Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0035%/8h= +3.9% APRpaid last 24h +0.053%

Price spread now: RISEx against Bybit−0.087%7-day average +0.009% · 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−$40as in the Price arb table

costs, in and out, $10k−$300.301% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 7 days+0.085%+$8 · spread now −0.087%, 7d avg +0.009%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.096% cheaper against Bybit than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of +0.009%). If the spread goes back, that is −$10 on $10k: about 9.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 3 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KORUUSDT	23.090	−0.0035	get 0.0035% / 8h	7h 25m	$6.5M	$21.8M	50x
Short	RISEx KORU/USDC	23.070	0	get 0.0000% / 1h	25m 33s	$35K	$306K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.087%Rate

Funding earned: $7.4
Price spread: −0.087% → +0.009%: −$9.61
Slippage, 4 orders: −$13.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$32.27
Costs to cover: 0.301%
Break-even: 37.5 days

Slippage from Bybit: live order book, 3 min ago; RISEx: live order book, 48 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	11.5 bp −$12	18.7 bp −$187	94.1 bp −$9,406	doesn't fit
Sell RISEx live order book, 48 min ago	2.42 bp	5.4 bp −$5	12.8 bp −$128	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	−0.0748%	1h	23.086	−0.017%	$3.2M	$7.3M	10x	as long as short
Bybit KORUUSDTlong	−0.0035%	8h	23.090	long leg	$6.5M	$21.8M	50x
Aster KORUUSDT	0.0000%	8h	23.063	−0.115%	$83K	$261K	50x	as long as short
Extended KORU-USD	0.0000%	1h	23.065	−0.109%	$6K	$234K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	23.081	−0.040%	$58.6M	$323.0M	25x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	23.080	−0.043%	$6.2M	$29.5M	10x	as long as short
RISEx KORU/USDCshort	0.0000%	1h	23.070	−0.087%	$35K	$306K	5x
Gate KORU_USDT	0.0000%	8h	23.071	−0.082%	$2.7M	$3.4M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	23.090	0.000%	$15.3M	$21.5M	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	23.074	−0.069%	$54.1M	$64.1M	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	23.120	+0.130%	—	$4.4M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	23.130	+0.173%	$8K	$17K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	23.110	+0.087%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	23.089	−0.004%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	23.120	+0.130%	$20K	$17K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	23.070	−0.087%	$480K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	23.101	+0.049%	$2K	$94K	10x	as long as short
edgeX KORUUSDC	+0.0602%	4h	23.073	−0.073%	$462K	$306K	10x	as long as short