Funding you earn now, next payment 16:00 UTC+0.1599%/8h= +175.1% APRnext payment +$15.99 per $10,000 · paid last 24h +0.288%
Price spread now: Phemex against Bitget−0.063%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1461.460% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.063%, 7d avg +0.014%
=Funding pays, the price is against you. Phemex is 0.077% cheaper against Bitget than usual: you would sell low and buy high (spread −0.063% now, against its 7-day average of +0.014%). If the spread goes back, that is −$8 on $10k: about 4 hours of funding at the current rate (+$48 a day). Mind the row above: over the last 7 days funding on this pair cost −0.114%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.99 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget KORUUSDT | 22.214 | −0.1599 | get 0.1599% / 8h | 5h 30m | $53.0M | $79.9M | 20x |
| Short | Phemex KORUUSDT | 22.200 | 0 | get 0.0000% / 8h | 5h 30m | $1.6M | $2.1M | 10x |
Bitget KORUUSDT
Phemex KORUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Bitget. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $335.79
- Price spread: −0.063% → +0.014%
- −$7.72
- Slippage, 4 orders
- −$121.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $182.09
- Costs to cover
- 1.460%
- Break-even
- 3.2 days
Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago | 0.45 bp | 9.6 bp −$10 | 19.3 bp −$193 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 6.75 bp | 73.3 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
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 KORUUSDTlong | −0.1599% | 8h | 22.214 | long leg | $53.0M | $79.9M | 20x | |
| edgeX KORUUSDC | −0.0137% | 4h | 22.182 | −0.143% | $444K | $318K | 10x | as long as short |
| tradeXYZ xyz:KORU | −0.0069% | 1h | 22.207 | −0.032% | $3.3M | $10.6M | 10x | as long as short |
| Aster KORUUSDT | 0.0000% | 8h | 22.197 | −0.077% | $56K | $328K | 50x | as long as short |
| Extended KORU-USD | 0.0000% | 1h | 22.190 | −0.110% | $7K | $174K | 5x | as long as short |
| Binance KORUUSDT | 0.0000% | 8h | 22.199 | −0.067% | $47.3M | $417.0M | 25x | as long as short |
| Bybit KORUUSDT | 0.0000% | 8h | 22.210 | −0.018% | $5.8M | $27.2M | 50x | as long as short |
| OKX KORU-USDT-SWAP | 0.0000% | 8h | 22.200 | −0.063% | $6.2M | $36.4M | 10x | as long as short |
| RISEx KORU/USDC | 0.0000% | 1h | 22.192 | −0.101% | $29K | $325K | 5x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 22.200 | −0.063% | $2.3M | $4.4M | 25x | as long as short |
edgeX KORUUSDC
tradeXYZ xyz:KORU
Aster KORUUSDT
Extended KORU-USD
Binance KORUUSDT
Bybit KORUUSDT
OKX KORU-USDT-SWAP
RISEx KORU/USDC
Gate KORU_USDTShow 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 | −0.063% | $10.6M | $262K | 20x | as long as short |
| SunX KORU-USDT | 0.0000% | 8h | 22.210 | −0.018% | — | $2.6M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 22.180 | −0.153% | $8K | $21K | 20x | as long as short |
| Phemex KORUUSDTshort | 0.0000% | 8h | 22.200 | −0.063% | $1.6M | $2.1M | 10x | |
| Lighter KORU | +0.0032% | 1h | 22.195 | −0.086% | — | — | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 22.190 | −0.108% | $13K | $73K | 5x | as long as short |
| KuCoin KORUUSDTM | +0.0100% | 8h | 22.200 | −0.063% | $399K | $845K | 20x | as long as short |
| GRVT KORU_USDT_Perp | +0.0100% | 8h | 22.191 | −0.102% | $2K | $95K | 10x | as long as short |
MEXC KORU_USD1
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
Ondo Perps KORU-USD.P
KuCoin KORUUSDTM
GRVT KORU_USDT_Perp