DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.010%

Price spread now: Entropy against Lighter+0.016%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.285% of the position

Long on Lighter Short on Entropy

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.017%+$2 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.016%, 7d avg +0.002%

Together, before fees−0.056%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$4 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	62.387	0.0032	pay 0.0004% / 1h	13m 56s	$1.0M	$1.1M	20x
Short	Entropy io:DRAM	62.397	0.0152	get 0.0019% / 1h	13m 56s	$183K	$441K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Entropy 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 EntropybpOrdersPrice spread, now +0.016%Rate

Funding earned: $25.21
Price spread: +0.016% → +0.002%: $1.41
Slippage, 4 orders: −$10.53
Fee Lighter: 0 bp × 2 orders: $0
Fee Entropy: 9 bp × 2 orders: −$18
Net: −$1.9
Costs to cover: 0.285%
Break-even: 7.5 days

Slippage from Lighter: live order book, 2 min ago; Entropy: live order book, 11 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	0.72 bp	0.8 bp −$1	1.6 bp −$16	28.0 bp −$2,803	doesn't fit
Sell Entropy live order book, 11 min ago	2.16 bp	14.6 bp −$15	doesn't fit	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
RISEx DRAM/USDC	0.0000%	1h	62.415	+0.045%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.430	+0.069%	$910	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	+0.021%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.085%	$1.7M	$1.3M	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0010%	8h	62.460	+0.117%	$37K	$173K	10x	as long as short
Aftermath Perps DRAMUSD	+0.0020%	1h	62.395	+0.013%	$1K	$32K	5x	as long as short
Lighter DRAMlong	+0.0032%	1h	62.387	long leg	$1.0M	$1.1M	20x
edgeX DRAMUSDC	+0.0035%	4h	62.426	+0.063%	$151K	$299K	20x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.400	+0.021%	$49K	$77K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.370	−0.027%	—	—	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps DRAM-USD	+0.0050%	1h	62.396	+0.014%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.397	+0.016%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.360	−0.043%	$1.1M	$2.3M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.400	+0.021%	$1.0M	$78K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0075%	1h	62.399	+0.019%	$81.7M	$35.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	62.385	−0.003%	—	—	5x	as long as short
Bitget DRAMUSDT	+0.0081%	8h	62.430	+0.069%	$26.2M	$13.4M	20x	as long as short
OKX DRAM-USDT-SWAP	+0.0099%	8h	62.440	+0.085%	$5.5M	$4.5M	50x	as long as short
Pacifica DRAM	+0.0100%	1h	62.369	−0.030%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.400	+0.021%	$3.0M	$394K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.450	+0.101%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.420	+0.053%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.412	+0.040%	$4K	—	10x	as long as short
Bybit DRAMUSDT	+0.0135%	8h	62.450	+0.101%	$9.7M	$9.7M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.091%	$535K	$75K	20x	as long as short
Entropy io:DRAMshort	+0.0152%	1h	62.397	+0.016%	$183K	$441K	25x
Aster DRAMUSDT	+0.0251%	8h	62.417	+0.048%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0326%	8h	62.404	+0.027%	$2.4M	$747K	—	as long as short
Binance DRAMUSDT	+0.0367%	8h	62.430	+0.069%	$44.9M	$80.2M	50x	as long as short
Extended DRAM-USD	+0.0368%	1h	62.413	+0.041%	$76K	$622K	10x	as long as short
MEXC DRAM_USDT	+0.0369%	8h	62.420	+0.053%	$8.9M	$5.5M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0391%	1h	62.400	+0.021%	$13K	$3K	20x	as long as short
BloFin DRAM-USDT	+0.0402%	8h	62.410	+0.037%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0632%	8h	62.450	+0.101%	$8.2M	$3.5M	75x	as long as short