DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.09 per $10,000 · paid last 24h −0.017%

Price spread now: ApeX Omni against Lighter+0.045%108s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$790.792% of the position

Long on Lighter Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.045%, 7d avg +0.020%

Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and ApeX Omni is 0.025% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.020%. Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	62.432	0.0032	pay 0.0004% / 1h	37m 41s	$970K	$1.0M	20x
Short	ApeX Omni DRAMUSDT	62.460	0.0100	get 0.0013% / 1h	37m 41s	$22K	$186K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter. 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 LighterbpFee ApeX OmnibpOrdersPrice spread, now +0.045%Rate

Funding earned: $14.28
Price spread: +0.045% → +0.020%: $2.5
Slippage, 4 orders: −$69.2
Fee Lighter: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$62.42
Costs to cover: 0.792%
Break-even: 37.6 days

Slippage from Lighter: live order book, 3 min ago; ApeX Omni: live order book, 18 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 Lighter live order book, 3 min ago	0.64 bp	0.9 bp −$1	1.8 bp −$18	22.3 bp −$2,226	doesn't fit
Sell ApeX Omni live order book, 18 min ago	26.42 bp	38.3 bp −$38	205.5 bp −$2,055	doesn't fit	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	62.430	−0.003%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.420	−0.019%	$730	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.051%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.410	−0.035%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	62.394	−0.061%	$1K	$32K	5x	as long as short
Lighter DRAMlong	+0.0032%	1h	62.432	long leg	$970K	$1.0M	20x
edgeX DRAMUSDC	+0.0040%	4h	62.437	+0.008%	$151K	$296K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.420	−0.019%	$49K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.390	−0.067%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.394	−0.061%	$267K	$1.3M	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX DRAM-USD	+0.0050%	1h	62.414	−0.029%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.380	−0.083%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.420	−0.019%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.410	−0.035%	$13K	$3K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0073%	8h	62.460	+0.045%	$37K	$167K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0092%	1h	62.419	−0.021%	$81.8M	$35.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0094%	8h	62.426	−0.010%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.434	+0.003%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.035%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDTshort	+0.0100%	1h	62.460	+0.045%	$22K	$186K	50x
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.440	+0.013%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0104%	8h	62.430	−0.003%	$26.3M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.433	+0.001%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0138%	8h	62.440	+0.013%	$5.5M	$4.4M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.163%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0170%	1h	62.406	−0.042%	$198K	$436K	25x	as long as short
Bybit DRAMUSDT	+0.0195%	8h	62.470	+0.061%	$9.7M	$9.8M	100x	as long as short
Aster DRAMUSDT	+0.0307%	8h	62.440	+0.013%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0393%	8h	62.463	+0.050%	$2.4M	$753K	—	as long as short
Binance DRAMUSDT	+0.0423%	8h	62.440	+0.013%	$45.0M	$80.3M	50x	as long as short
Extended DRAM-USD	+0.0424%	1h	62.414	−0.028%	$75K	$636K	10x	as long as short
MEXC DRAM_USDT	+0.0425%	8h	62.430	−0.003%	$9.2M	$5.4M	100x	as long as short
BloFin DRAM-USDT	+0.0569%	8h	62.470	+0.061%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0620%	8h	62.470	+0.061%	$8.2M	$3.5M	75x	as long as short