Funding you earn now, next payment 09:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.046%
Price spread now: Phemex against Lighter0.000%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$900.901% of the position
Funding, last 7 days−0.290%−$29 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now 0.000%, 7d avg +0.006%
=Together, before fees−0.340%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.006%, so right now this pair is about funding alone: −$8 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 | 60.460 | 0.0264 | pay 0.0033% / 1h | 37m 17s | $1.1M | $1.2M | 20x |
| Short | Phemex DRAMUSDT | 60.460 | 0 | get 0.0000% / 8h | 7h 37m | $1.7M | $1.3M | 10x |
Lighter DRAM
Phemex DRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$55.44
- Price spread: 0.000% → +0.006%
- −$0.64
- Slippage, 4 orders
- −$78.13
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$146.21
- Costs to cover
- 0.901%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Phemex: live order book, 1 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, 4 min ago | 0.99 bp | 1.0 bp −$1 | 1.7 bp −$17 | 26.7 bp −$2,672 | doesn't fit |
| Sell Phemex live order book, 1 min ago | 2.48 bp | 44.5 bp −$45 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget DRAMUSDT | −0.0649% | 8h | 60.500 | +0.066% | $26.4M | $15.1M | 20x | as long as short |
| Aster DRAMUSDT | 0.0000% | 8h | 60.484 | +0.039% | $194K | $39K | 20x | as long as short |
| Extended DRAM-USD | 0.0000% | 1h | 60.454 | −0.010% | $76K | $219K | 10x | as long as short |
| Binance DRAMUSDT | 0.0000% | 8h | 60.470 | +0.017% | $43.4M | $89.8M | 50x | as long as short |
| Bybit DRAMUSDT | 0.0000% | 8h | 60.486 | +0.043% | $9.5M | $10.4M | 100x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.476 | +0.026% | $417K | $342K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 60.500 | +0.066% | $7.9M | $3.7M | 75x | as long as short |
| MEXC DRAM_USDT | 0.0000% | 8h | 60.480 | +0.033% | $8.4M | $5.4M | 100x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 60.515 | +0.091% | $2.3M | $581K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 60.520 | +0.099% | $36K | $209K | 10x | as long as short |
Bitget DRAMUSDT
Aster DRAMUSDT
Extended DRAM-USD
Binance DRAMUSDT
Bybit DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
MEXC DRAM_USDT
Variational Omni DRAM
GRVT DRAM_USDT_PerpShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX DRAM-USDT | 0.0000% | 8h | 60.480 | +0.033% | $816 | $2.5M | 10x | as long as short |
| HTX DRAM-USDT | 0.0000% | 8h | 60.450 | −0.017% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDTshort | 0.0000% | 8h | 60.460 | 0.000% | $1.7M | $1.3M | 10x | |
| OKX DRAM-USDT-SWAP | +0.0007% | 8h | 60.500 | +0.066% | $5.4M | $6.1M | 50x | as long as short |
| BloFin DRAM-USDT | +0.0022% | 8h | 60.510 | +0.083% | $299K | $25K | 20x | as long as short |
| Aftermath Perps DRAMUSD | +0.0039% | 1h | 60.475 | +0.024% | $1K | $29K | 5x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 60.460 | 0.000% | $47K | $66K | 10x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.430 | −0.050% | — | — | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 60.473 | +0.022% | $177K | $477K | 25x | as long as short |
| Polymarket Perps DRAM-USD | +0.0050% | 1h | 60.404 | −0.093% | $251K | $1.3M | 10x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.462 | +0.003% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.450 | −0.017% | $1.0M | $3.5M | 10x | as long as short |
| QFEX DRAM-USD | +0.0053% | 1h | 60.430 | −0.050% | $984K | $85K | 10x | as long as short |
| edgeX DRAMUSDC | +0.0099% | 4h | 60.509 | +0.081% | $147K | $298K | 20x | as long as short |
| Paradex DRAM-USD-PERP | +0.0099% | 8h | 60.461 | +0.001% | — | — | 5x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 60.425 | −0.057% | $72K | $34K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.440 | −0.033% | $2.9M | $401K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 60.500 | +0.066% | $21K | $183K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.480 | +0.033% | $8K | — | 10x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.462 | +0.003% | $4K | — | 10x | as long as short |
| tradeXYZ xyz:DRAM | +0.0124% | 1h | 60.454 | −0.010% | $78.3M | $35.0M | 20x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0248% | 1h | 60.470 | +0.017% | $531K | $87K | 20x | as long as short |
| Lighter DRAMlong | +0.0264% | 1h | 60.460 | long leg | $1.1M | $1.2M | 20x | |
| Deribit DRAM_USDC-PERPETUAL | +0.0412% | 1h | 60.450 | −0.017% | $12K | $3K | 20x | as long as short |
SunX DRAM-USDT
HTX DRAM-USDT
OKX DRAM-USDT-SWAP
BloFin DRAM-USDT
Aftermath Perps DRAMUSD
Arcus DRAM-USD
Vest DRAM-USD-PERP
Entropy io:DRAM
Polymarket Perps DRAM-USD
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
QFEX DRAM-USD
edgeX DRAMUSDC
Paradex DRAM-USD-PERP
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
Aevo DRAM-PERP
tradeXYZ xyz:DRAM
Coinbase International DRAM-PERP-INTX
Deribit DRAM_USDC-PERPETUAL