Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: OKX against Ondo Perps−0.479%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.479% cheaper against Ondo Perps than usual: you would sell low and buy high (−$48 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps KORU-USD.P	22.950	0.0050	pay 0.0006% / 1h	45m 07s	$19K	$14K	5x
Short	OKX KORU-USDT-SWAP	22.840	0	get 0.0000% / 8h	7h 45m	$6.1M	$29.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Ondo Perps. 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 Ondo PerpsbpFee OKXbpOrdersPrice spread, now −0.479%Rate

Funding earned: −$10.58
Price spread: −0.479% → 0.000%: −$47.93
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$73.51
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	2.18 bp	10.3 bp −$10	15.2 bp −$152	80.7 bp −$8,068	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
tradeXYZ xyz:KORU	−0.0690%	1h	22.815	−0.588%	$3.3M	$6.6M	10x	as long as short
edgeX KORUUSDC	−0.0658%	4h	22.894	−0.243%	$458K	$308K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.847	−0.451%	$82K	$259K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.845	−0.459%	$21K	$181K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.857	−0.407%	$57.5M	$326.7M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.850	−0.436%	$6.5M	$22.1M	50x	as long as short
OKX KORU-USDT-SWAPshort	0.0000%	8h	22.840	−0.479%	$6.1M	$29.6M	10x
RISEx KORU/USDC	0.0000%	1h	22.833	−0.508%	$33K	$307K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.841	−0.475%	$2.6M	$3.3M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.840	−0.479%	$13.7M	$20.9M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDT	0.0000%	8h	22.825	−0.545%	$53.2M	$65.1M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.810	−0.610%	—	$4.6M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.870	−0.349%	$8K	$17K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.860	−0.392%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.829	−0.527%	—	—	10x	as long as short
Ondo Perps KORU-USD.Plong	+0.0050%	1h	22.950	long leg	$19K	$14K	5x
KuCoin KORUUSDTM	+0.0100%	8h	22.860	−0.392%	$484K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.914	−0.157%	$2K	$98K	10x	as long as short