Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h —

Price spread now: Lighter against KuCoin−0.051%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 0.051% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.5 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KORUUSDTM	21.750	−0.0036	get 0.0036% / 8h	36m 03s	$401K	$893K	20x
Short	Lighter KORU	21.739	0.0032	get 0.0004% / 1h	36m 03s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.051%Rate

Funding earned: $14.28
Price spread: −0.051% → 0.000%: −$5.06
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.78
Costs to cover: 0.120%
Break-even: 8.4 days

Slippage unknown: KuCoin: live order book, 58 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 KuCoin live order book, 58 min ago	2.28 bp	47.7 bp −$48	doesn't fit	doesn't fit	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
Bitget KORUUSDT	−0.2271%	8h	21.757	+0.032%	$54.4M	$61.9M	20x	as long as short
OKX KORU-USDT-SWAP	−0.0122%	8h	21.740	−0.046%	$6.0M	$29.4M	10x	as long as short
KuCoin KORUUSDTMlong	−0.0036%	8h	21.750	long leg	$401K	$893K	20x
Aster KORUUSDT	0.0000%	8h	21.754	+0.020%	$64K	$319K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.744	−0.028%	$9K	$184K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.750	0.000%	$49.6M	$379.6M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.750	0.000%	$6.4M	$24.3M	50x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.746	−0.020%	$28K	$304K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.748	−0.009%	$2.5M	$4.1M	25x	as long as short
MEXC KORU_USD1	0.0000%	8h	21.780	+0.138%	$11.5M	$82K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KORU-USDT	0.0000%	8h	21.740	−0.046%	—	$3.4M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.760	+0.046%	$8K	$20K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.740	−0.046%	$1.5M	$2.2M	10x	as long as short
Lighter KORUshort	+0.0032%	1h	21.739	−0.051%	—	—	10x
tradeXYZ xyz:KORU	+0.0050%	1h	21.737	−0.060%	$3.2M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.760	+0.046%	$11K	$70K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.787	+0.170%	$2K	$103K	10x	as long as short
edgeX KORUUSDC	+0.0378%	4h	21.782	+0.149%	$436K	$315K	10x	as long as short