Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bybit against Lighter+0.117%7-day average — · you sell dearer than you buy

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

Long on Lighter Short on Bybit

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

The price spread pays, funding is against you. Bybit is 0.117% dearer against Lighter than usual: you sell high and buy low (spread +0.117% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter KORU	21.315	0.0032	pay 0.0004% / 1h	53m 24s	—	—	10x
Short	Bybit KORUUSDT	21.340	0	get 0.0000% / 8h	7h 53m	$6.4M	$23.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$6.72
Price spread: +0.117% → 0.000%: $11.73
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$5.99
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 5 min ago. 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 Lighter no order-book sample	—	—	—	—	—
Sell Bybit live order book, 5 min ago	2.33 bp	10.3 bp −$10	17.5 bp −$175	127.4 bp −$12.7K	doesn't fit

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	−0.2938%	8h	21.381	+0.310%	$53.7M	$62.3M	20x	as long as short
Aster KORUUSDT	0.0000%	8h	21.369	+0.253%	$64K	$323K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.335	+0.096%	$5K	$182K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.360	+0.211%	$49.1M	$382.6M	25x	as long as short
Bybit KORUUSDTshort	0.0000%	8h	21.340	+0.117%	$6.4M	$23.9M	50x
OKX KORU-USDT-SWAP	0.0000%	8h	21.380	+0.305%	$6.0M	$29.2M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.344	+0.137%	$27K	$291K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.339	+0.113%	$2.7M	$3.7M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	21.380	+0.305%	$13.6M	$23.0M	50x	as long as short
SunX KORU-USDT	0.0000%	8h	21.310	−0.023%	—	$3.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX KORU-USDT	0.0000%	8h	21.360	+0.211%	$8K	$20K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.330	+0.070%	$1.5M	$2.1M	10x	as long as short
KuCoin KORUUSDTM	+0.0031%	8h	21.360	+0.211%	$415K	$894K	20x	as long as short
Lighter KORUlong	+0.0032%	1h	21.315	long leg	—	—	10x
tradeXYZ xyz:KORU	+0.0050%	1h	21.372	+0.267%	$3.1M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.390	+0.352%	$11K	$69K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.380	+0.305%	$2K	$103K	10x	as long as short
edgeX KORUUSDC	+0.0477%	4h	21.378	+0.297%	$428K	$315K	10x	as long as short