Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0289%/8h= +31.6% APRpaid last 24h +0.061%

Price spread now: edgeX against Phemex+0.571%78s7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as 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−$1191.188% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.218%+$22 on $10k

Price spread, last 3 days (all we have)−0.471%−$47 · spread now +0.571%, 7d avg −0.026%

Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and edgeX is 0.597% dearer against Phemex than usual: you sell high and buy low: +$60 more if the spread goes back to its 7-day average of −0.026%. The two prices were read 78 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	22.690	0	get 0.0000% / 8h	14m 03s	$1.6M	$2.4M	10x
Short	edgeX KORUUSDC	22.820	0.0289	get 0.0144% / 4h	14m 03s	$457K	$307K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.571%Rate

Funding earned: $60.61
Price spread: +0.571% → −0.026%: $59.66
Slippage, 4 orders: −$97.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $1.51
Costs to cover: 1.188%
Break-even: 6.8 days

Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 65 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, 4 min ago	26.30 bp	56.0 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 65 min ago	8.86 bp	15.1 bp −$15	52.1 bp −$521	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	−0.0168%	1h	22.648	−0.185%	$3.2M	$7.4M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.715	+0.110%	$83K	$260K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.685	−0.022%	$19K	$179K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.692	+0.010%	$56.7M	$337.7M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.680	−0.044%	$6.1M	$22.3M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.690	0.000%	$6.0M	$30.7M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.763	+0.321%	$29K	$312K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.701	+0.048%	$2.6M	$3.2M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.700	+0.044%	$14.2M	$20.3M	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.681	−0.040%	$52.5M	$72.1M	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	22.710	+0.088%	—	$4.9M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.800	+0.485%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.690	long leg	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.709	+0.084%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.770	+0.353%	$19K	$12K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.730	+0.176%	$482K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.801	+0.490%	$2K	$101K	10x	as long as short
edgeX KORUUSDCshort	+0.0289%	4h	22.820	+0.571%	$457K	$307K	10x