Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1666%/8h= −182.4% APRpaid last 24h −0.029%

Price spread now: RISEx against KuCoin+0.131%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.078%−$8 on $10k

Price spread, last 7 days−0.119%−$12 · spread now +0.131%, 7d avg +0.024%

Together, before fees−0.197%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. RISEx is 0.107% dearer against KuCoin than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.024%): +$11 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 4 days (−0.078% in total) that is about 4.8 days.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.078% in total (about -8.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin KORUUSDTM	22.900	−0.0181	get 0.0181% / 8h	5h 21m	$435K	$1.0M	20x
Short	RISEx KORU/USDC	22.930	−0.1847	pay 0.0231% / 1h	21m 35s	$38K	$300K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.131%Rate

Funding earned: −$349.78
Price spread: +0.131% → +0.024%: $10.66
Slippage, 4 orders: −$73.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$430.25
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; RISEx: live order book, 42 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 KuCoin live order book, 3 min ago	4.37 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 42 min ago	1.97 bp	5.0 bp −$5	12.3 bp −$123	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
RISEx KORU/USDCshort	−0.1847%	1h	22.930	+0.131%	$38K	$300K	5x
Bybit KORUUSDT	−0.0814%	8h	22.940	+0.175%	$6.5M	$21.8M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0806%	8h	22.880	−0.087%	$1K	$96K	10x	as long as short
tradeXYZ xyz:KORU	−0.0725%	1h	22.927	+0.118%	$3.2M	$8.3M	10x	as long as short
OKX KORU-USDT-SWAP	−0.0410%	8h	22.930	+0.131%	$6.2M	$28.5M	10x	as long as short
KuCoin KORUUSDTMlong	−0.0181%	8h	22.900	long leg	$435K	$1.0M	20x
Extended KORU-USD	−0.0168%	1h	22.924	+0.104%	$6K	$213K	5x	as long as short
Binance KORUUSDT	−0.0166%	8h	22.950	+0.218%	$55.8M	$326.9M	25x	as long as short
MEXC KORU_USDT	−0.0164%	8h	22.920	+0.087%	$16.1M	$19.9M	50x	as long as short
Aster KORUUSDT	−0.0060%	8h	22.911	+0.047%	$90K	$289K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps KORU-USD.P	−0.0036%	1h	22.870	−0.131%	$13K	$50K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.919	+0.083%	$2.6M	$3.6M	25x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.914	+0.061%	$53.3M	$58.5M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.950	+0.218%	—	$3.9M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.920	+0.087%	$8K	$18K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.910	+0.044%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.934	+0.148%	—	—	10x	as long as short
edgeX KORUUSDC	+0.0624%	4h	22.823	−0.335%	$457K	$310K	10x	as long as short