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: Phemex against Lighter+0.171%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 Phemex

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. Phemex is 0.171% dearer against Lighter than usual: you sell high and buy low (spread +0.171% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 18 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter KORU	21.104	0.0032	pay 0.0004% / 1h	31m 51s	—	—	10x
Short	Phemex KORUUSDT	21.140	0	get 0.0000% / 8h	7h 31m	$1.5M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$6.72
Price spread: +0.171% → 0.000%: $17.06
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$1.66
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Phemex: live order book, 1 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 Phemex live order book, 1 min ago	4.72 bp	46.3 bp −$46	doesn't fit	doesn't fit	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	−0.2742%	8h	21.133	+0.137%	$53.4M	$63.5M	20x	as long as short
edgeX KORUUSDC	−0.0921%	4h	21.248	+0.681%	$426K	$316K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.156	+0.245%	$64K	$321K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.125	+0.101%	$6K	$179K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.130	+0.123%	$49.2M	$384.2M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.120	+0.076%	$6.4M	$24.0M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.130	+0.123%	$6.0M	$29.4M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.156	+0.248%	$27K	$292K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.131	+0.128%	$2.7M	$3.8M	25x	as long as short
MEXC KORU_USD1	0.0000%	8h	21.140	+0.171%	$11.1M	$80K	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	21.120	+0.076%	—	$3.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.210	+0.502%	$8K	$21K	20x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	21.140	+0.171%	$1.5M	$2.1M	10x
Lighter KORUlong	+0.0032%	1h	21.104	long leg	—	—	10x
tradeXYZ xyz:KORU	+0.0050%	1h	21.105	+0.005%	$3.1M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.200	+0.455%	$11K	$67K	5x	as long as short
KuCoin KORUUSDTM	+0.0092%	8h	21.120	+0.076%	$409K	$883K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.260	+0.738%	$1K	$102K	10x	as long as short