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 0.000%

Price spread now: Phemex against Gate−0.151%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$146as in the Price arb table

costs, in and out, $10k−$1281.276% of the position

Long on Gate Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.151%, 7d avg +0.031%

Together, before fees+0.033%+$3 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 0.182% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KORU_USDT	22.444	0	get 0.0000% / 8h	2h 46m	$2.7M	$3.8M	25x
Short	Phemex KORUUSDT	22.410	0	get 0.0000% / 8h	2h 46m	$1.6M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Gate. 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 GatebpFee PhemexbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → +0.031%: −$18.23
Slippage, 4 orders: −$100.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$145.86
Costs to cover: 1.276%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Phemex: live order book, 2 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 Gate live order book, 1 min ago	5.57 bp	14.0 bp −$14	32.4 bp −$324	37.1 bp −$3,707	52.4 bp −$26.2K
Sell Phemex live order book, 2 min ago	8.91 bp	48.2 bp −$48	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
Bitget KORUUSDT	−0.0564%	8h	22.436	−0.036%	$52.7M	$59.0M	20x	as long as short
OKX KORU-USDT-SWAP	−0.0537%	8h	22.440	−0.018%	$6.1M	$28.7M	10x	as long as short
RISEx KORU/USDC	−0.0493%	1h	22.436	−0.033%	$31K	$307K	5x	as long as short
tradeXYZ xyz:KORU	−0.0341%	1h	22.410	−0.151%	$3.2M	$9.2M	10x	as long as short
MEXC KORU_USDT	−0.0314%	8h	22.440	−0.018%	$14.1M	$21.0M	50x	as long as short
Binance KORUUSDT	−0.0312%	8h	22.443	−0.006%	$51.6M	$352.1M	25x	as long as short
Extended KORU-USD	−0.0312%	1h	22.437	−0.031%	$9K	$179K	5x	as long as short
KuCoin KORUUSDTM	−0.0298%	8h	22.430	−0.062%	$418K	$931K	20x	as long as short
Bybit KORUUSDT	−0.0206%	8h	22.430	−0.062%	$6.5M	$23.3M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0135%	8h	22.524	+0.357%	$2K	$102K	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KORUUSDT	−0.0118%	8h	22.430	−0.062%	$84K	$296K	50x	as long as short
Gate KORU_USDTlong	0.0000%	8h	22.444	long leg	$2.7M	$3.8M	25x
SunX KORU-USDT	0.0000%	8h	22.440	−0.018%	—	$3.6M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.450	+0.027%	$8K	$19K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	22.410	−0.151%	$1.6M	$2.3M	10x
Lighter KORU	+0.0032%	1h	22.410	−0.151%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.440	−0.018%	$11K	$59K	5x	as long as short
edgeX KORUUSDC	+0.0786%	4h	22.503	+0.262%	$451K	$314K	10x	as long as short