DRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.10 per $10,000 · paid last 24h +0.030%

Price spread now: Lighter against Polymarket Perps+0.074%7-day average +0.052% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Polymarket Perps Short on Lighter

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−0.072%−$7 · spread now +0.074%, 7d avg +0.052%

Together, before fees+0.110%+ Points / potential airdropLighter: Season 3 · farm board+$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.021% dearer against Polymarket Perps than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps DRAM-USD	61.181	0.0050	pay 0.0006% / 1h	44m 23s	$254K	$1.4M	10x
Short	Lighter DRAM	61.226	0.0128	get 0.0016% / 1h	44m 23s	$1.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.074%Rate

Funding earned: $16.38
Price spread: +0.074% → +0.052%: $2.11
Slippage, 4 orders: −$7.32
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.17
Costs to cover: 0.153%
Break-even: 5.6 days

Slippage from Polymarket Perps: live order book, 4 min ago; Lighter: 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 Polymarket Perps live order book, 4 min ago	1.80 bp	7.1 bp −$7	7.3 bp −$73	8.5 bp −$846	doesn't fit
Sell Lighter live order book, 1 min ago	1.22 bp	1.2 bp −$1	4.1 bp −$41	51.5 bp −$5,151	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	−0.0473%	8h	61.220	+0.064%	$26.0M	$14.5M	20x	as long as short
Bybit DRAMUSDT	0.0000%	8h	61.210	+0.047%	$9.4M	$10.3M	100x	as long as short
RISEx DRAM/USDC	0.0000%	1h	61.210	+0.047%	$424K	$367K	20x	as long as short
Gate DRAM_USDT	0.0000%	8h	61.240	+0.096%	$8.0M	$3.7M	75x	as long as short
GRVT DRAM_USDT_Perp	0.0000%	8h	61.243	+0.101%	$36K	$200K	10x	as long as short
SunX DRAM-USDT	0.0000%	8h	61.170	−0.018%	$733	$2.6M	10x	as long as short
HTX DRAM-USDT	0.0000%	8h	61.170	−0.018%	$27K	$3K	20x	as long as short
Phemex DRAMUSDT	0.0000%	8h	61.220	+0.064%	$1.7M	$1.3M	10x	as long as short
Aster DRAMUSDT	+0.0023%	8h	61.215	+0.055%	$197K	$35K	20x	as long as short
Aftermath Perps DRAMUSD	+0.0029%	1h	61.205	+0.040%	$1K	$31K	5x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX DRAM-USDT-SWAP	+0.0029%	8h	61.200	+0.031%	$5.4M	$5.7M	50x	as long as short
QFEX DRAM-USD	+0.0039%	1h	61.200	+0.031%	$997K	$84K	10x	as long as short
Arcus DRAM-USD	+0.0040%	1h	61.200	+0.031%	$48K	$68K	10x	as long as short
Vest DRAM-USD-PERP	+0.0046%	1h	61.190	+0.015%	—	—	10x	as long as short
Entropy io:DRAM	+0.0050%	1h	61.200	+0.031%	$169K	$469K	25x	as long as short
Polymarket Perps DRAM-USDlong	+0.0050%	1h	61.181	long leg	$254K	$1.4M	10x
SoDEX DRAM-USD	+0.0050%	1h	61.206	+0.041%	$2K	$15K	20x	as long as short
Ondo Perps DRAM-USD.P	+0.0050%	1h	61.170	−0.018%	$1.1M	$3.4M	10x	as long as short
Variational Omni DRAM	+0.0076%	8h	61.194	+0.022%	$2.3M	$682K	—	as long as short
Deribit DRAM_USDC-PERPETUAL	+0.0077%	1h	61.160	−0.034%	$13K	$3K	20x	as long as short
edgeX DRAMUSDC	+0.0090%	4h	61.214	+0.053%	$148K	$299K	20x	as long as short
tradeXYZ xyz:DRAM	+0.0097%	1h	61.162	−0.031%	$79.2M	$35.9M	20x	as long as short
Pacifica DRAM	+0.0100%	1h	61.235	+0.089%	$73K	$46K	10x	as long as short
KuCoin DRAMUSDTM	+0.0100%	8h	61.180	−0.002%	$3.0M	$414K	20x	as long as short
ApeX Omni DRAMUSDT	+0.0100%	1h	61.250	+0.113%	$21K	$186K	50x	as long as short
Orderly PERP_DRAM_USDC_mythos	+0.0100%	8h	61.190	+0.015%	$8K	—	10x	as long as short
Paradex DRAM-USD-PERP	+0.0103%	8h	61.201	+0.033%	—	—	5x	as long as short
Aevo DRAM-PERP	+0.0104%	1h	61.184	+0.004%	$4K	—	10x	as long as short
BloFin DRAM-USDT	+0.0117%	8h	61.250	+0.113%	$301K	$26K	20x	as long as short
Binance DRAMUSDT	+0.0125%	8h	61.189	+0.013%	$43.8M	$87.4M	50x	as long as short
MEXC DRAM_USDT	+0.0125%	8h	61.190	+0.015%	$8.0M	$5.6M	100x	as long as short
Lighter DRAMshort	+0.0128%	1h	61.226	+0.074%	$1.1M	$1.2M	20x
Extended DRAM-USD	+0.0128%	1h	61.175	−0.010%	$74K	$190K	10x	as long as short
Coinbase International DRAM-PERP-INTX	+0.0160%	1h	61.110	−0.116%	$525K	$75K	20x	as long as short