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: Gate against Lighter−0.053%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Gate

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.053% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter KORU	22.459	0.0032	pay 0.0004% / 1h	23m 51s	—	—	10x
Short	Gate KORU_USDT	22.447	0	get 0.0000% / 8h	2h 23m	$2.5M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.053%Rate

Funding earned: −$6.72
Price spread: −0.053% → 0.000%: −$5.34
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	5.12 bp	25.4 bp −$25	55.0 bp −$550	69.2 bp −$6,920	90.5 bp −$45.2K

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
edgeX KORUUSDC	−0.0462%	4h	22.448	−0.049%	$449K	$302K	10x	as long as short
tradeXYZ xyz:KORU	−0.0170%	1h	22.429	−0.134%	$3.2M	$8.2M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.453	−0.027%	$81K	$263K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.447	−0.052%	$7K	$166K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.447	−0.054%	$56.2M	$339.3M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.450	−0.040%	$6.0M	$23.3M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.440	−0.085%	$6.0M	$31.2M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.447	−0.053%	$27K	$309K	5x	as long as short
Gate KORU_USDTshort	0.0000%	8h	22.447	−0.053%	$2.5M	$3.3M	25x
MEXC KORU_USDT	0.0000%	8h	22.450	−0.040%	$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	22.435	−0.107%	$52.3M	$78.9M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.430	−0.129%	—	$5.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.450	−0.040%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.450	−0.040%	$1.6M	$2.5M	10x	as long as short
Lighter KORUlong	+0.0032%	1h	22.459	long leg	—	—	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	22.420	−0.174%	$19K	$9K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.440	−0.085%	$485K	$1.2M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.448	−0.047%	$1K	$116K	10x	as long as short