DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0174%/8h= −19.1% APRnext payment −$0.22 per $10,000 · paid last 24h −0.030%

Price spread now: Polymarket Perps against Lighter−0.054%7-day average −0.052% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 7 days+0.053%+$5 · spread now −0.054%, 7d avg −0.052%

Together, before fees−0.130%+ Points / potential airdropLighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: −$5 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	61.052	0.0224	pay 0.0028% / 1h	14m 33s	$1.1M	$1.2M	20x
Short	Polymarket Perps DRAM-USD	61.019	0.0050	get 0.0006% / 1h	14m 33s	$254K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$36.54
Price spread: −0.054% → −0.052%: −$0.16
Slippage, 4 orders: −$7.61
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$52.31
Costs to cover: 0.156%
Break-even: never at this rate

Slippage from Lighter: live order book, 1 min ago; Polymarket Perps: 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, 1 min ago	0.82 bp	0.8 bp −$1	1.8 bp −$18	26.3 bp −$2,630	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.88 bp	6.2 bp −$6	7.1 bp −$71	7.9 bp −$790	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	−0.0607%	8h	61.100	+0.079%	$26.1M	$14.7M	20x	as long as short
Aster DRAMUSDT	0.0000%	8h	61.056	+0.007%	$196K	$35K	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.067	+0.025%	$9.4M	$10.3M	100x	as long as short
OKX DRAM-USDT-SWAP	0.0000%	8h	61.050	−0.003%	$5.4M	$5.9M	50x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.025	−0.044%	$423K	$351K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.100	+0.079%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.134	+0.134%	$36K	$203K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.040	−0.020%	$730	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.020	−0.052%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.050	−0.003%	$1.7M	$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
Variational Omni DRAM	+0.0011%	8h	61.034	−0.029%	$2.3M	$683K	—	as long as short
Aftermath Perps DRAMUSD	+0.0030%	1h	61.066	+0.022%	$1K	$30K	5x	as long as short
edgeX DRAMUSDC	+0.0031%	4h	61.104	+0.085%	$148K	$299K	20x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.020	−0.052%	$994K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.050	−0.003%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.030	−0.036%	—	—	10x	as long as short
BloFin DRAM-USDT	+0.0048%	8h	61.050	−0.003%	$298K	$26K	20x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.025	−0.044%	$180K	$481K	25x	as long as short
Polymarket Perps DRAM-USDshort	+0.0050%	1h	61.019	−0.054%	$254K	$1.4M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.045	−0.011%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.990	−0.102%	$1.1M	$3.5M	10x	as long as short
Extended DRAM-USD	+0.0064%	1h	61.008	−0.073%	$74K	$190K	10x	as long as short
Binance DRAMUSDT	+0.0066%	8h	61.037	−0.025%	$43.7M	$88.0M	50x	as long as short
MEXC DRAM_USDT	+0.0067%	8h	61.020	−0.052%	$8.0M	$5.7M	100x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0078%	1h	61.030	−0.036%	$13K	$3K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0085%	8h	61.016	−0.059%	—	—	5x	as long as short
tradeXYZ xyz:DRAM	+0.0097%	1h	61.019	−0.054%	$79.0M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.038	−0.022%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.000	−0.085%	$3.0M	$418K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.110	+0.095%	$21K	$185K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.030	−0.036%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.045	−0.011%	$4K	—	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	+0.095%	$525K	$75K	20x	as long as short
Lighter DRAMlong	+0.0224%	1h	61.052	long leg	$1.1M	$1.2M	20x