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 0.000%

Price spread now: Gate against Phemex−0.063%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1791.786% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.063%, 7d avg −0.031%

Together, before fees+0.182%+$18 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: Gate is 0.032% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.140	0	get 0.0000% / 8h	2h 36m	$1.6M	$2.3M	10x
Short	Gate KORU_USDT	22.126	0	get 0.0000% / 8h	2h 36m	$2.6M	$3.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.063%Rate

Funding earned: $0
Price spread: −0.063% → −0.031%: −$3.24
Slippage, 4 orders: −$151.6
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$181.83
Costs to cover: 1.786%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: 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	11.28 bp	84.2 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	4.96 bp	18.1 bp −$18	41.9 bp −$419	67.3 bp −$6,728	90.8 bp −$45.4K

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	−0.0913%	8h	22.128	−0.054%	$52.3M	$59.8M	20x	as long as short
edgeX KORUUSDC	−0.0660%	4h	22.117	−0.106%	$443K	$313K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0506%	8h	22.120	−0.090%	$6.0M	$28.6M	10x	as long as short
RISEx KORU/USDC	−0.0493%	1h	22.099	−0.185%	$29K	$307K	5x	as long as short
KuCoin KORUUSDTM	−0.0286%	8h	22.120	−0.090%	$412K	$924K	20x	as long as short
Extended KORU-USD	−0.0280%	1h	22.109	−0.141%	$6K	$184K	5x	as long as short
MEXC KORU_USDT	−0.0280%	8h	22.120	−0.090%	$16.6M	$21.5M	50x	as long as short
Binance KORUUSDT	−0.0279%	8h	22.117	−0.103%	$50.8M	$355.1M	25x	as long as short
Bybit KORUUSDT	−0.0166%	8h	22.120	−0.090%	$6.4M	$23.5M	50x	as long as short
tradeXYZ xyz:KORU	−0.0155%	1h	22.110	−0.136%	$3.2M	$9.3M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KORUUSDT	−0.0097%	8h	22.123	−0.077%	$82K	$300K	50x	as long as short
GRVT KORU_USDT_Perp	−0.0093%	8h	22.130	−0.045%	$1K	$102K	10x	as long as short
Gate KORU_USDTshort	0.0000%	8h	22.126	−0.063%	$2.6M	$3.8M	25x
SunX KORU-USDT	0.0000%	8h	22.150	+0.045%	—	$3.6M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.130	−0.045%	$8K	$19K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.140	long leg	$1.6M	$2.3M	10x
Lighter KORU	+0.0032%	1h	22.109	−0.140%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.160	+0.090%	$11K	$61K	5x	as long as short