Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0205%/8h= −22.5% APRnext payment −$0.26 per $10,000 · paid last 24h —

Price spread now: tradeXYZ against Lighter+0.093%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 tradeXYZ

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 · tradeXYZ: Active · farm boardneeds both histories

The price spread pays, funding is against you. tradeXYZ is 0.093% dearer against Lighter than usual: you sell high and buy low (spread +0.093% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter KORU	22.699	0.0032	pay 0.0004% / 1h	43m 28s	—	—	10x
Short	tradeXYZ xyz:KORU	22.720	−0.0173	pay 0.0022% / 1h	43m 28s	$3.1M	$8.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$43.11
Price spread: +0.093% → 0.000%: $9.25
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$51.85
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; tradeXYZ: 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 tradeXYZ live order book, 5 min ago	4.39 bp	14.1 bp −$14	21.5 bp −$215	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
edgeX KORUUSDC	−0.0871%	4h	22.774	+0.329%	$456K	$313K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0573%	8h	22.720	+0.093%	$6.2M	$28.1M	10x	as long as short
RISEx KORU/USDC	−0.0513%	1h	22.713	+0.061%	$34K	$301K	5x	as long as short
Extended KORU-USD	−0.0280%	1h	22.714	+0.068%	$6K	$208K	5x	as long as short
Bybit KORUUSDT	−0.0280%	8h	22.720	+0.093%	$6.6M	$21.7M	50x	as long as short
Binance KORUUSDT	−0.0277%	8h	22.721	+0.096%	$54.7M	$334.1M	25x	as long as short
MEXC KORU_USDT	−0.0273%	8h	22.720	+0.093%	$15.3M	$21.1M	50x	as long as short
KuCoin KORUUSDTM	−0.0254%	8h	22.730	+0.137%	$439K	$956K	20x	as long as short
GRVT KORU_USDT_Perp	−0.0214%	8h	22.720	+0.093%	$1K	$98K	10x	as long as short
tradeXYZ xyz:KORUshort	−0.0173%	1h	22.720	+0.093%	$3.1M	$8.8M	10x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KORUUSDT	−0.0106%	8h	22.740	+0.181%	$88K	$291K	50x	as long as short
Gate KORU_USDT	0.0000%	8h	22.740	+0.181%	$2.6M	$3.6M	25x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.719	+0.088%	$53.0M	$57.9M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.720	+0.093%	—	$3.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.720	+0.093%	$8K	$18K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.710	+0.048%	$1.6M	$2.4M	10x	as long as short
Lighter KORUlong	+0.0032%	1h	22.699	long leg	—	—	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	22.770	+0.313%	$13K	$50K	5x	as long as short