Funding arb · Price arb /

KORU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Aster−0.231%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1161.156% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)+0.098%+$10 · spread now −0.231%, 7d avg +0.001%

Together, before fees−0.016%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.232% cheaper against Aster than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster KORUUSDT	22.793	0	get 0.0000% / 8h	6h 22m	$92K	$288K	50x
Short	Phemex KORUUSDT	22.740	0	get 0.0000% / 8h	6h 22m	$1.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now −0.231%Rate

Funding earned: $0
Price spread: −0.231% → +0.001%: −$23.2
Slippage, 4 orders: −$95.55
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$138.75
Costs to cover: 1.156%
Break-even: never at this rate

Slippage from Aster: live order book, 44 min ago; Phemex: live order book, 6 min ago.

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 Aster live order book, 44 min ago	6.51 bp	10.5 bp −$11	13.7 bp −$137	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	8.78 bp	36.4 bp −$36	doesn't fit	doesn't fit	doesn't fit

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
tradeXYZ xyz:KORU	−0.0930%	1h	22.732	−0.266%	$3.2M	$7.9M	10x	as long as short
Bybit KORUUSDT	−0.0755%	8h	22.760	−0.143%	$6.5M	$21.9M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0574%	8h	22.760	−0.143%	$2K	$96K	10x	as long as short
Gate KORU_USDT	−0.0152%	8h	22.745	−0.209%	$2.6M	$3.5M	25x	as long as short
Aster KORUUSDTlong	0.0000%	8h	22.793	long leg	$92K	$288K	50x
Extended KORU-USD	0.0000%	1h	22.745	−0.211%	$7K	$207K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.760	−0.143%	$55.7M	$327.8M	25x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.740	−0.231%	$6.1M	$28.6M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.734	−0.257%	$36K	$302K	5x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.760	−0.143%	$14.7M	$19.8M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDT	0.0000%	8h	22.734	−0.257%	$53.0M	$60.3M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.800	+0.033%	—	$4.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.770	−0.099%	$8K	$17K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	22.740	−0.231%	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.780	−0.055%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.780	−0.055%	$16K	$40K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.750	−0.187%	$432K	$1.0M	20x	as long as short
edgeX KORUUSDC	+0.0859%	4h	22.760	−0.142%	$456K	$308K	10x	as long as short