Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.053%

Price spread now: RISEx against Phemex−0.258%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$1171.167% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.122%+$12 on $10k

Price spread, last 3 days (all we have)+0.366%+$37 · spread now −0.258%, 7d avg −0.010%

Together, before fees+0.488%+$49 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: RISEx is 0.248% cheaper against Phemex than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.850	0	get 0.0000% / 8h	7h 50m	$1.6M	$2.4M	10x
Short	RISEx KORU/USDC	22.791	0	get 0.0000% / 1h	50m 12s	$32K	$306K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.258%Rate

Funding earned: $0
Price spread: −0.258% → −0.010%: −$24.82
Slippage, 4 orders: −$98.72
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$141.54
Costs to cover: 1.167%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; RISEx: live order book, 23 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, 3 min ago	6.58 bp	50.6 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 23 min ago	2.42 bp	5.4 bp −$5	12.8 bp −$128	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	−0.0903%	1h	22.828	−0.096%	$3.2M	$6.6M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.830	−0.086%	$84K	$261K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.836	−0.060%	$21K	$181K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.849	−0.003%	$57.8M	$329.3M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.850	0.000%	$6.5M	$22.2M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.850	0.000%	$6.0M	$29.8M	10x	as long as short
RISEx KORU/USDCshort	0.0000%	1h	22.791	−0.258%	$32K	$306K	5x
Gate KORU_USDT	0.0000%	8h	22.824	−0.114%	$2.7M	$3.3M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.840	−0.044%	$13.8M	$20.9M	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.830	−0.088%	$53.2M	$66.1M	20x	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	22.840	−0.044%	—	$4.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.780	−0.306%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.850	long leg	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.839	−0.048%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.770	−0.350%	$19K	$13K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.840	−0.044%	$484K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.800	−0.220%	$1K	$97K	10x	as long as short
edgeX KORUUSDC	+0.0895%	4h	22.803	−0.204%	$456K	$307K	10x	as long as short