Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Phemex+0.131%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.131% dearer against Phemex than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.970	0	get 0.0000% / 8h	6h 57m	$1.6M	$2.4M	10x
Short	Ondo Perps KORU-USD.P	23.000	0.0050	get 0.0006% / 1h	57m 26s	$19K	$25K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now +0.131%Rate

Funding earned: $10.58
Price spread: +0.131% → 0.000%: $13.06
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $6.64
Costs to cover: 0.170%
Break-even: 2.6 days

Slippage unknown: Phemex: live order book, 1 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 1 min ago	4.35 bp	50.5 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
edgeX KORUUSDC	−0.0589%	4h	23.029	+0.258%	$461K	$306K	10x	as long as short
tradeXYZ xyz:KORU	−0.0501%	1h	22.939	−0.135%	$3.0M	$7.3M	10x	as long as short
Bybit KORUUSDT	−0.0055%	8h	22.960	−0.044%	$6.5M	$21.9M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	22.995	+0.110%	$95K	$277K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.954	−0.068%	$6K	$205K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.970	0.000%	$57.7M	$326.1M	25x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.960	−0.044%	$6.1M	$29.1M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.960	−0.044%	$34K	$303K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.971	+0.004%	$2.6M	$3.4M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.970	0.000%	$14.9M	$19.6M	50x	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	22.990	+0.087%	—	$4.3M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	23.020	+0.218%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.970	long leg	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.989	+0.083%	—	—	10x	as long as short
Ondo Perps KORU-USD.Pshort	+0.0050%	1h	23.000	+0.131%	$19K	$25K	5x
KuCoin KORUUSDTM	+0.0100%	8h	22.990	+0.087%	$461K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	23.040	+0.305%	$2K	$95K	10x	as long as short
Bitget KORUUSDT	+0.0378%	8h	22.946	−0.104%	$53.9M	$64.4M	20x	as long as short