Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h +0.026%

Price spread now: Binance against Lighter−0.021%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

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

costs, in and out, $10k−$130.133% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.021%, 7d avg +0.032%

Together, before fees−0.088%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.054% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.183	0.0184	pay 0.0023% / 1h	29m 26s	$1.1M	$1.2M	20x
Short	Binance DRAMUSDT	61.170	0.0092	get 0.0092% / 8h	1h 29m	$43.7M	$87.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.021%Rate

Funding earned: −$19.34
Price spread: −0.021% → +0.032%: −$5.36
Slippage, 4 orders: −$3.33
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.03
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Binance: live order book, 13 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, 6 min ago	0.82 bp	0.8 bp −$1	1.9 bp −$19	26.6 bp −$2,659	doesn't fit
Sell Binance live order book, 13 min ago	0.82 bp	5.8 bp −$6	8.9 bp −$89	35.7 bp −$3,568	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	−0.0580%	8h	61.210	+0.044%	$26.0M	$14.6M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.190	+0.012%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.194	+0.018%	$9.4M	$10.2M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.160	−0.038%	$424K	$358K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.230	+0.077%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.160	−0.037%	$36K	$201K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.160	−0.038%	$694	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.060	−0.201%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.180	−0.005%	$1.7M	$1.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0013%	8h	61.180	−0.005%	$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
Aftermath Perps DRAMUSD	+0.0029%	1h	61.109	−0.120%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.170	−0.021%	$996K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.110	−0.119%	$48K	$68K	10x	as long as short
Variational Omni DRAM	+0.0042%	8h	61.134	−0.080%	$2.3M	$682K	—	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.150	−0.054%	—	—	10x	as long as short
edgeX DRAMUSDC	+0.0047%	4h	61.122	−0.100%	$148K	$299K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.115	−0.111%	$169K	$470K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.141	−0.069%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.159	−0.039%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.080	−0.168%	$1.0M	$3.5M	10x	as long as short
BloFin DRAM-USDT	+0.0067%	8h	61.110	−0.119%	$299K	$26K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0082%	1h	61.144	−0.064%	$79.2M	$35.9M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0091%	8h	61.162	−0.034%	—	—	5x	as long as short
Binance DRAMUSDTshort	+0.0092%	8h	61.170	−0.021%	$43.7M	$87.7M	50x
MEXC DRAM_USDT	+0.0093%	8h	61.190	+0.011%	$8.0M	$5.6M	100x	as long as short
Extended DRAM-USD	+0.0096%	1h	61.175	−0.013%	$74K	$189K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.193	+0.017%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.160	−0.038%	$3.0M	$416K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.130	−0.087%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.170	−0.021%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.174	−0.015%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.119%	$525K	$75K	20x	as long as short
Lighter DRAMlong	+0.0184%	1h	61.183	long leg	$1.1M	$1.2M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0241%	1h	61.160	−0.038%	$13K	$3K	20x	as long as short