Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: Binance against RISEx−0.056%7-day average +0.007% · 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−$32as in the Price arb table

costs, in and out, $10k−$260.257% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 2 days (all we have)+0.030%+$3 · spread now −0.056%, 7d avg +0.007%

Together, before fees+0.053%+$5 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: Binance is 0.063% cheaper against RISEx than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx KORU/USDC	22.799	0	get 0.0000% / 1h	44m 10s	$35K	$303K	5x
Short	Binance KORUUSDT	22.787	0	get 0.0000% / 8h	6h 44m	$56.7M	$326.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → +0.007%: −$6.28
Slippage, 4 orders: −$9.68
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.96
Costs to cover: 0.257%
Break-even: never at this rate

Slippage from RISEx: live order book, 24 min ago; Binance: live order book, 14 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 RISEx live order book, 24 min ago	1.95 bp	5.0 bp −$5	13.3 bp −$133	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.17 bp	7.2 bp −$7	10.2 bp −$102	27.9 bp −$2,788	84.2 bp −$42.1K

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	−0.0389%	1h	22.781	−0.081%	$3.3M	$7.8M	10x	as long as short
Bybit KORUUSDT	−0.0071%	8h	22.790	−0.042%	$6.5M	$21.8M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	22.842	+0.185%	$93K	$283K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.804	+0.021%	$7K	$210K	5x	as long as short
Binance KORUUSDTshort	0.0000%	8h	22.787	−0.056%	$56.7M	$326.8M	25x
OKX KORU-USDT-SWAP	0.0000%	8h	22.770	−0.129%	$6.1M	$28.5M	10x	as long as short
RISEx KORU/USDClong	0.0000%	1h	22.799	long leg	$35K	$303K	5x
Gate KORU_USDT	0.0000%	8h	22.815	+0.068%	$2.6M	$3.5M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.820	+0.090%	$14.6M	$19.6M	50x	as long as short
SunX KORU-USDT	0.0000%	8h	22.800	+0.002%	—	$4.2M	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	22.790	−0.042%	$8K	$17K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.780	−0.086%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.815	+0.068%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.830	+0.134%	$19K	$29K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.840	+0.178%	$438K	$1.0M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.979	+0.786%	$1K	$94K	10x	as long as short
Bitget KORUUSDT	+0.0273%	8h	22.793	−0.029%	$53.3M	$62.2M	20x	as long as short
edgeX KORUUSDC	+0.0715%	4h	22.900	+0.441%	$459K	$309K	10x	as long as short