Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps−0.906%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 SunX

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 −$2 a day on $10k at the current rate, and SunX is 0.906% cheaper against Ondo Perps than usual: you would sell low and buy high (−$91 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	22.080	0.0050	pay 0.0006% / 1h	28m 00s	$11K	$61K	5x
Short	SunX KORU-USDT	21.880	0	get 0.0000% / 8h	2h 28m	—	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.906%Rate

Funding earned: −$10.58
Price spread: −0.906% → 0.000%: −$90.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$114.16
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 10 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 SunX live order book, 10 min ago	906.22 bp	doesn't fit	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	−0.1304%	8h	21.880	−0.906%	$52.6M	$61.0M	20x	as long as short
RISEx KORU/USDC	−0.0493%	1h	21.911	−0.767%	$28K	$308K	5x	as long as short
OKX KORU-USDT-SWAP	−0.0486%	8h	21.880	−0.906%	$5.9M	$28.8M	10x	as long as short
KuCoin KORUUSDTM	−0.0274%	8h	21.890	−0.861%	$404K	$922K	20x	as long as short
MEXC KORU_USD1	−0.0249%	8h	21.910	−0.770%	$11.5M	$83K	20x	as long as short
Extended KORU-USD	−0.0248%	1h	21.874	−0.934%	$5K	$179K	5x	as long as short
Binance KORUUSDT	−0.0245%	8h	21.889	−0.867%	$50.5M	$361.2M	25x	as long as short
Bybit KORUUSDT	−0.0137%	8h	21.880	−0.906%	$6.3M	$23.8M	50x	as long as short
Aster KORUUSDT	−0.0079%	8h	21.884	−0.890%	$82K	$324K	50x	as long as short
tradeXYZ xyz:KORU	−0.0068%	1h	21.890	−0.861%	$3.2M	$9.4M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT KORU_USDT_Perp	−0.0053%	8h	22.038	−0.188%	$2K	$103K	10x	as long as short
Gate KORU_USDT	−0.0027%	8h	21.920	−0.725%	$2.4M	$3.9M	25x	as long as short
SunX KORU-USDTshort	0.0000%	8h	21.880	−0.906%	—	$3.6M	10x
HTX KORU-USDT	0.0000%	8h	21.910	−0.770%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.900	−0.815%	$1.5M	$2.3M	10x	as long as short
Lighter KORU	+0.0032%	1h	21.885	−0.883%	—	—	10x	as long as short
Ondo Perps KORU-USD.Plong	+0.0050%	1h	22.080	long leg	$11K	$61K	5x
edgeX KORUUSDC	+0.0670%	4h	21.959	−0.547%	$440K	$314K	10x	as long as short