Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex−0.092%7-day average — · you buy dearer than you sell

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

Funding pays, the price is against you. Lighter is 0.092% cheaper against Phemex than usual: you would sell low and buy high (spread −0.092% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 9.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.900	0	get 0.0000% / 8h	5h 48m	$1.6M	$2.4M	10x
Short	Lighter KORU	22.879	0.0032	get 0.0004% / 1h	48m 33s	—	—	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 −0.092%Rate

Funding earned: $6.72
Price spread: −0.092% → 0.000%: −$9.17
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.45
Costs to cover: 0.120%
Break-even: 22.1 days

Slippage unknown: Phemex: live order book, 5 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, 5 min ago	4.37 bp	50.8 bp −$51	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
RISEx KORU/USDC	−0.1847%	1h	22.855	−0.199%	$37K	$303K	5x	as long as short
tradeXYZ xyz:KORU	−0.1219%	1h	22.827	−0.319%	$3.1M	$8.1M	10x	as long as short
Bybit KORUUSDT	−0.1029%	8h	22.860	−0.175%	$6.5M	$21.7M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0982%	8h	22.930	+0.129%	$2K	$96K	10x	as long as short
edgeX KORUUSDC	−0.0588%	4h	22.893	−0.030%	$458K	$310K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0316%	8h	22.850	−0.218%	$6.1M	$28.6M	10x	as long as short
Ondo Perps KORU-USD.P	−0.0311%	1h	22.930	+0.131%	$13K	$50K	5x	as long as short
HTX KORU-USDT	−0.0180%	8h	22.920	+0.087%	$8K	$17K	10x	as long as short
Gate KORU_USDT	−0.0148%	8h	22.855	−0.197%	$2.6M	$3.6M	25x	as long as short
KuCoin KORUUSDTM	−0.0100%	8h	22.890	−0.044%	$435K	$1.0M	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance KORUUSDT	−0.0058%	8h	22.860	−0.175%	$55.8M	$325.8M	25x	as long as short
MEXC KORU_USDT	−0.0049%	8h	22.850	−0.218%	$16.6M	$19.6M	50x	as long as short
Extended KORU-USD	−0.0048%	1h	22.844	−0.245%	$7K	$211K	5x	as long as short
Aster KORUUSDT	0.0000%	8h	22.837	−0.276%	$90K	$288K	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.837	−0.275%	$53.1M	$58.9M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.980	+0.349%	—	$4.0M	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.900	long leg	$1.6M	$2.4M	10x
Lighter KORUshort	+0.0032%	1h	22.879	−0.092%	—	—	10x