Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0501%/8h= +54.8% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Bybit−0.130%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.130% cheaper against Bybit than usual: you would sell low and buy high (spread −0.130% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 21 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KORUUSDT	23.140	−0.0450	get 0.0450% / 8h	4h 21m	$6.7M	$21.8M	50x
Short	Ondo Perps KORU-USD.P	23.110	0.0050	get 0.0006% / 1h	21m 47s	$13K	$51K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.130%Rate

Funding earned: $105.14
Price spread: −0.130% → 0.000%: −$12.96
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $76.17
Costs to cover: 0.160%
Break-even: 1.9 days

Slippage unknown: Bybit: live order book, 2 min ago; 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 Bybit live order book, 2 min ago	2.17 bp	9.7 bp −$10	17.8 bp −$178	114.7 bp −$11.5K	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
RISEx KORU/USDC	−0.0951%	1h	23.110	−0.127%	$40K	$301K	5x	as long as short
edgeX KORUUSDC	−0.0947%	4h	23.043	−0.420%	$462K	$311K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0535%	8h	23.130	−0.043%	$6.3M	$28.5M	10x	as long as short
Bybit KORUUSDTlong	−0.0450%	8h	23.140	long leg	$6.7M	$21.8M	50x
GRVT KORU_USDT_Perp	−0.0419%	8h	23.050	−0.389%	$1K	$97K	10x	as long as short
tradeXYZ xyz:KORU	−0.0364%	1h	23.135	−0.022%	$3.3M	$8.5M	10x	as long as short
Extended KORU-USD	−0.0280%	1h	23.142	+0.010%	$6K	$208K	5x	as long as short
Binance KORUUSDT	−0.0280%	8h	23.143	+0.013%	$56.5M	$329.1M	25x	as long as short
MEXC KORU_USD1	−0.0279%	8h	23.140	0.000%	$12.2M	$83K	20x	as long as short
KuCoin KORUUSDTM	−0.0236%	8h	23.130	−0.043%	$445K	$976K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KORUUSDT	−0.0105%	8h	23.139	−0.005%	$91K	$289K	50x	as long as short
Gate KORU_USDT	0.0000%	8h	23.123	−0.073%	$2.7M	$3.6M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	23.140	0.000%	—	$3.8M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	23.140	0.000%	$8K	$18K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	23.130	−0.043%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	23.160	+0.086%	—	—	10x	as long as short
Ondo Perps KORU-USD.Pshort	+0.0050%	1h	23.110	−0.130%	$13K	$51K	5x
Bitget KORUUSDT	+0.0271%	8h	23.121	−0.082%	$53.9M	$57.6M	20x	as long as short