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: Bybit against Phemex−0.320%53s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as 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−$1191.193% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 4 days (all we have)+0.410%+$41 · spread now −0.320%, 7d avg −0.007%

Together, before fees+0.640%+$64 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: Bybit is 0.313% cheaper against Phemex than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of −0.007%. 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	Phemex KORUUSDT	21.880	0	get 0.0000% / 8h	58m 15s	$1.6M	$2.3M	10x
Short	Bybit KORUUSDT	21.810	0	get 0.0000% / 8h	58m 15s	$6.3M	$24.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.320%Rate

Funding earned: $0
Price spread: −0.320% → −0.007%: −$31.28
Slippage, 4 orders: −$96.29
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$150.57
Costs to cover: 1.193%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Bybit: 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	4.58 bp	56.7 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.29 bp	10.6 bp −$11	16.1 bp −$161	112.4 bp −$11.2K	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
Bitget KORUUSDT	−0.2061%	8h	21.820	−0.274%	$54.0M	$61.6M	20x	as long as short
tradeXYZ xyz:KORU	−0.0375%	1h	21.803	−0.352%	$3.2M	$10.2M	10x	as long as short
OKX KORU-USDT-SWAP	−0.0228%	8h	21.800	−0.366%	$6.0M	$29.4M	10x	as long as short
KuCoin KORUUSDTM	−0.0105%	8h	21.830	−0.229%	$402K	$902K	20x	as long as short
Extended KORU-USD	−0.0016%	1h	21.814	−0.302%	$5K	$178K	5x	as long as short
MEXC KORU_USD1	−0.0013%	8h	21.820	−0.274%	$11.5M	$80K	20x	as long as short
Binance KORUUSDT	−0.0013%	8h	21.820	−0.274%	$49.0M	$376.6M	25x	as long as short
Aster KORUUSDT	0.0000%	8h	21.825	−0.250%	$64K	$319K	50x	as long as short
Bybit KORUUSDTshort	0.0000%	8h	21.810	−0.320%	$6.3M	$24.4M	50x
RISEx KORU/USDC	0.0000%	1h	21.822	−0.266%	$28K	$305K	5x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate KORU_USDT	0.0000%	8h	21.813	−0.306%	$2.4M	$4.1M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	21.810	−0.320%	—	$3.4M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.860	−0.091%	$8K	$20K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	21.880	long leg	$1.6M	$2.3M	10x
Lighter KORU	+0.0032%	1h	21.829	−0.233%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.830	−0.229%	$11K	$69K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.845	−0.160%	$2K	$102K	10x	as long as short
edgeX KORUUSDC	+0.0222%	4h	21.841	−0.179%	$438K	$316K	10x	as long as short