Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.052%

Price spread now: Phemex against Bitget+0.079%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1221.216% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 3 days (all we have)−0.171%−$17 · spread now +0.079%, 7d avg +0.010%

Together, before fees−0.449%−$45 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: Phemex is 0.069% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KORUUSDT	22.702	0	get 0.0000% / 8h	6h 18m	$52.9M	$60.2M	20x
Short	Phemex KORUUSDT	22.720	0	get 0.0000% / 8h	6h 18m	$1.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.079%Rate

Funding earned: $0
Price spread: +0.079% → +0.010%: $6.92
Slippage, 4 orders: −$97.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$114.73
Costs to cover: 1.216%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Phemex: live order book, 5 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 Bitget live order book, 1 min ago	1.32 bp	11.1 bp −$11	23.8 bp −$238	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.20 bp	41.8 bp −$42	doesn't fit	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
edgeX KORUUSDC	−0.0966%	4h	22.717	+0.064%	$455K	$309K	10x	as long as short
tradeXYZ xyz:KORU	−0.0931%	1h	22.720	+0.079%	$3.2M	$7.9M	10x	as long as short
Bybit KORUUSDT	−0.0738%	8h	22.740	+0.167%	$6.5M	$21.9M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0588%	8h	22.750	+0.211%	$2K	$96K	10x	as long as short
Gate KORU_USDT	−0.0180%	8h	22.745	+0.189%	$2.6M	$3.6M	25x	as long as short
OKX KORU-USDT-SWAP	−0.0033%	8h	22.710	+0.035%	$6.1M	$28.6M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.753	+0.224%	$92K	$288K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.734	+0.141%	$6K	$211K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.742	+0.175%	$55.5M	$328.0M	25x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.694	−0.035%	$35K	$302K	5x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KORU_USDT	0.0000%	8h	22.730	+0.123%	$14.7M	$19.9M	50x	as long as short
Bitget KORUUSDTlong	0.0000%	8h	22.702	long leg	$52.9M	$60.2M	20x
SunX KORU-USDT	0.0000%	8h	22.750	+0.211%	—	$4.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.730	+0.123%	$8K	$17K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	22.720	+0.079%	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.769	+0.295%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.710	+0.035%	$16K	$42K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.720	+0.079%	$431K	$1.0M	20x	as long as short