Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Phemex+0.006%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1541.535% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.006%, 7d avg −0.028%

Together, before fees+0.229%+$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: Binance is 0.034% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	21.970	0	get 0.0000% / 8h	6h 19m	$1.6M	$2.1M	10x
Short	Binance KORUUSDT	21.971	0	get 0.0000% / 8h	6h 19m	$47.7M	$396.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.028%: $3.4
Slippage, 4 orders: −$131.55
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$150.14
Costs to cover: 1.535%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago	9.11 bp	74.5 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	2.27 bp	7.3 bp −$7	9.2 bp −$92	29.0 bp −$2,901	94.6 bp −$47.3K

KORU on 18 exchanges

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	−0.1988%	8h	21.975	+0.023%	$52.3M	$71.2M	20x	as long as short
tradeXYZ xyz:KORU	−0.0072%	1h	21.961	−0.041%	$3.4M	$10.4M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.002	+0.144%	$61K	$321K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.963	−0.031%	$6K	$172K	5x	as long as short
Binance KORUUSDTshort	0.0000%	8h	21.971	+0.006%	$47.7M	$396.5M	25x
Bybit KORUUSDT	0.0000%	8h	21.960	−0.046%	$6.2M	$25.5M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.960	−0.046%	$5.9M	$33.2M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.971	+0.002%	$28K	$302K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.971	+0.005%	$2.7M	$4.1M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	21.970	0.000%	$11.9M	$24.2M	50x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KORU-USDT	0.0000%	8h	21.970	0.000%	—	$2.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.990	+0.091%	$8K	$21K	20x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	21.970	long leg	$1.6M	$2.1M	10x
Lighter KORU	+0.0032%	1h	21.957	−0.059%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.000	+0.137%	$13K	$71K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	21.980	+0.046%	$400K	$848K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.998	+0.128%	$2K	$96K	10x	as long as short
edgeX KORUUSDC	+0.0665%	4h	22.041	+0.325%	$441K	$316K	10x	as long as short