Funding you earn now, next payment 10:00 UTC−0.0059%/8h= −6.5% APRpaid last 24h −0.084%
Price spread now: tradeXYZ against Phemex−0.082%48s7-day average −0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1541.539% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.377%+$38 · spread now −0.082%, 7d avg −0.130%
=Together, before fees+0.356%+ Points / potential airdroptradeXYZ: Active · farm board+$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.048% dearer against Phemex than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.130%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.020% in total) that is about 17 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex KORUUSDT | 21.990 | 0 | get 0.0000% / 8h | 6h 57m | $1.6M | $2.1M | 10x |
| Short | tradeXYZ xyz:KORU | 21.972 | −0.0059 | pay 0.0007% / 1h | 57m 24s | $3.5M | $10.3M | 10x |
Phemex KORUUSDT
tradeXYZ xyz:KORUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.4
- Price spread: −0.082% → −0.130%
- $4.83
- Slippage, 4 orders
- −$123.89
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$161.46
- Costs to cover
- 1.539%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; tradeXYZ: live order book, 11 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, 1 min ago | 6.83 bp | 58.2 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 11 min ago | 1.15 bp | 10.8 bp −$11 | 19.2 bp −$192 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget KORUUSDT | −0.2349% | 8h | 21.989 | −0.005% | $53.6M | $68.5M | 20x | as long as short |
| tradeXYZ xyz:KORUshort | −0.0059% | 1h | 21.972 | −0.082% | $3.5M | $10.3M | 10x | |
| Aster KORUUSDT | 0.0000% | 8h | 22.007 | +0.079% | $62K | $322K | 50x | as long as short |
| Extended KORU-USD | 0.0000% | 1h | 21.994 | +0.018% | $7K | $174K | 5x | as long as short |
| Binance KORUUSDT | 0.0000% | 8h | 21.992 | +0.008% | $48.2M | $386.5M | 25x | as long as short |
| Bybit KORUUSDT | 0.0000% | 8h | 22.000 | +0.045% | $6.6M | $24.5M | 50x | as long as short |
| OKX KORU-USDT-SWAP | 0.0000% | 8h | 22.000 | +0.045% | $6.0M | $31.8M | 10x | as long as short |
| RISEx KORU/USDC | 0.0000% | 1h | 21.976 | −0.065% | $28K | $298K | 5x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 21.981 | −0.041% | $2.9M | $3.8M | 25x | as long as short |
| MEXC KORU_USD1 | 0.0000% | 8h | 21.980 | −0.045% | $10.5M | $261K | 20x | as long as short |
Bitget KORUUSDT
Aster KORUUSDT
Extended KORU-USD
Binance KORUUSDT
Bybit KORUUSDT
OKX KORU-USDT-SWAP
RISEx KORU/USDC
Gate KORU_USDT
MEXC KORU_USD1Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX KORU-USDT | 0.0000% | 8h | 21.970 | −0.091% | — | $2.9M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 21.960 | −0.136% | $8K | $21K | 20x | as long as short |
| Phemex KORUUSDTlong | 0.0000% | 8h | 21.990 | long leg | $1.6M | $2.1M | 10x | |
| Lighter KORU | +0.0032% | 1h | 21.955 | −0.159% | — | — | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 21.990 | 0.000% | $13K | $71K | 5x | as long as short |
| KuCoin KORUUSDTM | +0.0100% | 8h | 21.970 | −0.091% | $405K | $864K | 20x | as long as short |
| GRVT KORU_USDT_Perp | +0.0100% | 8h | 21.750 | −1.091% | $2K | $98K | 10x | as long as short |
| edgeX KORUUSDC | +0.0882% | 4h | 21.855 | −0.613% | $438K | $315K | 10x | as long as short |
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
Ondo Perps KORU-USD.P
KuCoin KORUUSDTM
GRVT KORU_USDT_Perp
edgeX KORUUSDC