Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2965%/8h= −324.7% APRpaid last 24h +0.037%

Price spread now: Bitget against Ondo Perps−0.256%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$89 a day on $10k at the current rate, and Bitget is 0.256% cheaper against Ondo Perps than usual: you would sell low and buy high (−$26 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps KORU-USD.P	21.510	0.0050	pay 0.0006% / 1h	57m 30s	$11K	$69K	5x
Short	Bitget KORUUSDT	21.455	−0.2915	pay 0.2915% / 8h	7h 57m	$54.1M	$62.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Ondo Perps. 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 Ondo PerpsbpFee BitgetbpOrdersPrice spread, now −0.256%Rate

Funding earned: −$622.73
Price spread: −0.256% → 0.000%: −$25.57
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$665.3
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bitget: live order book, 2 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Bitget live order book, 2 min ago	0.93 bp	9.9 bp −$10	20.6 bp −$206	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 KORUUSDTshort	−0.2915%	8h	21.455	−0.256%	$54.1M	$62.6M	20x
edgeX KORUUSDC	−0.0222%	4h	21.464	−0.214%	$430K	$314K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.420	−0.419%	$64K	$323K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.412	−0.458%	$5K	$182K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.428	−0.382%	$49.8M	$383.4M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.440	−0.325%	$6.5M	$24.0M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.440	−0.325%	$6.1M	$29.3M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.441	−0.320%	$28K	$292K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.429	−0.377%	$2.7M	$3.6M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	21.460	−0.232%	$11.6M	$22.8M	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	21.410	−0.465%	—	$3.3M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.470	−0.186%	$8K	$20K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.400	−0.511%	$1.5M	$2.1M	10x	as long as short
KuCoin KORUUSDTM	+0.0030%	8h	21.420	−0.418%	$428K	$893K	20x	as long as short
Lighter KORU	+0.0032%	1h	21.399	−0.516%	—	—	10x	as long as short
tradeXYZ xyz:KORU	+0.0050%	1h	21.439	−0.330%	$3.1M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.Plong	+0.0050%	1h	21.510	long leg	$11K	$69K	5x
GRVT KORU_USDT_Perp	+0.0100%	8h	21.475	−0.162%	$2K	$103K	10x	as long as short