Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0162%/8h= +17.7% APRpaid last 24h +0.028%

Price spread now: MEXC against Lighter+0.011%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$40.045% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.016%−$2 · spread now +0.011%, 7d avg +0.025%

Together, before fees−0.123%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter DRAM	61.993	0.0136	pay 0.0017% / 1h	43m 40s	$1.0M	$1.2M	20x
Short	MEXC DRAM_USDT	62.000	0.0298	get 0.0298% / 8h	3h 43m	$8.2M	$5.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.011%Rate

Funding earned: $34.02
Price spread: +0.011% → +0.025%: −$1.33
Slippage, 4 orders: −$4.48
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: $28.2
Costs to cover: 0.045%
Break-even: 1.2 days

Slippage from Lighter: live order book, 2 min ago; MEXC: live order book, 4 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	0.48 bp	1.1 bp −$1	2.0 bp −$20	63.7 bp −$6,372	doesn't fit
Sell MEXC live order book, 4 min ago	0.81 bp	1.9 bp −$2	2.4 bp −$24	6.6 bp −$659	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	62.003	+0.016%	$436K	$501K	20x	as long as short
Bitget DRAMUSDT	0.0000%	8h	62.020	+0.044%	$26.0M	$13.4M	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	62.110	+0.189%	$36K	$180K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.980	−0.021%	$800	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.980	−0.021%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.020	+0.044%	$1.7M	$1.3M	10x	as long as short
edgeX DRAMUSDC	+0.0012%	4h	62.083	+0.145%	$150K	$299K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0021%	1h	62.045	+0.084%	$1K	$32K	5x	as long as short
QFEX DRAM-USD	+0.0036%	1h	61.980	−0.021%	$1.0M	$78K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	62.020	+0.044%	$48K	$77K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.980	−0.021%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	62.012	+0.031%	$165K	$455K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.979	−0.023%	$260K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.996	+0.005%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.000	+0.011%	$1.1M	$2.3M	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0069%	8h	62.040	+0.076%	$5.4M	$4.6M	50x	as long as short
Paradex DRAM-USD-PERP	+0.0080%	8h	61.981	−0.019%	—	—	5x	as long as short
Bybit DRAMUSDT	+0.0099%	8h	62.025	+0.052%	$9.7M	$9.7M	100x	as long as short
Pacifica DRAM	+0.0100%	1h	62.016	+0.036%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.980	−0.021%	$3.0M	$395K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.100	+0.173%	$22K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.010	+0.027%	$9K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.022	+0.046%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0104%	1h	62.110	+0.189%	$533K	$75K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0132%	1h	61.975	−0.029%	$81.1M	$35.6M	20x	as long as short
Lighter DRAMlong	+0.0136%	1h	61.993	long leg	$1.0M	$1.2M	20x
Aster DRAMUSDT	+0.0180%	8h	62.033	+0.064%	$200K	$35K	20x	as long as short
Variational Omni DRAM	+0.0251%	8h	62.054	+0.099%	$2.4M	$759K	—	as long as short
BloFin DRAM-USDT	+0.0281%	8h	62.070	+0.124%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0295%	8h	62.013	+0.032%	$44.5M	$80.6M	50x	as long as short
Extended DRAM-USD	+0.0296%	1h	61.996	+0.006%	$76K	$657K	10x	as long as short
MEXC DRAM_USDTshort	+0.0298%	8h	62.000	+0.011%	$8.2M	$5.5M	100x
Deribit DRAM_USDC-PERPETUAL	+0.0396%	1h	62.000	+0.011%	$13K	$3K	20x	as long as short
Gate DRAM_USDT	+0.0548%	8h	62.030	+0.060%	$8.1M	$3.5M	75x	as long as short