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: OKX against Phemex+0.088%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1361.356% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.443%+$44 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.088%, 7d avg −0.044%

Together, before fees+0.380%+$38 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: OKX is 0.132% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.700	0	get 0.0000% / 8h	6h 41m	$1.6M	$2.4M	10x
Short	OKX KORU-USDT-SWAP	22.720	0	get 0.0000% / 8h	6h 41m	$6.1M	$28.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.044%: $13.2
Slippage, 4 orders: −$113.59
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$122.39
Costs to cover: 1.356%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; OKX: 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	8.79 bp	52.4 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.20 bp	10.6 bp −$11	16.5 bp −$165	80.6 bp −$8,056	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	−0.0842%	4h	22.767	+0.293%	$456K	$307K	10x	as long as short
tradeXYZ xyz:KORU	−0.0489%	1h	22.729	+0.128%	$3.3M	$7.8M	10x	as long as short
Bybit KORUUSDT	−0.0165%	8h	22.740	+0.176%	$6.5M	$21.9M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	22.785	+0.373%	$92K	$288K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.714	+0.064%	$7K	$210K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.720	+0.088%	$56.5M	$328.6M	25x	as long as short
OKX KORU-USDT-SWAPshort	0.0000%	8h	22.720	+0.088%	$6.1M	$28.6M	10x
RISEx KORU/USDC	0.0000%	1h	22.730	+0.132%	$35K	$303K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.732	+0.141%	$2.6M	$3.5M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.710	+0.044%	$14.8M	$19.7M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KORU-USDT	0.0000%	8h	22.730	+0.132%	—	$4.2M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.750	+0.220%	$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	22.780	+0.352%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.750	+0.220%	$17K	$32K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.780	+0.352%	$433K	$1.0M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.810	+0.485%	$2K	$94K	10x	as long as short
Bitget KORUUSDT	+0.0168%	8h	22.701	+0.004%	$53.1M	$62.3M	20x	as long as short