Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.057%

Price spread now: BloFin against Lighter−0.095%60s7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$220.217% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.095%, 7d avg +0.012%

Together, before fees+0.013%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.108% cheaper against Lighter than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.012%). If the spread goes back, that is −$11 on $10k: about 14 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.108%, so the current rate has only just turned in your favour. The two prices were read 60 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	61.819	0.0200	pay 0.0025% / 1h	16m 11s	$1.1M	$1.2M	20x
Short	BloFin DRAM-USDT	61.760	0.0225	get 0.0225% / 8h	3h 16m	$300K	$26K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.095%Rate

Funding earned: $5.29
Price spread: −0.095% → +0.012%: −$10.77
Slippage, 4 orders: −$9.7
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.18
Costs to cover: 0.217%
Break-even: 43.0 days

Slippage from Lighter: live order book, 5 min ago; BloFin: 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, 5 min ago	0.40 bp	0.4 bp $0	2.1 bp −$21	74.2 bp −$7,425	doesn't fit
Sell BloFin live order book, 13 min ago	2.42 bp	10.0 bp −$10	13.4 bp −$134	39.0 bp −$3,897	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	61.824	+0.007%	$435K	$500K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.840	+0.034%	$26.0M	$13.7M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.880	+0.099%	$36K	$187K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.830	+0.018%	$762	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.800	−0.031%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.810	−0.015%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.800	−0.031%	$1K	$31K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.840	+0.034%	$1.0M	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.770	−0.079%	$48K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.790	−0.047%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Entropy io:DRAM	+0.0050%	1h	61.767	−0.084%	$172K	$461K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.800	−0.031%	$259K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.805	−0.023%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.730	−0.144%	$1.1M	$2.4M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0056%	8h	61.820	+0.002%	$5.4M	$4.6M	50x	as long as short
edgeX DRAMUSDC	+0.0063%	4h	61.879	+0.097%	$150K	$298K	20x	as long as short
Bybit DRAMUSDT	+0.0072%	8h	61.820	+0.002%	$9.6M	$9.9M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	61.797	−0.036%	$74K	$47K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.770	−0.079%	$3.0M	$398K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.800	−0.031%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.820	+0.002%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.806	−0.021%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	61.720	−0.160%	$530K	$74K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0109%	8h	61.828	+0.015%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0131%	1h	61.800	−0.031%	$80.4M	$35.6M	20x	as long as short
Aster DRAMUSDT	+0.0140%	8h	61.783	−0.057%	$199K	$35K	20x	as long as short
Lighter DRAMlong	+0.0200%	1h	61.819	long leg	$1.1M	$1.2M	20x
Variational Omni DRAM	+0.0204%	8h	61.884	+0.105%	$2.4M	$739K	—	as long as short
BloFin DRAM-USDTshort	+0.0225%	8h	61.760	−0.095%	$300K	$26K	20x
MEXC DRAM_USDT	+0.0255%	8h	61.790	−0.047%	$8.2M	$5.6M	100x	as long as short
Binance DRAMUSDT	+0.0255%	8h	61.800	−0.031%	$44.3M	$81.7M	50x	as long as short
Extended DRAM-USD	+0.0256%	1h	61.803	−0.026%	$75K	$239K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0398%	1h	61.810	−0.015%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0399%	8h	61.840	+0.034%	$8.1M	$3.6M	75x	as long as short