Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.048%

Price spread now: RISEx against Gate−0.057%7-day average +0.024% · 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−$55as in the Price arb table

costs, in and out, $10k−$470.471% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.030%+$3 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.057%, 7d avg +0.024%

Together, before fees+0.164%+$16 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: RISEx is 0.081% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KORU_USDT	21.833	0	get 0.0000% / 8h	1h 03m	$2.2M	$4.1M	25x
Short	RISEx KORU/USDC	21.820	0	get 0.0000% / 1h	3m 24s	$28K	$306K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.024%: −$8.08
Slippage, 4 orders: −$26.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$55.2
Costs to cover: 0.471%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; RISEx: live order book, 40 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, 5 min ago	2.28 bp	19.9 bp −$20	36.4 bp −$364	38.7 bp −$3,874	55.7 bp −$27.8K
Sell RISEx live order book, 40 min ago	1.81 bp	4.8 bp −$5	12.1 bp −$121	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	−0.1980%	8h	21.836	+0.014%	$54.0M	$61.6M	20x	as long as short
OKX KORU-USDT-SWAP	−0.0237%	8h	21.820	−0.060%	$6.0M	$29.5M	10x	as long as short
tradeXYZ xyz:KORU	−0.0183%	1h	21.812	−0.096%	$3.2M	$10.2M	10x	as long as short
KuCoin KORUUSDTM	−0.0116%	8h	21.820	−0.060%	$402K	$902K	20x	as long as short
Extended KORU-USD	−0.0024%	1h	21.823	−0.045%	$5K	$176K	5x	as long as short
MEXC KORU_USD1	−0.0021%	8h	21.840	+0.032%	$11.5M	$84K	20x	as long as short
Binance KORUUSDT	−0.0020%	8h	21.820	−0.060%	$48.9M	$376.7M	25x	as long as short
Aster KORUUSDT	0.0000%	8h	21.824	−0.043%	$64K	$320K	50x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.820	−0.060%	$6.3M	$24.5M	50x	as long as short
RISEx KORU/USDCshort	0.0000%	1h	21.820	−0.057%	$28K	$306K	5x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KORU_USDTlong	0.0000%	8h	21.833	long leg	$2.2M	$4.1M	25x
SunX KORU-USDT	0.0000%	8h	21.890	+0.261%	—	$3.4M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.900	+0.307%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.890	+0.261%	$1.6M	$2.3M	10x	as long as short
Lighter KORU	+0.0032%	1h	21.820	−0.060%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.870	+0.169%	$11K	$69K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.904	+0.325%	$2K	$102K	10x	as long as short
edgeX KORUUSDC	+0.0748%	4h	21.906	+0.334%	$439K	$315K	10x	as long as short