Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0287%/8h= −31.5% APRpaid last 24h −0.035%

Price spread now: RISEx against Bybit−0.011%7-day average +0.010% · 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−$29as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.116%−$12 on $10k

Price spread, last 7 days+0.041%+$4 · spread now −0.011%, 7d avg +0.010%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and RISEx is 0.021% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KORUUSDT	22.450	−0.0226	get 0.0226% / 8h	3h 04m	$6.3M	$22.9M	50x
Short	RISEx KORU/USDC	22.448	−0.0513	pay 0.0064% / 1h	4m 00s	$30K	$305K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bybit. 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 BybitbpFee RISExbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$60.37
Price spread: −0.011% → +0.010%: −$2.1
Slippage, 4 orders: −$10.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$89.67
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; RISEx: live order book, 49 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 Bybit live order book, 5 min ago	2.24 bp	7.7 bp −$8	16.6 bp −$166	126.5 bp −$12.6K	doesn't fit
Sell RISEx live order book, 49 min ago	1.75 bp	4.8 bp −$5	9.3 bp −$93	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	−0.0640%	4h	22.306	−0.641%	$447K	$313K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0557%	8h	22.440	−0.045%	$6.2M	$28.4M	10x	as long as short
RISEx KORU/USDCshort	−0.0513%	1h	22.448	−0.011%	$30K	$305K	5x
Bitget KORUUSDT	−0.0408%	8h	22.449	−0.004%	$52.7M	$58.8M	20x	as long as short
tradeXYZ xyz:KORU	−0.0329%	1h	22.472	+0.098%	$3.2M	$9.3M	10x	as long as short
Binance KORUUSDT	−0.0321%	8h	22.467	+0.076%	$52.9M	$350.8M	25x	as long as short
Extended KORU-USD	−0.0320%	1h	22.482	+0.141%	$8K	$170K	5x	as long as short
MEXC KORU_USDT	−0.0319%	8h	22.490	+0.178%	$15.7M	$21.5M	50x	as long as short
KuCoin KORUUSDTM	−0.0300%	8h	22.470	+0.089%	$419K	$939K	20x	as long as short
Bybit KORUUSDTlong	−0.0226%	8h	22.450	long leg	$6.3M	$22.9M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT KORU_USDT_Perp	−0.0178%	8h	22.363	−0.386%	$2K	$100K	10x	as long as short
Aster KORUUSDT	−0.0134%	8h	22.491	+0.184%	$85K	$295K	50x	as long as short
Gate KORU_USDT	0.0000%	8h	22.478	+0.125%	$2.7M	$3.8M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	22.480	+0.134%	—	$3.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.480	+0.134%	$8K	$19K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.440	−0.045%	$1.6M	$2.3M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.510	+0.267%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.390	−0.267%	$11K	$54K	5x	as long as short