DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.06 per $10,000 · paid last 24h +0.003%

Price spread now: tradeXYZ against Lighter−0.078%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$220.222% of the position

Long on Lighter Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days+0.035%+$3 · spread now −0.078%, 7d avg −0.041%

Together, before fees−0.031%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. tradeXYZ is 0.038% cheaper against Lighter than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.041%). If the spread goes back, that is −$4 on $10k: about 2.5 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.066%, 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	62.434	0.0032	pay 0.0004% / 1h	34m 52s	$970K	$1.0M	20x
Short	tradeXYZ xyz:DRAM	62.385	0.0082	get 0.0010% / 1h	34m 52s	$81.8M	$35.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.078%Rate

Funding earned: $10.5
Price spread: −0.078% → −0.041%: −$3.8
Slippage, 4 orders: −$4.22
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$15.52
Costs to cover: 0.222%
Break-even: 17.4 days

Slippage from Lighter: live order book, 6 min ago; tradeXYZ: 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, 6 min ago	0.64 bp	0.9 bp −$1	1.8 bp −$18	22.3 bp −$2,226	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.24 bp	10.4 bp −$10	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
RISEx DRAM/USDC	0.0000%	1h	62.430	−0.006%	$442K	$501K	20x	as long as short
SunX DRAM-USDT	0.0000%	8h	62.430	−0.006%	$706	$2.7M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	62.390	−0.070%	$28K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	62.440	+0.010%	$1.7M	$1.3M	10x	as long as short
Aftermath Perps DRAMUSD	+0.0023%	1h	62.391	−0.069%	$1K	$32K	5x	as long as short
Lighter DRAMlong	+0.0032%	1h	62.434	long leg	$970K	$1.0M	20x
Arcus DRAM-USD	+0.0040%	1h	62.410	−0.038%	$49K	$79K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	62.410	−0.038%	—	—	10x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	62.404	−0.048%	$267K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	62.434	0.000%	$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	−0.086%	$1.1M	$2.2M	10x	as long as short
QFEX DRAM-USD	+0.0052%	1h	62.410	−0.038%	$1.0M	$78K	10x	as long as short
GRVT DRAM_USDT_Perp	+0.0061%	8h	62.434	0.000%	$37K	$168K	10x	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0070%	1h	62.430	−0.006%	$13K	$3K	20x	as long as short
tradeXYZ xyz:DRAMshort	+0.0082%	1h	62.385	−0.078%	$81.8M	$35.4M	20x
edgeX DRAMUSDC	+0.0084%	4h	62.422	−0.020%	$151K	$297K	20x	as long as short
Paradex DRAM-USD-PERP	+0.0092%	8h	62.426	−0.012%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	62.433	−0.002%	$76K	$44K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	62.410	−0.038%	$3.0M	$393K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	62.430	−0.006%	$22K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	62.450	+0.026%	$9K	—	10x	as long as short
Bitget DRAMUSDT	+0.0102%	8h	62.440	+0.010%	$26.3M	$13.2M	20x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	62.448	+0.022%	$4K	—	10x	as long as short
OKX DRAM-USDT-SWAP	+0.0132%	8h	62.430	−0.006%	$5.5M	$4.4M	50x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0152%	1h	62.330	−0.167%	$535K	$75K	20x	as long as short
Entropy io:DRAM	+0.0169%	1h	62.398	−0.058%	$198K	$436K	25x	as long as short
Bybit DRAMUSDT	+0.0188%	8h	62.446	+0.019%	$9.7M	$9.8M	100x	as long as short
Aster DRAMUSDT	+0.0302%	8h	62.448	+0.023%	$201K	$35K	20x	as long as short
Variational Omni DRAM	+0.0380%	8h	62.424	−0.016%	$2.4M	$753K	—	as long as short
Extended DRAM-USD	+0.0416%	1h	62.415	−0.031%	$75K	$621K	10x	as long as short
Binance DRAMUSDT	+0.0418%	8h	62.417	−0.028%	$45.0M	$80.2M	50x	as long as short
MEXC DRAM_USDT	+0.0420%	8h	62.420	−0.022%	$9.2M	$5.4M	100x	as long as short
BloFin DRAM-USDT	+0.0538%	8h	62.430	−0.006%	$302K	$26K	20x	as long as short
Gate DRAM_USDT	+0.0624%	8h	62.460	+0.042%	$8.2M	$3.5M	75x	as long as short