Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.039%

Price spread now: Phemex against Extended−0.113%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$157as in the Price arb table

costs, in and out, $10k−$1421.416% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.220%−$22 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.113%, 7d avg +0.040%

Together, before fees−0.183%+ Points / potential airdropExtended: Active · farm board−$18 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 0.153% cheaper against Extended than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KORU-USD	22.996	0	get 0.0000% / 1h	58m 12s	$6K	$205K	5x
Short	Phemex KORUUSDT	22.970	0	get 0.0000% / 8h	6h 58m	$1.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now −0.113%Rate

Funding earned: $0
Price spread: −0.113% → +0.040%: −$15.3
Slippage, 4 orders: −$124.55
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$156.85
Costs to cover: 1.416%
Break-even: never at this rate

Slippage from Extended: live order book, 8 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 Extended live order book, 8 min ago	3.04 bp	5.8 bp −$6	9.8 bp −$98	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	4.34 bp	69.6 bp −$70	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	−0.0695%	4h	23.026	+0.132%	$461K	$309K	10x	as long as short
tradeXYZ xyz:KORU	−0.0582%	1h	22.996	0.000%	$3.0M	$7.2M	10x	as long as short
Bybit KORUUSDT	−0.0036%	8h	22.970	−0.113%	$6.5M	$21.9M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	23.035	+0.170%	$95K	$277K	50x	as long as short
Extended KORU-USDlong	0.0000%	1h	22.996	long leg	$6K	$205K	5x
Binance KORUUSDT	0.0000%	8h	22.979	−0.072%	$57.7M	$326.2M	25x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.970	−0.113%	$6.2M	$29.1M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	23.016	+0.087%	$34K	$304K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	23.009	+0.056%	$2.6M	$3.4M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.970	−0.113%	$14.9M	$19.6M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KORU-USDT	0.0000%	8h	22.990	−0.026%	—	$4.3M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	23.020	+0.104%	$8K	$17K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	22.970	−0.113%	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.991	−0.022%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	23.010	+0.061%	$19K	$24K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	23.020	+0.104%	$461K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	23.030	+0.148%	$2K	$95K	10x	as long as short
Bitget KORUUSDT	+0.0380%	8h	22.971	−0.109%	$53.9M	$64.4M	20x	as long as short