Funding arb · Price arb /

KORU

RWAall KORU markets

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 Bybit+0.044%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$157as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1341.341% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.044%, 7d avg +0.006%

Together, before fees−0.363%−$36 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 0.038% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KORUUSDT	22.860	0	get 0.0000% / 8h	7h 35m	$6.5M	$21.9M	50x
Short	Phemex KORUUSDT	22.870	0	get 0.0000% / 8h	7h 35m	$1.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → +0.006%: $3.78
Slippage, 4 orders: −$111.11
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$130.32
Costs to cover: 1.341%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Phemex: live order book, 3 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 Bybit live order book, 3 min ago	2.18 bp	9.6 bp −$10	15.9 bp −$159	95.2 bp −$9,517	doesn't fit
Sell Phemex live order book, 3 min ago	2.18 bp	53.2 bp −$53	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	−0.0671%	1h	22.873	+0.057%	$3.3M	$6.6M	10x	as long as short
edgeX KORUUSDC	−0.0085%	4h	22.892	+0.141%	$458K	$307K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.888	+0.125%	$82K	$259K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.875	+0.066%	$13K	$203K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.871	+0.050%	$57.9M	$323.2M	25x	as long as short
Bybit KORUUSDTlong	0.0000%	8h	22.860	long leg	$6.5M	$21.9M	50x
OKX KORU-USDT-SWAP	0.0000%	8h	22.860	0.000%	$6.2M	$29.3M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.891	+0.137%	$33K	$306K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.870	+0.044%	$2.6M	$3.4M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.870	+0.044%	$13.7M	$20.9M	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	22.854	−0.026%	$53.4M	$64.5M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.880	+0.087%	—	$4.5M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.910	+0.219%	$8K	$17K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	22.870	+0.044%	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.890	+0.131%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.870	+0.044%	$20K	$14K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.890	+0.131%	$486K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.895	+0.152%	$1K	$97K	10x	as long as short