Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0272%/8hpaid last 24h −0.048%

Price spread now: edgeX against Lighter−0.131%7-day average −0.008% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.195%−$19 on $10k

Price spread, last 3 days (all we have)+0.248%+$25 · spread now −0.131%, 7d avg −0.008%

Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and edgeX is 0.123% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.715	0.0272	pay 0.0034% / 1h	3m 34s	$994K	$1.2M	20x
Short	edgeX DRAMUSDC	61.634	0.0000	get 0.0000% / 4h	3m 34s	$153K	$290K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.131%Rate

Funding earned: −$57.12
Price spread: −0.131% → −0.008%: −$12.29
Slippage, 4 orders: −$7.17
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$85.58
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; edgeX: live order book, 28 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, 2 min ago	0.89 bp	0.9 bp −$1	2.2 bp −$22	41.0 bp −$4,101	doesn't fit
Sell edgeX live order book, 28 min ago	2.43 bp	6.9 bp −$7	15.0 bp −$150	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
Aster DRAMUSDT	0.0000%	8h	61.737	+0.035%	$202K	$33K	20x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.710	−0.008%	$5.4M	$4.8M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.710	−0.008%	$447K	$426K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.720	+0.008%	$8.2M	$3.4M	75x	as long as short
Bitget DRAMUSDT	0.0000%	8h	61.710	−0.008%	$26.0M	$12.4M	20x	as long as short
Variational Omni DRAM	0.0000%	8h	61.655	−0.098%	$2.4M	$995K	—	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.694	−0.034%	$36K	$188K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.680	−0.057%	$840	$3.3M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.530	−0.300%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.690	−0.041%	$1.8M	$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
edgeX DRAMUSDCshort	0.0000%	4h	61.634	−0.131%	$153K	$290K	20x
MEXC DRAM_USDT	+0.0031%	8h	61.700	−0.024%	$11.2M	$6.3M	100x	as long as short
Extended DRAM-USD	+0.0032%	1h	61.707	−0.013%	$74K	$712K	10x	as long as short
Binance DRAMUSDT	+0.0033%	8h	61.690	−0.041%	$43.7M	$80.7M	50x	as long as short
QFEX DRAM-USD	+0.0038%	1h	61.710	−0.008%	$1.0M	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.600	−0.186%	—	$797	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.626	−0.144%	$193K	$1.2M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.690	−0.041%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.640	−0.122%	$1.2M	$1.7M	10x	as long as short
Pacifica DRAM	+0.0100%	1h	61.715	0.000%	$75K	$40K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.690	−0.041%	$3.0M	$468K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.700	−0.024%	$22K	$181K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.670	−0.073%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.671	−0.071%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0120%	8h	61.610	−0.170%	$297K	$26K	20x	as long as short
Bybit DRAMUSDT	+0.0120%	8h	61.720	+0.008%	$9.2M	$10.0M	100x	as long as short
Paradex DRAM-USD-PERP	+0.0134%	8h	61.705	−0.016%	—	—	5x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0144%	1h	61.370	−0.559%	$508K	$41K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0233%	1h	61.711	−0.006%	$78.9M	$39.5M	20x	as long as short
Aftermath Perps DRAMUSD	+0.0234%	1h	61.645	−0.114%	$1K	$36K	5x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0237%	1h	61.680	−0.057%	$13K	$9K	20x	as long as short
Lighter DRAMlong	+0.0272%	1h	61.715	long leg	$994K	$1.2M	20x
Entropy io:DRAM	+0.0342%	1h	61.681	−0.055%	$243K	$492K	25x	as long as short
Arcus DRAM-USD	+0.0404%	1h	61.690	−0.041%	$50K	$101K	10x	as long as short