DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0064%/8h= −7.0% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: Coinbase International against Lighter+0.043%7-day average −0.159% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.043%, 7d avg −0.159%

Together, before fees+0.127%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.202% dearer against Lighter than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.159%): +$20 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.066%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.084	0.0224	pay 0.0028% / 1h	16m 34s	$1.1M	$1.2M	20x
Short	Coinbase International DRAM-PERP-INTX	61.110	0.0160	get 0.0020% / 1h	16m 34s	$525K	$75K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$13.44
Price spread: +0.043% → −0.159%: $20.19
Slippage, 4 orders: −$13.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$17.03
Costs to cover: 0.238%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; Coinbase International: live order book, 27 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, 9 min ago	0.49 bp	0.7 bp −$1	2.1 bp −$21	25.5 bp −$2,552	doesn't fit
Sell Coinbase International live order book, 27 min ago	4.91 bp	11.1 bp −$11	16.1 bp −$161	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
Bitget DRAMUSDT	−0.0594%	8h	61.110	+0.043%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.094	+0.017%	$197K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.100	+0.026%	$9.4M	$10.3M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.080	−0.007%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.047	−0.061%	$423K	$353K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.130	+0.075%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.134	+0.081%	$36K	$203K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.100	+0.026%	$826	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.130	+0.075%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.110	+0.043%	$1.7M	$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
BloFin DRAM-USDT	+0.0004%	8h	61.140	+0.092%	$298K	$26K	20x	as long as short
Variational Omni DRAM	+0.0023%	8h	61.144	+0.099%	$2.3M	$683K	—	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.108	+0.039%	$1K	$30K	5x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.060	−0.039%	$995K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.090	+0.010%	$48K	$68K	10x	as long as short
edgeX DRAMUSDC	+0.0044%	4h	61.105	+0.034%	$148K	$299K	20x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.130	+0.075%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.073	−0.018%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.094	+0.016%	$254K	$1.4M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.105	+0.034%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.040	−0.072%	$1.1M	$3.5M	10x	as long as short
Binance DRAMUSDT	+0.0070%	8h	61.057	−0.043%	$43.7M	$87.9M	50x	as long as short
Extended DRAM-USD	+0.0072%	1h	61.032	−0.084%	$74K	$190K	10x	as long as short
MEXC DRAM_USDT	+0.0072%	8h	61.050	−0.056%	$8.0M	$5.7M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.100	+0.026%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0086%	8h	61.057	−0.045%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0100%	1h	61.059	−0.041%	$79.0M	$35.8M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.082	−0.004%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.050	−0.056%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.120	+0.059%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.110	+0.043%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.105	+0.034%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTXshort	+0.0160%	1h	61.110	+0.043%	$525K	$75K	20x
Lighter DRAMlong	+0.0224%	1h	61.084	long leg	$1.1M	$1.2M	20x