Funding you earn now, next payment 08:00 UTC+0.0325%/8h= +35.6% APRnext payment +$3.25 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against OKX+0.176%53s7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1141.139% of the position
Funding, last 7 days−0.443%−$44 on $10k
+Price spread, last 4 days (all we have)−0.276%−$28 · spread now +0.176%, 7d avg +0.047%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phemex is 0.128% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.047%. Mind the row above: over the last 7 days funding on this pair cost −0.443%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX KORU-USDT-SWAP | 22.790 | −0.0325 | get 0.0325% / 8h | 5h 46m | $6.1M | $28.5M | 10x |
| Short | Phemex KORUUSDT | 22.830 | 0 | get 0.0000% / 8h | 5h 46m | $1.6M | $2.4M | 10x |
OKX KORU-USDT-SWAP
Phemex KORUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against OKX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $68.28
- Price spread: +0.176% → +0.047%
- $12.83
- Slippage, 4 orders
- −$91.88
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$32.77
- Costs to cover
- 1.139%
- Break-even
- 10.4 days
Slippage from OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.19 bp | 7.6 bp −$8 | 13.8 bp −$138 | 81.9 bp −$8,190 | doesn't fit |
| Sell Phemex live order book, 2 min ago | 4.37 bp | 40.9 bp −$41 | 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 | |
|---|---|---|---|---|---|---|---|---|
| RISEx KORU/USDC | −0.1847% | 1h | 22.811 | +0.094% | $36K | $303K | 5x | as long as short |
| tradeXYZ xyz:KORU | −0.1119% | 1h | 22.801 | +0.048% | $3.1M | $8.2M | 10x | as long as short |
| Bybit KORUUSDT | −0.1000% | 8h | 22.820 | +0.132% | $6.5M | $21.7M | 50x | as long as short |
| GRVT KORU_USDT_Perp | −0.0982% | 8h | 22.930 | +0.612% | $2K | $96K | 10x | as long as short |
| OKX KORU-USDT-SWAPlong | −0.0325% | 8h | 22.790 | long leg | $6.1M | $28.5M | 10x | |
| Ondo Perps KORU-USD.P | −0.0239% | 1h | 22.880 | +0.395% | $13K | $50K | 5x | as long as short |
| HTX KORU-USDT | −0.0165% | 8h | 22.860 | +0.307% | $8K | $17K | 10x | as long as short |
| Gate KORU_USDT | −0.0132% | 8h | 22.819 | +0.127% | $2.6M | $3.6M | 25x | as long as short |
| KuCoin KORUUSDTM | −0.0108% | 8h | 22.840 | +0.219% | $434K | $1.0M | 20x | as long as short |
| Binance KORUUSDT | −0.0068% | 8h | 22.810 | +0.088% | $55.6M | $325.8M | 25x | as long as short |
RISEx KORU/USDC
tradeXYZ xyz:KORU
Bybit KORUUSDT
GRVT KORU_USDT_Perp
Ondo Perps KORU-USD.P
HTX KORU-USDT
Gate KORU_USDT
KuCoin KORUUSDTM
Binance KORUUSDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended KORU-USD | −0.0064% | 1h | 22.811 | +0.091% | $7K | $211K | 5x | as long as short |
| MEXC KORU_USDT | −0.0063% | 8h | 22.810 | +0.088% | $16.6M | $19.6M | 50x | as long as short |
| Aster KORUUSDT | 0.0000% | 8h | 22.845 | +0.240% | $90K | $288K | 50x | as long as short |
| Bitget KORUUSDT | 0.0000% | 8h | 22.799 | +0.039% | $53.0M | $58.7M | 20x | as long as short |
| SunX KORU-USDT | 0.0000% | 8h | 22.900 | +0.483% | — | $4.0M | 10x | as long as short |
| Phemex KORUUSDTshort | 0.0000% | 8h | 22.830 | +0.176% | $1.6M | $2.4M | 10x | |
| Lighter KORU | +0.0032% | 1h | 22.850 | +0.263% | — | — | 10x | as long as short |
| edgeX KORUUSDC | +0.0189% | 4h | 22.904 | +0.499% | $459K | $310K | 10x | as long as short |
Extended KORU-USD
MEXC KORU_USDT
Aster KORUUSDT
Bitget KORUUSDT
SunX KORU-USDT
Lighter KORU
edgeX KORUUSDC