Funding arb · Price arb /

KORU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Phemex0.000%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1271.273% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.430%+$43 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now 0.000%, 7d avg −0.046%

Together, before fees+0.455%+$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: OKX is 0.046% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.130	0	get 0.0000% / 8h	6h 08m	$1.6M	$2.1M	10x
Short	OKX KORU-USDT-SWAP	22.130	0	get 0.0000% / 8h	6h 08m	$5.9M	$33.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.046%: $4.65
Slippage, 4 orders: −$105.32
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$122.67
Costs to cover: 1.273%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	4.52 bp	56.9 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	2.26 bp	7.3 bp −$7	12.8 bp −$128	79.4 bp −$7,944	doesn't fit

KORU on 18 exchanges

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	−0.1888%	8h	22.145	+0.068%	$52.4M	$72.1M	20x	as long as short
edgeX KORUUSDC	−0.0193%	4h	22.138	+0.038%	$443K	$316K	10x	as long as short
tradeXYZ xyz:KORU	−0.0066%	1h	22.134	+0.018%	$3.4M	$10.3M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.140	+0.045%	$61K	$321K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.137	+0.031%	$7K	$172K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.141	+0.048%	$47.9M	$397.4M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.140	+0.045%	$6.2M	$25.6M	50x	as long as short
OKX KORU-USDT-SWAPshort	0.0000%	8h	22.130	0.000%	$5.9M	$33.6M	10x
RISEx KORU/USDC	0.0000%	1h	22.137	+0.030%	$28K	$304K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.141	+0.050%	$2.7M	$4.1M	25x	as long as short

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KORU_USDT	0.0000%	8h	22.140	+0.045%	$12.0M	$24.3M	50x	as long as short
SunX KORU-USDT	0.0000%	8h	22.150	+0.090%	—	$2.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.150	+0.090%	$8K	$21K	20x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.130	long leg	$1.6M	$2.1M	10x
Lighter KORU	+0.0032%	1h	22.144	+0.063%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.090	−0.181%	$13K	$72K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.150	+0.090%	$402K	$849K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.135	+0.022%	$2K	$96K	10x	as long as short