Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h −0.002%

Price spread now: OKX against Lighter+0.013%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.175% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 7 days−0.003%$0 · spread now +0.013%, 7d avg +0.029%

Together, before fees−0.164%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.161%, 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	62.432	0.0032	pay 0.0004% / 1h	37m 31s	$970K	$1.0M	20x
Short	OKX DRAM-USDT-SWAP	62.440	0.0136	get 0.0136% / 8h	4h 37m	$5.5M	$4.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $21.82
Price spread: +0.013% → +0.029%: −$1.65
Slippage, 4 orders: −$7.47
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: $2.7
Costs to cover: 0.175%
Break-even: 6.1 days

Slippage from Lighter: live order book, 3 min ago; OKX: live order book, 5 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, 3 min ago	0.64 bp	0.9 bp −$1	1.8 bp −$18	22.3 bp −$2,226	doesn't fit
Sell OKX live order book, 5 min ago	0.80 bp	8.6 bp −$9	15.2 bp −$152	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	62.430	−0.003%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.420	−0.019%	$730	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.400	−0.051%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.410	−0.035%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	62.388	−0.070%	$1K	$32K	5x	as long as short
Lighter DRAMlong	+0.0032%	1h	62.432	long leg	$970K	$1.0M	20x
Arcus DRAM-USD	+0.0040%	1h	62.420	−0.019%	$49K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.410	−0.035%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.396	−0.058%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.414	−0.029%	$2K	$15K	20x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps DRAM-USD.P	+0.0050%	1h	62.380	−0.083%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.420	−0.019%	$1.0M	$78K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0071%	1h	62.410	−0.035%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0072%	4h	62.413	−0.031%	$151K	$297K	20x	as long as short
GRVT DRAM_USDT_Perp	+0.0073%	8h	62.460	+0.045%	$37K	$167K	10x	as long as short
tradeXYZ xyz:DRAM	+0.0091%	1h	62.407	−0.040%	$81.8M	$35.4M	20x	as long as short
Paradex DRAM-USD-PERP	+0.0094%	8h	62.426	−0.010%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.434	+0.003%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.035%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.440	+0.013%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.440	+0.013%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0104%	8h	62.430	−0.003%	$26.3M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.433	+0.001%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAPshort	+0.0136%	8h	62.440	+0.013%	$5.5M	$4.4M	50x
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.163%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0170%	1h	62.406	−0.042%	$198K	$436K	25x	as long as short
Bybit DRAMUSDT	+0.0195%	8h	62.460	+0.045%	$9.7M	$9.8M	100x	as long as short
Aster DRAMUSDT	+0.0307%	8h	62.446	+0.023%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0393%	8h	62.463	+0.050%	$2.4M	$753K	—	as long as short
Binance DRAMUSDT	+0.0423%	8h	62.430	−0.003%	$45.0M	$80.2M	50x	as long as short
Extended DRAM-USD	+0.0424%	1h	62.414	−0.028%	$75K	$636K	10x	as long as short
MEXC DRAM_USDT	+0.0425%	8h	62.420	−0.019%	$9.2M	$5.4M	100x	as long as short
BloFin DRAM-USDT	+0.0569%	8h	62.470	+0.061%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0620%	8h	62.470	+0.061%	$8.2M	$3.5M	75x	as long as short