Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.136%

Price spread now: Bitget against Phemex−0.137%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1331.328% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.334%+$33 on $10k

Price spread, last 3 days (all we have)+0.235%+$24 · spread now −0.137%, 7d avg −0.013%

Together, before fees+0.569%+$57 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: Bitget is 0.124% cheaper against Phemex than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.700	0	get 0.0000% / 8h	7h 58m	$1.6M	$2.4M	10x
Short	Bitget KORUUSDT	22.669	0	get 0.0000% / 8h	7h 58m	$52.7M	$71.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.137%Rate

Funding earned: $0
Price spread: −0.137% → −0.013%: −$12.36
Slippage, 4 orders: −$108.81
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$145.16
Costs to cover: 1.328%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Bitget: live order book, 1 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	2.20 bp	60.4 bp −$60	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.88 bp	12.2 bp −$12	24.3 bp −$243	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
tradeXYZ xyz:KORU	−0.2703%	1h	22.713	+0.057%	$3.2M	$7.4M	10x	as long as short
Gate KORU_USDT	−0.0439%	8h	22.682	−0.079%	$2.8M	$3.2M	25x	as long as short
edgeX KORUUSDC	−0.0432%	4h	22.745	+0.199%	$455K	$308K	10x	as long as short
Bybit KORUUSDT	−0.0193%	8h	22.690	−0.044%	$6.5M	$22.2M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	22.706	+0.025%	$82K	$262K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.692	−0.034%	$19K	$176K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.702	+0.010%	$57.9M	$336.7M	25x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.680	−0.088%	$5.8M	$30.7M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.703	+0.015%	$31K	$306K	5x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.690	−0.044%	$14.3M	$20.5M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDTshort	0.0000%	8h	22.669	−0.137%	$52.7M	$71.0M	20x
SunX KORU-USDT	0.0000%	8h	22.660	−0.176%	—	$4.8M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.710	+0.044%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.700	long leg	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.690	−0.044%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.590	−0.485%	$19K	$13K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.710	+0.044%	$482K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.750	+0.220%	$2K	$98K	10x	as long as short