Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h —

Price spread now: Ondo Perps against Lighter+0.217%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 Ondo Perps

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 · Ondo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Ondo Perps is 0.217% dearer against Lighter than usual: you sell high and buy low: +$22 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	Lighter KORU	21.224	0.0032	pay 0.0004% / 1h	36m 05s	—	—	10x
Short	Ondo Perps KORU-USD.P	21.270	0.0050	get 0.0006% / 1h	36m 05s	$11K	$67K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.217%Rate

Funding earned: $3.86
Price spread: +0.217% → 0.000%: $21.67
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $20.54
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; Ondo Perps: 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 Lighter no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Lighter and Ondo Perps: 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	−0.2778%	8h	21.241	+0.080%	$53.4M	$62.4M	20x	as long as short
edgeX KORUUSDC	−0.0677%	4h	21.300	+0.358%	$427K	$315K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.249	+0.116%	$64K	$323K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.242	+0.085%	$5K	$176K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.247	+0.108%	$49.4M	$381.8M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.250	+0.123%	$6.4M	$23.8M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.260	+0.170%	$6.1M	$29.2M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.230	+0.028%	$27K	$292K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.244	+0.094%	$2.7M	$3.7M	25x	as long as short
MEXC KORU_USD1	0.0000%	8h	21.250	+0.123%	$11.2M	$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	21.230	+0.028%	—	$3.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.300	+0.358%	$8K	$21K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.260	+0.170%	$1.5M	$2.1M	10x	as long as short
Lighter KORUlong	+0.0032%	1h	21.224	long leg	—	—	10x
tradeXYZ xyz:KORU	+0.0050%	1h	21.227	+0.014%	$3.1M	$10.2M	10x	as long as short
Ondo Perps KORU-USD.Pshort	+0.0050%	1h	21.270	+0.217%	$11K	$67K	5x
KuCoin KORUUSDTM	+0.0081%	8h	21.240	+0.075%	$411K	$885K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.300	+0.358%	$1K	$102K	10x	as long as short