Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h —

Price spread now: Bybit against Lighter+0.072%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 Bybit

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. Bybit is 0.072% dearer against Lighter than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter KORU	22.184	0.0032	pay 0.0004% / 1h	27m 40s	—	—	10x
Short	Bybit KORUUSDT	22.200	0	get 0.0000% / 8h	5h 27m	$5.8M	$27.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$6.72
Price spread: +0.072% → 0.000%: $7.21
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$10.51
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Lighter: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	2.25 bp	11.4 bp −$11	16.5 bp −$165	110.4 bp −$11.0K	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 exchanges

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	−0.1569%	8h	22.201	+0.077%	$52.9M	$79.9M	20x	as long as short
edgeX KORUUSDC	−0.0478%	4h	22.191	+0.033%	$445K	$318K	10x	as long as short
tradeXYZ xyz:KORU	−0.0063%	1h	22.188	+0.018%	$3.3M	$10.6M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.195	+0.048%	$57K	$328K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.194	+0.044%	$7K	$174K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.183	−0.007%	$47.2M	$417.2M	25x	as long as short
Bybit KORUUSDTshort	0.0000%	8h	22.200	+0.072%	$5.8M	$27.2M	50x
OKX KORU-USDT-SWAP	0.0000%	8h	22.180	−0.018%	$6.2M	$36.4M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.192	+0.036%	$29K	$325K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.190	+0.027%	$2.3M	$4.4M	25x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KORU_USD1	0.0000%	8h	22.200	+0.072%	$10.6M	$262K	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.200	+0.072%	—	$2.6M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.210	+0.117%	$8K	$21K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.190	+0.027%	$1.6M	$2.1M	10x	as long as short
Lighter KORUlong	+0.0032%	1h	22.184	long leg	—	—	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	22.190	+0.027%	$13K	$73K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.200	+0.072%	$399K	$843K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.201	+0.077%	$2K	$95K	10x	as long as short