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 +0.052%

Price spread now: Bitget against Phemex−0.079%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1671.667% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.079%, 7d avg −0.010%

Together, before fees+0.449%+$45 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: Bitget is 0.069% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.740	0	get 0.0000% / 8h	6h 16m	$1.6M	$2.4M	10x
Short	Bitget KORUUSDT	22.722	0	get 0.0000% / 8h	6h 16m	$53.0M	$60.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → −0.010%: −$6.9
Slippage, 4 orders: −$142.7
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$173.6
Costs to cover: 1.667%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Bitget: 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 Phemex live order book, 2 min ago	6.60 bp	72.0 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	1.32 bp	11.0 bp −$11	24.0 bp −$240	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
tradeXYZ xyz:KORU	−0.0931%	1h	22.718	−0.097%	$3.2M	$7.9M	10x	as long as short
Bybit KORUUSDT	−0.0735%	8h	22.730	−0.044%	$6.5M	$21.9M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0591%	8h	22.679	−0.267%	$2K	$95K	10x	as long as short
Gate KORU_USDT	−0.0180%	8h	22.733	−0.031%	$2.6M	$3.6M	25x	as long as short
OKX KORU-USDT-SWAP	−0.0039%	8h	22.700	−0.176%	$6.1M	$28.6M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.762	+0.098%	$92K	$288K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.720	−0.088%	$6K	$211K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.727	−0.056%	$55.5M	$328.3M	25x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.726	−0.064%	$36K	$303K	5x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.730	−0.044%	$14.7M	$19.9M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDTshort	0.0000%	8h	22.722	−0.079%	$53.0M	$60.2M	20x
SunX KORU-USDT	0.0000%	8h	22.810	+0.308%	—	$4.1M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.770	+0.132%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.740	long leg	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.769	+0.128%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.710	−0.132%	$16K	$42K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.720	−0.088%	$431K	$1.0M	20x	as long as short
edgeX KORUUSDC	+0.0549%	4h	22.668	−0.318%	$454K	$310K	10x	as long as short