Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against OKX+0.095%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1231.227% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.430%−$43 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.095%, 7d avg +0.045%

Together, before fees−0.624%−$62 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 0.050% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KORU-USDT-SWAP	21.120	0	get 0.0000% / 8h	7h 32m	$6.1M	$29.3M	10x
Short	Phemex KORUUSDT	21.140	0	get 0.0000% / 8h	7h 32m	$1.5M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.095%Rate

Funding earned: $0
Price spread: +0.095% → +0.045%: $4.98
Slippage, 4 orders: −$100.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$117.68
Costs to cover: 1.227%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Phemex: live order book, 1 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 OKX live order book, 2 min ago	2.36 bp	7.4 bp −$7	13.3 bp −$133	63.4 bp −$6,342	doesn't fit
Sell Phemex live order book, 1 min ago	4.72 bp	46.3 bp −$46	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	−0.2742%	8h	21.132	+0.057%	$53.1M	$63.4M	20x	as long as short
edgeX KORUUSDC	−0.0921%	4h	21.248	+0.605%	$426K	$316K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.157	+0.175%	$64K	$321K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.142	+0.104%	$6K	$179K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.140	+0.095%	$49.2M	$384.1M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.120	0.000%	$6.4M	$24.0M	50x	as long as short
OKX KORU-USDT-SWAPlong	0.0000%	8h	21.120	long leg	$6.1M	$29.3M	10x
RISEx KORU/USDC	0.0000%	1h	21.156	+0.172%	$27K	$292K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.139	+0.090%	$2.7M	$3.8M	25x	as long as short
MEXC KORU_USD1	0.0000%	8h	21.140	+0.095%	$11.1M	$80K	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	21.120	0.000%	—	$3.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.210	+0.426%	$8K	$21K	20x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	21.140	+0.095%	$1.5M	$2.1M	10x
Lighter KORU	+0.0032%	1h	21.104	−0.076%	—	—	10x	as long as short
tradeXYZ xyz:KORU	+0.0050%	1h	21.105	−0.071%	$3.1M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.200	+0.379%	$11K	$67K	5x	as long as short
KuCoin KORUUSDTM	+0.0092%	8h	21.120	0.000%	$409K	$884K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.260	+0.661%	$1K	$102K	10x	as long as short