Funding arb · Price arb /

KORU

RWAall KORU markets

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 +0.148%

Price spread now: Bybit against Phemex+0.089%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1391.392% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.261%+$26 on $10k

Price spread, last 3 days (all we have)+0.028%+$3 · spread now +0.089%, 7d avg −0.003%

Together, before fees+0.289%+$29 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: Bybit is 0.092% dearer against Phemex than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.570	0	get 0.0000% / 8h	1h 27m	$1.6M	$2.5M	10x
Short	Bybit KORUUSDT	22.590	0	get 0.0000% / 8h	1h 27m	$6.1M	$22.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.003%: $9.17
Slippage, 4 orders: −$116.18
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$130.01
Costs to cover: 1.392%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Bybit: 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	6.65 bp	57.8 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.21 bp	11.9 bp −$12	24.4 bp −$244	135.5 bp −$13.6K	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	−0.0301%	4h	22.542	−0.126%	$451K	$305K	10x	as long as short
tradeXYZ xyz:KORU	−0.0222%	1h	22.564	−0.027%	$3.2M	$8.0M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.600	+0.133%	$82K	$264K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.568	−0.008%	$19K	$179K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.571	+0.003%	$56.5M	$338.2M	25x	as long as short
Bybit KORUUSDTshort	0.0000%	8h	22.590	+0.089%	$6.1M	$22.6M	50x
OKX KORU-USDT-SWAP	0.0000%	8h	22.570	0.000%	$6.0M	$30.9M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.580	+0.044%	$29K	$311K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.583	+0.058%	$2.5M	$3.3M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.570	0.000%	$14.0M	$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	22.574	+0.018%	$52.7M	$77.0M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.560	−0.044%	—	$5.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.610	+0.177%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.570	long leg	$1.6M	$2.5M	10x
Lighter KORU	+0.0032%	1h	22.584	+0.062%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.540	−0.133%	$19K	$11K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.580	+0.044%	$479K	$1.2M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.527	−0.190%	$2K	$107K	10x	as long as short