Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin−0.175%50s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$222as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1901.896% of the position
Funding, last 7 days−0.325%−$32 on $10k
+Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.175%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.211% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.036%). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KORUUSDTM | 22.810 | 0.0100 | pay 0.0100% / 8h | 7h 51m | $484K | $1.1M | 20x |
| Short | Phemex KORUUSDT | 22.770 | 0 | get 0.0000% / 8h | 7h 51m | $1.6M | $2.4M | 10x |
KuCoin KORUUSDTM
Phemex KORUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.175% → +0.036%
- −$21.14
- Slippage, 4 orders
- −$165.64
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$231.78
- Costs to cover
- 1.896%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago | 2.19 bp | 39.9 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 6.58 bp | 55.3 bp −$55 | 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 | −0.0987% | 1h | 22.801 | −0.039% | $3.3M | $6.5M | 10x | as long as short |
| Aster KORUUSDT | 0.0000% | 8h | 22.811 | +0.003% | $84K | $261K | 50x | as long as short |
| Extended KORU-USD | 0.0000% | 1h | 22.832 | +0.098% | $21K | $181K | 5x | as long as short |
| Binance KORUUSDT | 0.0000% | 8h | 22.816 | +0.028% | $57.8M | $329.5M | 25x | as long as short |
| Bybit KORUUSDT | 0.0000% | 8h | 22.820 | +0.044% | $6.5M | $22.2M | 50x | as long as short |
| OKX KORU-USDT-SWAP | 0.0000% | 8h | 22.800 | −0.044% | $6.0M | $29.8M | 10x | as long as short |
| RISEx KORU/USDC | 0.0000% | 1h | 22.833 | +0.100% | $32K | $306K | 5x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 22.788 | −0.096% | $2.7M | $3.3M | 25x | as long as short |
| MEXC KORU_USDT | 0.0000% | 8h | 22.810 | 0.000% | $13.8M | $20.9M | 50x | as long as short |
| Bitget KORUUSDT | 0.0000% | 8h | 22.780 | −0.132% | $53.1M | $67.5M | 20x | as long as short |
tradeXYZ xyz:KORU
Aster KORUUSDT
Extended KORU-USD
Binance KORUUSDT
Bybit KORUUSDT
OKX KORU-USDT-SWAP
RISEx KORU/USDC
Gate KORU_USDT
MEXC KORU_USDT
Bitget KORUUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX KORU-USDT | 0.0000% | 8h | 22.760 | −0.219% | — | $4.7M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 22.820 | +0.044% | $8K | $17K | 10x | as long as short |
| Phemex KORUUSDTshort | 0.0000% | 8h | 22.770 | −0.175% | $1.6M | $2.4M | 10x | |
| Lighter KORU | +0.0032% | 1h | 22.839 | +0.127% | — | — | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 22.770 | −0.175% | $19K | $13K | 5x | as long as short |
| KuCoin KORUUSDTMlong | +0.0100% | 8h | 22.810 | long leg | $484K | $1.1M | 20x | |
| GRVT KORU_USDT_Perp | +0.0100% | 8h | 22.800 | −0.045% | $1K | $97K | 10x | as long as short |
| edgeX KORUUSDC | +0.0895% | 4h | 22.803 | −0.029% | $456K | $307K | 10x | as long as short |
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
Ondo Perps KORU-USD.P
GRVT KORU_USDT_Perp
edgeX KORUUSDC