Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0218%/8h= −23.9% APRpaid last 24h +0.015%

Price spread now: KuCoin against Ondo Perps−0.091%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 KuCoin

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 −$7 a day on $10k at the current rate, and KuCoin is 0.091% cheaper against Ondo Perps than usual: you would sell low and buy high (−$9 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	22.010	0.0050	pay 0.0006% / 1h	25m 01s	$11K	$70K	5x
Short	KuCoin KORUUSDTM	21.990	−0.0168	pay 0.0168% / 8h	1h 25m	$405K	$905K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.091%Rate

Funding earned: −$45.86
Price spread: −0.091% → 0.000%: −$9.09
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.95
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 9 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 KuCoin live order book, 9 min ago	2.28 bp	35.4 bp −$35	doesn't fit	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 KORUUSDT	−0.1740%	8h	22.003	−0.032%	$54.0M	$62.1M	20x	as long as short
OKX KORU-USDT-SWAP	−0.0306%	8h	21.990	−0.091%	$6.0M	$30.1M	10x	as long as short
tradeXYZ xyz:KORU	−0.0192%	1h	21.980	−0.136%	$3.3M	$10.1M	10x	as long as short
KuCoin KORUUSDTMshort	−0.0168%	8h	21.990	−0.091%	$405K	$905K	20x
MEXC KORU_USD1	−0.0079%	8h	22.010	0.000%	$11.6M	$83K	20x	as long as short
Binance KORUUSDT	−0.0076%	8h	21.992	−0.082%	$49.2M	$376.9M	25x	as long as short
Extended KORU-USD	−0.0072%	1h	21.988	−0.100%	$7K	$177K	5x	as long as short
Bybit KORUUSDT	−0.0022%	8h	21.990	−0.091%	$6.3M	$24.6M	50x	as long as short
Aster KORUUSDT	−0.0011%	8h	21.993	−0.078%	$65K	$323K	50x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.029	+0.085%	$30K	$307K	5x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KORU_USDT	0.0000%	8h	21.997	−0.059%	$2.2M	$4.0M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	22.000	−0.045%	—	$3.5M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.020	+0.045%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.990	−0.091%	$1.6M	$2.3M	10x	as long as short
Lighter KORU	+0.0032%	1h	21.980	−0.136%	—	—	10x	as long as short
Ondo Perps KORU-USD.Plong	+0.0050%	1h	22.010	long leg	$11K	$70K	5x
GRVT KORU_USDT_Perp	+0.0100%	8h	21.990	−0.091%	$2K	$103K	10x	as long as short
edgeX KORUUSDC	+0.0645%	4h	21.998	−0.057%	$441K	$313K	10x	as long as short