Funding arb · Price arb /

DRAM

RWAall DRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0167%/8h= +18.2% APRpaid last 24h −0.001%

Price spread now: Lighter against OKX−0.059%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on OKX Short on Lighter

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+0.068%+$7 · spread now −0.059%, 7d avg −0.030%

Together, before fees+0.229%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.029% cheaper against OKX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.030%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.161% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX DRAM-USDT-SWAP	61.130	0.0033	pay 0.0033% / 8h	2h 25m	$5.4M	$5.4M	50x
Short	Lighter DRAM	61.094	0.0200	get 0.0025% / 1h	25m 53s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.059%Rate

Funding earned: $34.97
Price spread: −0.059% → −0.030%: −$2.91
Slippage, 4 orders: −$8.74
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $13.33
Costs to cover: 0.187%
Break-even: 4.3 days

Slippage from OKX: live order book, 2 min ago; Lighter: 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 OKX live order book, 2 min ago	0.82 bp	7.2 bp −$7	12.9 bp −$129	114.5 bp −$11.4K	doesn't fit
Sell Lighter live order book, 5 min ago	0.82 bp	1.2 bp −$1	2.0 bp −$20	43.5 bp −$4,354	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	−0.0412%	8h	61.160	+0.049%	$25.8M	$14.0M	20x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.040	−0.147%	$423K	$507K	20x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.140	+0.016%	$36K	$194K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.100	−0.049%	$750	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	60.950	−0.294%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.140	+0.016%	$1.7M	$1.3M	10x	as long as short
Bybit DRAMUSDT	+0.0012%	8h	61.099	−0.051%	$9.4M	$10.2M	100x	as long as short
Aftermath Perps DRAMUSD	+0.0024%	1h	61.070	−0.098%	$1K	$31K	5x	as long as short
OKX DRAM-USDT-SWAPlong	+0.0033%	8h	61.130	long leg	$5.4M	$5.4M	50x
Arcus DRAM-USD	+0.0040%	1h	61.010	−0.196%	$48K	$75K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest DRAM-USD-PERP	+0.0046%	1h	61.060	−0.115%	—	—	10x	as long as short
QFEX DRAM-USD	+0.0050%	1h	61.070	−0.098%	$995K	$84K	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.029	−0.165%	$168K	$469K	25x	as long as short
Polymarket Perps DRAM-USD	+0.0050%	1h	61.054	−0.124%	$256K	$1.3M	10x	as long as short
SoDEX DRAM-USD	+0.0050%	1h	61.018	−0.183%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	60.940	−0.311%	$1.1M	$3.1M	10x	as long as short
Aster DRAMUSDT	+0.0062%	8h	61.093	−0.060%	$197K	$35K	20x	as long as short
edgeX DRAMUSDC	+0.0071%	4h	61.119	−0.018%	$148K	$297K	20x	as long as short
Gate DRAM_USDT	+0.0083%	8h	61.150	+0.033%	$8.0M	$3.7M	75x	as long as short
Paradex DRAM-USD-PERP	+0.0099%	8h	61.040	−0.147%	—	—	5x	as long as short
Pacifica DRAM	+0.0100%	1h	61.046	−0.138%	$73K	$49K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.050	−0.131%	$3.0M	$406K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.070	−0.098%	$21K	$184K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.070	−0.098%	$8K	—	10x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.060	−0.115%	$4K	—	10x	as long as short
Variational Omni DRAM	+0.0113%	8h	61.095	−0.057%	$2.3M	$676K	—	as long as short
tradeXYZ xyz:DRAM	+0.0126%	1h	61.067	−0.103%	$79.1M	$36.0M	20x	as long as short
BloFin DRAM-USDT	+0.0130%	8h	60.980	−0.245%	$300K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0168%	8h	61.111	−0.032%	$43.7M	$85.7M	50x	as long as short
Extended DRAM-USD	+0.0168%	1h	61.074	−0.091%	$76K	$191K	10x	as long as short
MEXC DRAM_USDT	+0.0170%	8h	61.110	−0.033%	$8.1M	$5.6M	100x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0184%	1h	61.060	−0.115%	$524K	$74K	20x	as long as short
Lighter DRAMshort	+0.0200%	1h	61.094	−0.059%	$1.1M	$1.2M	20x
Deribit DRAM_USDC-PERPETUAL	+0.0241%	1h	61.080	−0.082%	$13K	$3K	20x	as long as short