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 Gate+0.081%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1791.786% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)−0.155%−$16 · spread now +0.081%, 7d avg +0.031%

Together, before fees−0.200%−$20 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 0.051% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KORU_USDT	22.122	0	get 0.0000% / 8h	2h 36m	$2.6M	$3.8M	25x
Short	Phemex KORUUSDT	22.140	0	get 0.0000% / 8h	2h 36m	$1.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.031%: $5.05
Slippage, 4 orders: −$151.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$173.54
Costs to cover: 1.786%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Phemex: live order book, 2 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 Gate live order book, 2 min ago	4.96 bp	12.5 bp −$12	33.0 bp −$330	43.6 bp −$4,365	60.9 bp −$30.5K
Sell Phemex live order book, 2 min ago	11.28 bp	63.8 bp −$64	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
Bitget KORUUSDT	−0.0913%	8h	22.124	+0.009%	$52.3M	$59.9M	20x	as long as short
edgeX KORUUSDC	−0.0660%	4h	22.117	−0.024%	$443K	$313K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0506%	8h	22.150	+0.127%	$6.0M	$28.7M	10x	as long as short
RISEx KORU/USDC	−0.0493%	1h	22.099	−0.104%	$29K	$307K	5x	as long as short
KuCoin KORUUSDTM	−0.0286%	8h	22.120	−0.009%	$412K	$924K	20x	as long as short
Extended KORU-USD	−0.0280%	1h	22.109	−0.060%	$6K	$184K	5x	as long as short
MEXC KORU_USDT	−0.0280%	8h	22.140	+0.081%	$16.6M	$21.5M	50x	as long as short
Binance KORUUSDT	−0.0279%	8h	22.120	−0.008%	$50.8M	$355.3M	25x	as long as short
Bybit KORUUSDT	−0.0166%	8h	22.130	+0.036%	$6.4M	$23.5M	50x	as long as short
tradeXYZ xyz:KORU	−0.0150%	1h	22.120	−0.009%	$3.2M	$9.3M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KORUUSDT	−0.0097%	8h	22.125	+0.014%	$82K	$300K	50x	as long as short
GRVT KORU_USDT_Perp	−0.0093%	8h	22.130	+0.036%	$1K	$102K	10x	as long as short
Gate KORU_USDTlong	0.0000%	8h	22.122	long leg	$2.6M	$3.8M	25x
SunX KORU-USDT	0.0000%	8h	22.150	+0.127%	—	$3.6M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.130	+0.036%	$8K	$19K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	22.140	+0.081%	$1.6M	$2.3M	10x
Lighter KORU	+0.0032%	1h	22.109	−0.059%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.160	+0.172%	$11K	$61K	5x	as long as short