Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Phemex+0.140%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.140% dearer against Phemex than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	21.360	0	get 0.0000% / 8h	7h 43m	$1.5M	$2.1M	10x
Short	Ondo Perps KORU-USD.P	21.390	0.0050	get 0.0006% / 1h	43m 47s	$11K	$67K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.140%Rate

Funding earned: $10.58
Price spread: +0.140% → 0.000%: $14.04
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $7.63
Costs to cover: 0.170%
Break-even: 2.0 days

Slippage unknown: Phemex: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 5 min ago	7.00 bp	48.0 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2851%	8h	21.350	−0.047%	$53.6M	$62.2M	20x	as long as short
Aster KORUUSDT	0.0000%	8h	21.370	+0.047%	$64K	$323K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.354	−0.026%	$5K	$182K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.360	0.000%	$49.5M	$381.5M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.360	0.000%	$6.4M	$23.8M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.360	0.000%	$6.0M	$29.3M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	21.354	−0.028%	$27K	$291K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.362	+0.009%	$2.7M	$3.7M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	21.360	0.000%	$15.2M	$23.2M	50x	as long as short
SunX KORU-USDT	0.0000%	8h	21.340	−0.094%	—	$3.2M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX KORU-USDT	0.0000%	8h	21.370	+0.047%	$8K	$21K	20x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	21.360	long leg	$1.5M	$2.1M	10x
Lighter KORU	+0.0032%	1h	21.334	−0.122%	—	—	10x	as long as short
tradeXYZ xyz:KORU	+0.0050%	1h	21.354	−0.028%	$3.1M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.Pshort	+0.0050%	1h	21.390	+0.140%	$11K	$67K	5x
KuCoin KORUUSDTM	+0.0058%	8h	21.370	+0.047%	$415K	$889K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.407	+0.222%	$1K	$103K	10x	as long as short
edgeX KORUUSDC	+0.0841%	4h	21.411	+0.238%	$429K	$316K	10x	as long as short