Funding you earn now, next payment 09:00 UTC−0.0259%/8h= −28.3% APRnext payment −$0.32 per $10,000 · paid last 24h −0.030%
Price spread now: QFEX against Lighter+0.045%7-day average −0.016% · 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−$13as in the Price arb table
costs, in and out, $10k−$190.188% of the position
Funding, last 4 days (all we have)−0.087%−$9 on $10k
+Price spread, last 7 days−0.130%−$13 · spread now +0.045%, 7d avg −0.016%
=Together, before fees−0.217%+ Points / potential airdropLighter: Season 3 · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. QFEX is 0.060% dearer against Lighter than usual: you sell high and buy low (spread +0.045% now, against its 7-day average of −0.016%): +$6 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 4 days (−0.087% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.087% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter DRAM | 60.493 | 0.0312 | pay 0.0039% / 1h | 17m 15s | $1.1M | $1.2M | 20x |
| Short | QFEX DRAM-USD | 60.520 | 0.0053 | get 0.0007% / 1h | 17m 15s | $986K | $91K | 10x |
Lighter DRAM
QFEX DRAM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- −$54.3
- Price spread: +0.045% → −0.016%
- $6.02
- Slippage, 4 orders
- −$8.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$67.07
- Costs to cover
- 0.188%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 9 min ago; QFEX: live order book, 58 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, 9 min ago | 0.91 bp | 1.0 bp −$1 | 1.8 bp −$18 | 54.9 bp −$5,485 | doesn't fit |
| Sell QFEX live order book, 58 min ago | 3.29 bp | 8.3 bp −$8 | 8.3 bp −$83 | 14.2 bp −$1,424 | 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 | −0.0514% | 8h | 60.480 | −0.021% | $26.4M | $15.2M | 20x | as long as short |
| Aster DRAMUSDT | 0.0000% | 8h | 60.489 | −0.007% | $194K | $26K | 20x | as long as short |
| Extended DRAM-USD | 0.0000% | 1h | 60.465 | −0.046% | $75K | $248K | 10x | as long as short |
| Binance DRAMUSDT | 0.0000% | 8h | 60.490 | −0.005% | $43.7M | $91.7M | 50x | as long as short |
| RISEx DRAM/USDC | 0.0000% | 1h | 60.483 | −0.016% | $416K | $337K | 20x | as long as short |
| Gate DRAM_USDT | 0.0000% | 8h | 60.510 | +0.028% | $7.9M | $3.7M | 75x | as long as short |
| MEXC DRAM_USDT | 0.0000% | 8h | 60.470 | −0.038% | $9.2M | $5.5M | 100x | as long as short |
| Variational Omni DRAM | 0.0000% | 8h | 60.406 | −0.143% | $2.2M | $688K | — | as long as short |
| GRVT DRAM_USDT_Perp | 0.0000% | 8h | 60.410 | −0.137% | $35K | $211K | 10x | as long as short |
| SunX DRAM-USDT | 0.0000% | 8h | 60.480 | −0.021% | $756 | $2.5M | 10x | as long as short |
Bitget DRAMUSDT
Aster DRAMUSDT
Extended DRAM-USD
Binance DRAMUSDT
RISEx DRAM/USDC
Gate DRAM_USDT
MEXC DRAM_USDT
Variational Omni DRAM
GRVT DRAM_USDT_Perp
SunX DRAM-USDTShow all 34 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX DRAM-USDT | 0.0000% | 8h | 60.370 | −0.203% | $27K | $3K | 20x | as long as short |
| Phemex DRAMUSDT | 0.0000% | 8h | 60.490 | −0.005% | $1.7M | $1.3M | 10x | as long as short |
| OKX DRAM-USDT-SWAP | +0.0028% | 8h | 60.500 | +0.012% | $5.4M | $6.3M | 50x | as long as short |
| Arcus DRAM-USD | +0.0040% | 1h | 60.470 | −0.038% | $47K | $68K | 10x | as long as short |
| Aftermath Perps DRAMUSD | +0.0042% | 1h | 60.326 | −0.276% | $1K | $29K | 5x | as long as short |
| Vest DRAM-USD-PERP | +0.0046% | 1h | 60.500 | +0.012% | — | — | 10x | as long as short |
| Entropy io:DRAM | +0.0050% | 1h | 60.418 | −0.124% | $162K | $505K | 25x | as long as short |
| SoDEX DRAM-USD | +0.0050% | 1h | 60.475 | −0.030% | $2K | $15K | 20x | as long as short |
| Ondo Perps DRAM-USD.P | +0.0050% | 1h | 60.390 | −0.170% | $1.1M | $3.5M | 10x | as long as short |
| QFEX DRAM-USDshort | +0.0053% | 1h | 60.520 | +0.045% | $986K | $91K | 10x | |
| edgeX DRAMUSDC | +0.0066% | 4h | 60.411 | −0.136% | $146K | $300K | 20x | as long as short |
| Pacifica DRAM | +0.0100% | 1h | 60.419 | −0.122% | $72K | $30K | 10x | as long as short |
| KuCoin DRAMUSDTM | +0.0100% | 8h | 60.410 | −0.137% | $2.9M | $397K | 20x | as long as short |
| ApeX Omni DRAMUSDT | +0.0100% | 1h | 60.390 | −0.170% | $21K | $183K | 50x | as long as short |
| Orderly PERP_DRAM_USDC_mythos | +0.0100% | 8h | 60.480 | −0.021% | $8K | — | 10x | as long as short |
| BloFin DRAM-USDT | +0.0101% | 8h | 60.430 | −0.104% | $299K | $26K | 20x | as long as short |
| Aevo DRAM-PERP | +0.0104% | 1h | 60.482 | −0.018% | $4K | — | 10x | as long as short |
| Bybit DRAMUSDT | +0.0105% | 8h | 60.513 | +0.033% | $9.6M | $10.5M | 100x | as long as short |
| Polymarket Perps DRAM-USD | +0.0127% | 1h | 60.492 | −0.002% | $251K | $1.3M | 10x | as long as short |
| Paradex DRAM-USD-PERP | +0.0142% | 8h | 60.493 | 0.000% | — | — | 5x | as long as short |
| tradeXYZ xyz:DRAM | +0.0203% | 1h | 60.454 | −0.064% | $78.5M | $36.0M | 20x | as long as short |
| Coinbase International DRAM-PERP-INTX | +0.0248% | 1h | 60.100 | −0.650% | $527K | $87K | 20x | as long as short |
| Lighter DRAMlong | +0.0312% | 1h | 60.493 | long leg | $1.1M | $1.2M | 20x | |
| Deribit DRAM_USDC-PERPETUAL | +0.0412% | 1h | 60.460 | −0.055% | $12K | $3K | 20x | as long as short |
HTX DRAM-USDT
Phemex DRAMUSDT
OKX DRAM-USDT-SWAP
Arcus DRAM-USD
Aftermath Perps DRAMUSD
Vest DRAM-USD-PERP
Entropy io:DRAM
SoDEX DRAM-USD
Ondo Perps DRAM-USD.P
edgeX DRAMUSDC
Pacifica DRAM
KuCoin DRAMUSDTM
ApeX Omni DRAMUSDT
Orderly PERP_DRAM_USDC_mythos
BloFin DRAM-USDT
Aevo DRAM-PERP
Bybit DRAMUSDT
Polymarket Perps DRAM-USD
Paradex DRAM-USD-PERP
tradeXYZ xyz:DRAM
Coinbase International DRAM-PERP-INTX
Deribit DRAM_USDC-PERPETUAL