Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.2862%/8h= −313.4% APRpaid last 24h −0.240%

Price spread now: Bitget against RISEx+0.010%7-day average −0.008% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.155%−$15 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.010%, 7d avg −0.008%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$86 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.155% in total (about -15.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx KORU/USDC	21.365	0	get 0.0000% / 1h	45m 03s	$27K	$291K	5x
Short	Bitget KORUUSDT	21.367	−0.2862	pay 0.2862% / 8h	7h 45m	$53.7M	$62.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$601.02
Price spread: +0.010% → −0.008%: $1.82
Slippage, 4 orders: −$9.61
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$626.81
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from RISEx: live order book, 53 min ago; Bitget: live order book, 4 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, 53 min ago	0.23 bp	4.6 bp −$5	9.7 bp −$97	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.93 bp	10.1 bp −$10	22.8 bp −$228	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 KORUUSDTshort	−0.2862%	8h	21.367	+0.010%	$53.7M	$62.2M	20x
Aster KORUUSDT	0.0000%	8h	21.370	+0.022%	$64K	$323K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.359	−0.027%	$5K	$182K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.372	+0.035%	$49.7M	$381.9M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.360	−0.023%	$6.4M	$23.8M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.360	−0.023%	$6.0M	$29.2M	10x	as long as short
RISEx KORU/USDClong	0.0000%	1h	21.365	long leg	$27K	$291K	5x
Gate KORU_USDT	0.0000%	8h	21.366	+0.005%	$2.7M	$3.7M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	21.360	−0.023%	$15.2M	$23.2M	50x	as long as short
SunX KORU-USDT	0.0000%	8h	21.340	−0.117%	—	$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	21.360	−0.023%	$8K	$21K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.360	−0.023%	$1.5M	$2.1M	10x	as long as short
Lighter KORU	+0.0032%	1h	21.335	−0.140%	—	—	10x	as long as short
tradeXYZ xyz:KORU	+0.0050%	1h	21.341	−0.112%	$3.1M	$10.3M	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.390	+0.117%	$11K	$68K	5x	as long as short
KuCoin KORUUSDTM	+0.0055%	8h	21.340	−0.117%	$414K	$888K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.407	+0.199%	$1K	$103K	10x	as long as short
edgeX KORUUSDC	+0.0841%	4h	21.411	+0.215%	$429K	$316K	10x	as long as short