	$22K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.450	+0.144%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.447	+0.140%	$4K	—	10x	as long as short
Lighter DRAMshort	+0.0120%	1h	62.403	+0.069%	$969K	$1.3M	20x
QFEX DRAM-USD	+0.0160%	1h	62.390	+0.048%	$1.0M	$78K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.390	+0.048%	$540K	$91K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0219%	1h	62.398	+0.061%	$82.2M	$37.6M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0238%	8h	62.406	+0.074%	—	—	5x	as long as short
OKX DRAM-USDT-SWAP	+0.0247%	8h	62.420	+0.096%	$5.5M	$4.6M	50x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.400	+0.064%	$13K	$3K	20x	as long as short
Bybit DRAMUSDT	+0.0456%	8h	62.460	+0.160%	$9.6M	$10.4M	100x	as long as short
Aster DRAMUSDT	+0.0510%	8h	62.396	+0.058%	$201K	$36K	20x	as long as short
Entropy io:DRAMlong	+0.0511%	1h	62.360	long leg	$254K	$449K	25x
Bitget DRAMUSDT	+0.0587%	8h	62.420	+0.096%	$26.1M	$12.8M	20x	as long as short
Variational Omni DRAM	+0.0600%	8h	62.414	+0.087%	$2.4M	$751K	—	as long as short
Arcus DRAM-USD	+0.0606%	1h	62.420	+0.096%	$51K	$82K	10x	as long as short
MEXC DRAM_USDT	+0.0636%	8h	62.410	+0.080%	$9.7M	$6.7M	100x	as long as short
Binance DRAMUSDT	+0.0637%	8h	62.420	+0.096%	$44.9M	$81.8M	50x	as long as short
Extended DRAM-USD	+0.0640%	1h	62.404	+0.070%	$76K	$665K	10x	as long as short
Gate DRAM_USDT	+0.0835%	8h	62.430	+0.112%	$8.2M	$3.5M	75x	as long as short
BloFin DRAM-USDT	+0.0990%	8h	62.480	+0.192%	$300K	$26K	20x	as long as short
RISEx DRAM/USDC	+0.1096%	1h	62.400	+0.064%	$456K	$501K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.1102%	8h	62.497	+0.220%	$37K	$152K	10x	as long as short