Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h —

Price spread now: Lighter against Phemex−0.050%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 0.050% cheaper against Phemex than usual: you would sell low and buy high (spread −0.050% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 5.2 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	22.160	0	get 0.0000% / 8h	1h 51m	$1.6M	$2.3M	10x
Short	Lighter KORU	22.149	0.0032	get 0.0004% / 1h	51m 03s	—	—	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 −0.050%Rate

Funding earned: $6.72
Price spread: −0.050% → 0.000%: −$4.96
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$10.24
Costs to cover: 0.120%
Break-even: 17.7 days

Slippage unknown: Phemex: live order book, 2 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, 2 min ago	9.03 bp	47.5 bp −$48	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
Bitget KORUUSDT	−0.1440%	8h	22.179	+0.086%	$54.2M	$62.2M	20x	as long as short
edgeX KORUUSDC	−0.0938%	4h	22.130	−0.135%	$444K	$314K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0368%	8h	22.170	+0.045%	$6.0M	$30.4M	10x	as long as short
KuCoin KORUUSDTM	−0.0219%	8h	22.130	−0.135%	$409K	$909K	20x	as long as short
tradeXYZ xyz:KORU	−0.0135%	1h	22.133	−0.122%	$3.3M	$10.0M	10x	as long as short
MEXC KORU_USDT	−0.0121%	8h	22.160	0.000%	$13.5M	$22.4M	50x	as long as short
Extended KORU-USD	−0.0120%	1h	22.160	−0.002%	$7K	$180K	5x	as long as short
Binance KORUUSDT	−0.0118%	8h	22.160	0.000%	$50.5M	$371.6M	25x	as long as short
Bybit KORUUSDT	−0.0046%	8h	22.150	−0.045%	$6.3M	$24.4M	50x	as long as short
Aster KORUUSDT	−0.0043%	8h	22.147	−0.057%	$65K	$337K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx KORU/USDC	0.0000%	1h	22.120	−0.181%	$29K	$308K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.141	−0.086%	$2.2M	$4.0M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	22.130	−0.135%	—	$3.5M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.130	−0.135%	$8K	$19K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.160	long leg	$1.6M	$2.3M	10x
Lighter KORUshort	+0.0032%	1h	22.149	−0.050%	—	—	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	22.100	−0.271%	$11K	$65K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.150	−0.045%	$2K	$104K	10x	as long as short