Funding arb · Price arb /

KORU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.089%

Price spread now: Aster against Phemex+0.021%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1341.343% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 3 days (all we have)+0.110%+$11 · spread now +0.021%, 7d avg −0.005%

Together, before fees+0.227%+ Points / potential airdropAster: Stage 5 · farm board+$23 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: Aster is 0.026% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.440	0	get 0.0000% / 8h	2h 22m	$1.6M	$2.5M	10x
Short	Aster KORUUSDT	22.445	0	get 0.0000% / 8h	2h 22m	$81K	$263K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.005%: $2.6
Slippage, 4 orders: −$114.28
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$131.68
Costs to cover: 1.343%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Aster: live order book, 64 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 Phemex live order book, 6 min ago	20.03 bp	43.1 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 64 min ago	6.68 bp	10.7 bp −$11	64.5 bp −$645	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
edgeX KORUUSDC	−0.0462%	4h	22.448	+0.036%	$449K	$302K	10x	as long as short
tradeXYZ xyz:KORU	−0.0182%	1h	22.425	−0.067%	$3.2M	$8.2M	10x	as long as short
Aster KORUUSDTshort	0.0000%	8h	22.445	+0.021%	$81K	$263K	50x
Extended KORU-USD	0.0000%	1h	22.437	−0.013%	$7K	$166K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.440	0.000%	$56.1M	$339.3M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.450	+0.045%	$6.0M	$23.3M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.440	0.000%	$6.0M	$31.2M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.444	+0.017%	$27K	$309K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.440	0.000%	$2.5M	$3.3M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.440	0.000%	$13.9M	$20.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDT	0.0000%	8h	22.431	−0.040%	$52.4M	$78.9M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.420	−0.089%	—	$5.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.460	+0.089%	$8K	$19K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.440	long leg	$1.6M	$2.5M	10x
Lighter KORU	+0.0032%	1h	22.460	+0.089%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.420	−0.089%	$19K	$9K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.440	0.000%	$485K	$1.2M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.448	+0.037%	$1K	$116K	10x	as long as short