Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Bybit−0.112%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.112% cheaper against Bybit than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KORUUSDT	22.420	0	get 0.0000% / 8h	2h 11m	$6.0M	$23.3M	50x
Short	Lighter KORU	22.395	0.0032	get 0.0004% / 1h	11m 46s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now −0.112%Rate

Funding earned: $6.72
Price spread: −0.112% → 0.000%: −$11.15
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.43
Costs to cover: 0.110%
Break-even: 23.1 days

Slippage unknown: Bybit: live order book, 7 min ago; Lighter: no order-book sample. Net counts fees only.

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 Bybit live order book, 7 min ago	2.23 bp	10.6 bp −$11	28.4 bp −$284	144.8 bp −$14.5K	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

KORU on 18 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
tradeXYZ xyz:KORU	−0.0287%	1h	22.395	−0.112%	$3.2M	$8.2M	10x	as long as short
edgeX KORUUSDC	−0.0208%	4h	22.443	+0.102%	$449K	$304K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.420	−0.001%	$81K	$263K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.428	+0.035%	$7K	$166K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.430	+0.045%	$56.0M	$339.1M	25x	as long as short
Bybit KORUUSDTlong	0.0000%	8h	22.420	long leg	$6.0M	$23.3M	50x
OKX KORU-USDT-SWAP	0.0000%	8h	22.410	−0.045%	$6.0M	$31.1M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.427	+0.029%	$27K	$311K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.415	−0.022%	$2.5M	$3.3M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.430	+0.045%	$13.9M	$20.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDT	0.0000%	8h	22.409	−0.049%	$52.4M	$78.3M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.420	0.000%	—	$5.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.440	+0.089%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.420	0.000%	$1.6M	$2.5M	10x	as long as short
Lighter KORUshort	+0.0032%	1h	22.395	−0.112%	—	—	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	22.420	0.000%	$19K	$11K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.410	−0.045%	$485K	$1.2M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.434	+0.061%	$1K	$114K	10x	as long as short