Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h −0.021%

Price spread now: Lighter against Gate−0.091%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.091%, 7d avg −0.039%

Together, before fees+0.277%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.053% cheaper against Gate than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.039%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRAM_USDT	61.290	0	get 0.0000% / 8h	1h 45m	$8.0M	$3.7M	75x
Short	Lighter DRAM	61.234	0.0128	get 0.0016% / 1h	45m 13s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now −0.091%Rate

Funding earned: $26.88
Price spread: −0.091% → −0.039%: −$5.27
Slippage, 4 orders: −$18.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.17
Costs to cover: 0.338%
Break-even: 10.2 days

Slippage from Gate: live order book, 3 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 Gate live order book, 3 min ago	1.63 bp	13.1 bp −$13	28.9 bp −$289	79.5 bp −$7,953	145.1 bp −$72.6K
Sell Lighter live order book, 1 min ago	1.22 bp	1.2 bp −$1	4.1 bp −$41	51.5 bp −$5,151	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	−0.0469%	8h	61.250	−0.065%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.242	−0.078%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.213	−0.125%	$424K	$367K	20x	as long as short
Gate DRAM_USDTlong	0.0000%	8h	61.290	long leg	$8.0M	$3.7M	75x
GRVT DRAM_USDT_Perp	0.0000%	8h	61.243	−0.077%	$36K	$200K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.230	−0.098%	$864	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.170	−0.196%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.220	−0.114%	$1.7M	$1.3M	10x	as long as short
Aster DRAMUSDT	+0.0023%	8h	61.237	−0.087%	$197K	$35K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0028%	1h	61.215	−0.122%	$1K	$31K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0029%	8h	61.210	−0.131%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.200	−0.147%	$997K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.210	−0.131%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.200	−0.147%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.203	−0.142%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.195	−0.155%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.206	−0.137%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.160	−0.212%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0076%	8h	61.194	−0.156%	$2.3M	$682K	—	as long as short
edgeX DRAMUSDC	+0.0090%	4h	61.214	−0.125%	$148K	$299K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0095%	1h	61.201	−0.145%	$79.3M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.198	−0.151%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.200	−0.147%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.250	−0.065%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.220	−0.114%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0103%	8h	61.175	−0.188%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.220	−0.115%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0117%	8h	61.250	−0.065%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0125%	8h	61.220	−0.114%	$43.8M	$87.4M	50x	as long as short
Lighter DRAMshort	+0.0128%	1h	61.234	−0.091%	$1.1M	$1.2M	20x
Extended DRAM-USD	+0.0128%	1h	61.213	−0.126%	$74K	$190K	10x	as long as short
MEXC DRAM_USDT	+0.0129%	8h	61.220	−0.114%	$8.0M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.294%	$525K	$75K	20x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0240%	1h	61.200	−0.147%	$13K	$3K	20x	as long as short