Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.004%

Price spread now: Gate against RISEx−0.040%7-day average −0.023% · 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−$39as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.078%−$8 on $10k

Price spread, last 7 days−0.009%−$1 · spread now −0.040%, 7d avg −0.023%

Together, before fees−0.086%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.078% in total (about -8.1% 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	22.848	0	get 0.0000% / 1h	1m 09s	$35K	$302K	5x
Short	Gate KORU_USDT	22.839	−0.0254	pay 0.0254% / 8h	6h 01m	$2.6M	$3.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.040%Rate

Funding earned: −$53.34
Price spread: −0.040% → −0.023%: −$1.64
Slippage, 4 orders: −$16.73
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.7
Costs to cover: 0.377%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	1.97 bp	5.0 bp −$5	10.7 bp −$107	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.97 bp	9.5 bp −$9	33.5 bp −$335	69.5 bp −$6,954	92.2 bp −$46.1K

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	−0.1096%	1h	22.832	−0.070%	$3.1M	$8.0M	10x	as long as short
Bybit KORUUSDT	−0.0990%	8h	22.850	+0.009%	$6.5M	$21.7M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0817%	8h	22.837	−0.047%	$2K	$95K	10x	as long as short
edgeX KORUUSDC	−0.0684%	4h	22.832	−0.072%	$457K	$310K	10x	as long as short
Gate KORU_USDTshort	−0.0254%	8h	22.839	−0.040%	$2.6M	$3.6M	25x
OKX KORU-USDT-SWAP	−0.0193%	8h	22.810	−0.167%	$6.2M	$28.5M	10x	as long as short
HTX KORU-USDT	−0.0061%	8h	22.850	+0.009%	$8K	$17K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.867	+0.084%	$92K	$288K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.835	−0.059%	$6K	$211K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.830	−0.079%	$55.8M	$326.3M	25x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx KORU/USDClong	0.0000%	1h	22.848	long leg	$35K	$302K	5x
MEXC KORU_USDT	0.0000%	8h	22.840	−0.035%	$16.6M	$20.2M	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.812	−0.158%	$53.1M	$59.3M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.910	+0.271%	—	$4.0M	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.830	−0.079%	$1.6M	$2.4M	10x	as long as short
KuCoin KORUUSDTM	+0.0012%	8h	22.850	+0.009%	$433K	$1.0M	20x	as long as short
Lighter KORU	+0.0032%	1h	22.920	+0.315%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.800	−0.210%	$14K	$46K	5x	as long as short