Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.048%

Price spread now: RISEx against Binance−0.117%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.117%, 7d avg −0.010%

Together, before fees+0.065%+$7 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: RISEx is 0.107% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KORUUSDT	21.245	0	get 0.0000% / 8h	7h 24m	$49.4M	$381.6M	25x
Short	RISEx KORU/USDC	21.220	0	get 0.0000% / 1h	24m 15s	$27K	$292K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. 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 BinancebpFee RISExbpOrdersPrice spread, now −0.117%Rate

Funding earned: $0
Price spread: −0.117% → −0.010%: −$10.74
Slippage, 4 orders: −$8.98
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$35.73
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; RISEx: live order book, 9 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 Binance live order book, 4 min ago	2.37 bp	7.4 bp −$7	9.3 bp −$93	24.8 bp −$2,483	76.4 bp −$38.2K
Sell RISEx live order book, 9 min ago	2.13 bp	5.1 bp −$5	10.9 bp −$109	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
Bitget KORUUSDT	−0.2645%	8h	21.259	+0.066%	$53.8M	$63.8M	20x	as long as short
edgeX KORUUSDC	−0.0711%	4h	21.172	−0.345%	$424K	$315K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.236	−0.044%	$63K	$302K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.242	−0.015%	$6K	$179K	5x	as long as short
Binance KORUUSDTlong	0.0000%	8h	21.245	long leg	$49.4M	$381.6M	25x
Bybit KORUUSDT	0.0000%	8h	21.240	−0.023%	$6.6M	$24.0M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.260	+0.071%	$6.1M	$29.4M	10x	as long as short
RISEx KORU/USDCshort	0.0000%	1h	21.220	−0.117%	$27K	$292K	5x
Gate KORU_USDT	0.0000%	8h	21.234	−0.052%	$2.8M	$3.9M	25x	as long as short
MEXC KORU_USD1	0.0000%	8h	21.230	−0.070%	$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	−0.070%	—	$3.0M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.200	−0.212%	$8K	$21K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.260	+0.071%	$1.5M	$2.1M	10x	as long as short
Lighter KORU	+0.0032%	1h	21.235	−0.047%	—	—	10x	as long as short
tradeXYZ xyz:KORU	+0.0050%	1h	21.229	−0.075%	$3.2M	$10.2M	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.160	−0.400%	$11K	$67K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	21.210	−0.165%	$401K	$881K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.182	−0.298%	$1K	$103K	10x	as long as short