Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0271%/8h= −29.7% APRpaid last 24h −0.015%

Price spread now: Bybit against Ondo Perps−0.045%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 Bybit

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 −$8 a day on $10k at the current rate, and Bybit is 0.045% cheaper against Ondo Perps than usual: you would sell low and buy high (−$4 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	22.380	0.0050	pay 0.0006% / 1h	0m 24s	$11K	$54K	5x
Short	Bybit KORUUSDT	22.370	−0.0221	pay 0.0221% / 8h	3h 00m	$6.4M	$23.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$56.9
Price spread: −0.045% → 0.000%: −$4.47
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$77.37
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	2.23 bp	10.3 bp −$10	17.0 bp −$170	114.8 bp −$11.5K	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
edgeX KORUUSDC	−0.0702%	4h	22.427	+0.211%	$450K	$314K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0558%	8h	22.370	−0.045%	$6.2M	$28.4M	10x	as long as short
RISEx KORU/USDC	−0.0513%	1h	22.388	+0.036%	$28K	$306K	5x	as long as short
Bitget KORUUSDT	−0.0494%	8h	22.366	−0.063%	$52.5M	$58.9M	20x	as long as short
tradeXYZ xyz:KORU	−0.0334%	1h	22.373	−0.031%	$3.2M	$9.3M	10x	as long as short
Binance KORUUSDT	−0.0323%	8h	22.393	+0.059%	$51.7M	$351.5M	25x	as long as short
MEXC KORU_USDT	−0.0323%	8h	22.390	+0.045%	$15.7M	$21.5M	50x	as long as short
Extended KORU-USD	−0.0320%	1h	22.380	0.000%	$6K	$174K	5x	as long as short
KuCoin KORUUSDTM	−0.0298%	8h	22.380	0.000%	$418K	$937K	20x	as long as short
Bybit KORUUSDTshort	−0.0221%	8h	22.370	−0.045%	$6.4M	$23.1M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT KORU_USDT_Perp	−0.0176%	8h	22.385	+0.021%	$2K	$100K	10x	as long as short
Aster KORUUSDT	−0.0134%	8h	22.401	+0.093%	$85K	$295K	50x	as long as short
Gate KORU_USDT	0.0000%	8h	22.406	+0.116%	$2.7M	$3.8M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	22.400	+0.089%	—	$3.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.400	+0.089%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.370	−0.045%	$1.6M	$2.3M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.370	−0.045%	—	—	10x	as long as short
Ondo Perps KORU-USD.Plong	+0.0050%	1h	22.380	long leg	$11K	$54K	5x