Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.116%

Price spread now: tradeXYZ against GRVT−0.145%7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.293%−$29 on $10k

Price spread, last 4 days (all we have)−0.334%−$33 · spread now −0.145%, 7d avg −0.124%

Together, before fees−0.627%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.021% cheaper against GRVT than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.124%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT KORU_USDT_Perp	21.551	0.0100	pay 0.0100% / 8h	2m 57s	$2K	$104K	10x
Short	tradeXYZ xyz:KORU	21.520	0.0050	get 0.0006% / 1h	2m 57s	$3.1M	$10.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against GRVT. 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 GRVTbpFee tradeXYZbpOrdersPrice spread, now −0.145%Rate

Funding earned: −$10.5
Price spread: −0.145% → −0.124%: −$2.09
Slippage, 4 orders: −$36.33
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$75.92
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from GRVT: live order book, 60 min ago; tradeXYZ: live order book, 6 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 GRVT live order book, 60 min ago	6.86 bp	25.9 bp −$26	43.9 bp −$439	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 6 min ago	0.93 bp	13.6 bp −$14	20.0 bp −$200	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	−0.2837%	8h	21.558	+0.032%	$54.2M	$62.7M	20x	as long as short
edgeX KORUUSDC	−0.0996%	4h	21.551	−0.003%	$432K	$316K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.547	−0.020%	$64K	$323K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.540	−0.053%	$5K	$182K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.549	−0.010%	$49.8M	$383.1M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.540	−0.052%	$6.5M	$24.6M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.550	−0.006%	$6.2M	$29.3M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.536	−0.071%	$28K	$297K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.543	−0.038%	$2.7M	$4.2M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	21.560	+0.041%	$11.7M	$23.0M	50x	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	21.510	−0.191%	—	$3.3M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.550	−0.006%	$8K	$20K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.550	−0.006%	$1.5M	$2.2M	10x	as long as short
Lighter KORU	+0.0032%	1h	21.519	−0.149%	—	—	10x	as long as short
tradeXYZ xyz:KORUshort	+0.0050%	1h	21.520	−0.145%	$3.1M	$10.3M	10x
Ondo Perps KORU-USD.P	+0.0050%	1h	21.570	+0.087%	$11K	$70K	5x	as long as short
KuCoin KORUUSDTM	+0.0070%	8h	21.550	−0.006%	$421K	$893K	20x	as long as short
GRVT KORU_USDT_Perplong	+0.0100%	8h	21.551	long leg	$2K	$104K	10x