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: OKX against Lighter−0.062%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 OKX

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 OKX is 0.062% cheaper against Lighter than usual: you would sell low and buy high (−$6 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	22.414	0.0032	pay 0.0004% / 1h	0m 56s	—	—	10x
Short	OKX KORU-USDT-SWAP	22.400	0	get 0.0000% / 8h	2h 00m	$6.0M	$31.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$6.72
Price spread: −0.062% → 0.000%: −$6.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.97
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	2.23 bp	8.7 bp −$9	19.0 bp −$190	91.8 bp −$9,179	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
tradeXYZ xyz:KORU	−0.0292%	1h	22.397	−0.076%	$3.2M	$8.2M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.437	+0.101%	$81K	$263K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.428	+0.060%	$7K	$167K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.430	+0.071%	$56.1M	$338.7M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.420	+0.027%	$6.0M	$23.3M	50x	as long as short
OKX KORU-USDT-SWAPshort	0.0000%	8h	22.400	−0.062%	$6.0M	$31.1M	10x
RISEx KORU/USDC	0.0000%	1h	22.419	+0.022%	$28K	$311K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.420	+0.027%	$2.5M	$3.3M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.430	+0.071%	$13.9M	$20.3M	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.416	+0.009%	$52.4M	$78.2M	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	22.410	−0.018%	—	$5.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.430	+0.071%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.430	+0.071%	$1.6M	$2.4M	10x	as long as short
Lighter KORUlong	+0.0032%	1h	22.414	long leg	—	—	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	22.420	+0.027%	$19K	$11K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.410	−0.018%	$485K	$1.2M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.413	−0.006%	$1K	$114K	10x	as long as short
edgeX KORUUSDC	+0.0948%	4h	22.423	+0.041%	$449K	$304K	10x	as long as short