Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h −0.033%

Price spread now: Bitget against Lighter+0.047%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$180.184% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.047%, 7d avg +0.037%

Together, before fees−0.215%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	62.311	0.0192	pay 0.0024% / 1h	54m 10s	$968K	$1.0M	20x
Short	Bitget DRAMUSDT	62.340	0.0126	get 0.0126% / 8h	5h 54m	$26.2M	$13.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$13.86
Price spread: +0.047% → +0.037%: $0.96
Slippage, 4 orders: −$6.4
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.3
Costs to cover: 0.184%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Bitget: live order book, 5 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	0.72 bp	0.7 bp −$1	6.2 bp −$62	61.1 bp −$6,112	doesn't fit
Sell Bitget live order book, 5 min ago	0.80 bp	7.8 bp −$8	12.0 bp −$120	46.6 bp −$4,663	doesn't fit

DRAM on 33 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	62.318	+0.012%	$448K	$505K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.330	+0.030%	$619	$2.8M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.300	−0.018%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.320	+0.014%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0032%	1h	62.237	−0.118%	$1K	$33K	5x	as long as short
edgeX DRAMUSDC	+0.0037%	4h	62.309	−0.003%	$151K	$296K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.270	−0.066%	$51K	$81K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.270	−0.066%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.300	−0.018%	$266K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.318	+0.011%	$2K	$15K	20x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.270	−0.066%	$1.2M	$1.9M	10x	as long as short
QFEX DRAM-USD	+0.0055%	1h	62.310	−0.002%	$1.0M	$78K	10x	as long as short
Pacifica DRAM	+0.0100%	1h	62.340	+0.047%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.270	−0.066%	$3.0M	$404K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.340	+0.047%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.340	+0.047%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.349	+0.062%	$4K	—	10x	as long as short
Entropy io:DRAM	+0.0110%	1h	62.242	−0.111%	$253K	$421K	25x	as long as short
Bitget DRAMUSDTshort	+0.0126%	8h	62.340	+0.047%	$26.2M	$13.2M	20x
Paradex DRAM-USD-PERP	+0.0154%	8h	62.319	+0.013%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	62.040	−0.435%	$534K	$81K	20x	as long as short
Lighter DRAMlong	+0.0192%	1h	62.311	long leg	$968K	$1.0M	20x
OKX DRAM-USDT-SWAP	+0.0214%	8h	62.330	+0.030%	$5.5M	$4.5M	50x	as long as short
GRVT DRAM_USDT_Perp	+0.0247%	8h	62.320	+0.014%	$37K	$155K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0274%	1h	62.283	−0.045%	$82.2M	$36.9M	20x	as long as short
Bybit DRAMUSDT	+0.0289%	8h	62.360	+0.079%	$9.7M	$10.0M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0392%	1h	62.300	−0.018%	$13K	$3K	20x	as long as short
Aster DRAMUSDT	+0.0434%	8h	62.348	+0.059%	$201K	$36K	20x	as long as short
Gate DRAM_USDT	+0.0515%	8h	62.370	+0.095%	$8.2M	$3.5M	75x	as long as short
Variational Omni DRAM	+0.0519%	8h	62.285	−0.042%	$2.4M	$710K	—	as long as short
Binance DRAMUSDT	+0.0557%	8h	62.330	+0.030%	$44.7M	$81.5M	50x	as long as short
MEXC DRAM_USDT	+0.0557%	8h	62.320	+0.014%	$9.7M	$5.5M	100x	as long as short
Extended DRAM-USD	+0.0560%	1h	62.313	+0.003%	$75K	$669K	10x	as long as short