Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.046%

Price spread now: Gate against tradeXYZ+0.040%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.040%, 7d avg +0.115%

Together, before fees−0.030%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.075% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.040% now, against its 7-day average of +0.115%). If the spread goes back, that is −$7 on $10k: about 33 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.011% in total) that is about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:KORU	22.480	−0.0179	get 0.0022% / 1h	45m 11s	$3.2M	$8.2M	10x
Short	Gate KORU_USDT	22.489	0	get 0.0000% / 8h	1h 45m	$2.5M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: $37.67
Price spread: +0.040% → +0.115%: −$7.47
Slippage, 4 orders: −$22.24
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$25.05
Costs to cover: 0.552%
Break-even: 11.7 days

Slippage from tradeXYZ: live order book, 3 min ago; Gate: live order book, 3 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 tradeXYZ live order book, 3 min ago	1.11 bp	13.4 bp −$13	18.6 bp −$186	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.55 bp	15.4 bp −$15	36.5 bp −$365	70.0 bp −$7,005	95.4 bp −$47.7K

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
edgeX KORUUSDC	−0.0294%	4h	22.491	+0.051%	$450K	$305K	10x	as long as short
tradeXYZ xyz:KORUlong	−0.0179%	1h	22.480	long leg	$3.2M	$8.2M	10x
Aster KORUUSDT	0.0000%	8h	22.485	+0.024%	$82K	$263K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.503	+0.102%	$19K	$179K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.500	+0.089%	$56.4M	$338.3M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.510	+0.133%	$6.0M	$23.0M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.500	+0.089%	$6.0M	$30.9M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.500	+0.091%	$28K	$310K	5x	as long as short
Gate KORU_USDTshort	0.0000%	8h	22.489	+0.040%	$2.5M	$3.3M	25x
MEXC KORU_USDT	0.0000%	8h	22.500	+0.089%	$13.9M	$20.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDT	0.0000%	8h	22.494	+0.062%	$52.5M	$78.6M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.500	+0.089%	—	$5.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.510	+0.133%	$8K	$17K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.500	+0.089%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.489	+0.040%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.430	−0.222%	$19K	$11K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.490	+0.044%	$487K	$1.2M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.487	+0.033%	$1K	$107K	10x	as long as short