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: Binance against Phemex+0.043%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1161.155% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 2 days (all we have)−0.085%−$8 · spread now +0.043%, 7d avg −0.037%

Together, before fees+0.179%+$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: Binance is 0.080% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	23.010	0	get 0.0000% / 8h	7h 24m	$1.6M	$2.4M	10x
Short	Binance KORUUSDT	23.020	0	get 0.0000% / 8h	7h 24m	$58.3M	$323.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.037%: $8.03
Slippage, 4 orders: −$93.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$107.51
Costs to cover: 1.155%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Binance: 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 Phemex live order book, 5 min ago	2.18 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.18 bp	7.2 bp −$7	10.4 bp −$104	23.7 bp −$2,368	89.7 bp −$44.8K

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	−0.0745%	1h	22.992	−0.078%	$3.2M	$6.4M	10x	as long as short
Bybit KORUUSDT	−0.0018%	8h	23.020	+0.043%	$6.5M	$21.8M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	23.012	+0.010%	$82K	$261K	50x	as long as short
Extended KORU-USD	0.0000%	1h	23.018	+0.034%	$6K	$234K	5x	as long as short
Binance KORUUSDTshort	0.0000%	8h	23.020	+0.043%	$58.3M	$323.3M	25x
OKX KORU-USDT-SWAP	0.0000%	8h	23.010	0.000%	$6.2M	$29.4M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	23.040	+0.130%	$35K	$306K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	23.002	−0.035%	$2.7M	$3.4M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	23.010	0.000%	$15.2M	$21.5M	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	23.003	−0.030%	$54.0M	$64.2M	20x	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	23.030	+0.087%	—	$4.4M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	23.090	+0.348%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	23.010	long leg	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	23.030	+0.087%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	23.120	+0.478%	$20K	$17K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	23.020	+0.043%	$479K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	23.101	+0.397%	$2K	$94K	10x	as long as short
edgeX KORUUSDC	+0.0602%	4h	23.073	+0.274%	$462K	$306K	10x	as long as short