Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex+0.044%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Lighter

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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.044% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.610	0	get 0.0000% / 8h	3h 25m	$1.6M	$2.3M	10x
Short	Lighter KORU	22.620	0.0032	get 0.0004% / 1h	25m 52s	—	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. 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 PhemexbpFee LighterbpOrdersPrice spread, now +0.044%Rate

Funding earned: $6.72
Price spread: +0.044% → 0.000%: $4.42
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.86
Costs to cover: 0.120%
Break-even: 7.9 days

Slippage unknown: Phemex: live order book, 3 min ago; Lighter: no order-book sample. 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 Phemex live order book, 3 min ago	4.41 bp	53.4 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Lighter no order-book sample	—	—	—	—	—

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
OKX KORU-USDT-SWAP	−0.0572%	8h	22.600	−0.044%	$6.2M	$28.2M	10x	as long as short
RISEx KORU/USDC	−0.0513%	1h	22.610	0.000%	$32K	$302K	5x	as long as short
tradeXYZ xyz:KORU	−0.0337%	1h	22.590	−0.088%	$3.2M	$9.1M	10x	as long as short
Extended KORU-USD	−0.0296%	1h	22.604	−0.029%	$8K	$214K	5x	as long as short
Binance KORUUSDT	−0.0293%	8h	22.606	−0.020%	$53.9M	$342.7M	25x	as long as short
MEXC KORU_USDT	−0.0286%	8h	22.620	+0.044%	$15.3M	$21.4M	50x	as long as short
KuCoin KORUUSDTM	−0.0273%	8h	22.620	+0.044%	$427K	$951K	20x	as long as short
Bybit KORUUSDT	−0.0262%	8h	22.610	0.000%	$6.6M	$22.2M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0181%	8h	22.617	+0.031%	$1K	$99K	10x	as long as short
Aster KORUUSDT	−0.0119%	8h	22.619	+0.039%	$87K	$292K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KORU_USDT	0.0000%	8h	22.608	−0.009%	$2.7M	$3.7M	25x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.590	−0.088%	$52.8M	$58.4M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.610	0.000%	—	$3.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.620	+0.044%	$8K	$18K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.610	long leg	$1.6M	$2.3M	10x
Lighter KORUshort	+0.0032%	1h	22.620	+0.044%	—	—	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	22.650	+0.177%	$11K	$54K	5x	as long as short
edgeX KORUUSDC	+0.0628%	4h	22.621	+0.050%	$454K	$311K	10x	as long as short