Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0749%/8h= −82.0% APRpaid last 24h −0.075%

Price spread now: tradeXYZ against SunX−0.127%7-day average −0.081% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.421%+$42 · spread now −0.127%, 7d avg −0.081%

Together, before fees+0.424%+ Points / potential airdroptradeXYZ: Active · farm board+$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and tradeXYZ is 0.046% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.081%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.1% 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	SunX KORU-USDT	22.890	0	get 0.0000% / 8h	5h 26m	—	$3.9M	10x
Short	tradeXYZ xyz:KORU	22.861	−0.0749	pay 0.0094% / 1h	26m 12s	$3.2M	$8.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against SunX. 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 SunXbpFee tradeXYZbpOrdersPrice spread, now −0.127%Rate

Funding earned: −$157.26
Price spread: −0.127% → −0.081%: −$4.57
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$187.83
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 22 min ago; tradeXYZ: live order book, 12 min ago. Net counts fees only.

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 SunX live order book, 22 min ago	901.94 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.87 bp	12.0 bp −$12	18.4 bp −$184	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
RISEx KORU/USDC	−0.1847%	1h	22.840	−0.216%	$38K	$302K	5x	as long as short
Bybit KORUUSDT	−0.0840%	8h	22.860	−0.131%	$6.5M	$21.7M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0779%	8h	22.884	−0.025%	$1K	$96K	10x	as long as short
tradeXYZ xyz:KORUshort	−0.0749%	1h	22.861	−0.127%	$3.2M	$8.3M	10x
OKX KORU-USDT-SWAP	−0.0395%	8h	22.840	−0.218%	$6.2M	$28.4M	10x	as long as short
KuCoin KORUUSDTM	−0.0162%	8h	22.860	−0.131%	$434K	$1.0M	20x	as long as short
Extended KORU-USD	−0.0136%	1h	22.834	−0.245%	$6K	$213K	5x	as long as short
Binance KORUUSDT	−0.0136%	8h	22.850	−0.175%	$55.6M	$327.1M	25x	as long as short
MEXC KORU_USDT	−0.0126%	8h	22.850	−0.175%	$16.0M	$19.7M	50x	as long as short
Ondo Perps KORU-USD.P	−0.0059%	1h	22.890	0.000%	$13K	$50K	5x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KORUUSDT	−0.0036%	8h	22.865	−0.111%	$90K	$289K	50x	as long as short
HTX KORU-USDT	−0.0002%	8h	22.850	−0.175%	$8K	$18K	10x	as long as short
Gate KORU_USDT	−0.0002%	8h	22.844	−0.201%	$2.6M	$3.6M	25x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.830	−0.262%	$53.1M	$58.5M	20x	as long as short
SunX KORU-USDTlong	0.0000%	8h	22.890	long leg	—	$3.9M	10x
Phemex KORUUSDT	0.0000%	8h	22.850	−0.175%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.909	+0.083%	—	—	10x	as long as short
edgeX KORUUSDC	+0.0176%	4h	22.880	−0.043%	$458K	$309K	10x	as long as short