Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.086%
Price spread now: tradeXYZ against Phemex+0.032%48s7-day average −0.133% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as 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−$1231.228% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.032%, 7d avg −0.133%
=Together, before fees−0.022%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.165% dearer against Phemex than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.133%. The two prices were read 48 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 | 21.700 | 0 | get 0.0000% / 8h | 31m 25s | $1.5M | $2.2M | 10x |
| Short | tradeXYZ xyz:KORU | 21.707 | 0.0050 | get 0.0006% / 1h | 31m 25s | $3.2M | $10.3M | 10x |
Phemex KORUUSDT
tradeXYZ xyz:KORUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.5
- Price spread: +0.032% → −0.133%
- $16.51
- Slippage, 4 orders
- −$92.79
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$95.78
- Costs to cover
- 1.228%
- Break-even
- 70.9 days
Slippage from Phemex: live order book, 2 min ago; tradeXYZ: live order book, 7 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 | 4.60 bp | 51.2 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.69 bp | 10.9 bp −$11 | 15.1 bp −$151 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget KORUUSDT | −0.2342% | 8h | 21.720 | +0.092% | $54.3M | $62.0M | 20x | as long as short |
| edgeX KORUUSDC | −0.0113% | 4h | 21.731 | +0.141% | $435K | $316K | 10x | as long as short |
| OKX KORU-USDT-SWAP | −0.0109% | 8h | 21.710 | +0.046% | $6.0M | $29.3M | 10x | as long as short |
| KuCoin KORUUSDTM | −0.0024% | 8h | 21.720 | +0.092% | $401K | $893K | 20x | as long as short |
| Aster KORUUSDT | 0.0000% | 8h | 21.713 | +0.059% | $64K | $319K | 50x | as long as short |
| Extended KORU-USD | 0.0000% | 1h | 21.714 | +0.066% | $9K | $181K | 5x | as long as short |
| Binance KORUUSDT | 0.0000% | 8h | 21.720 | +0.091% | $49.6M | $380.0M | 25x | as long as short |
| Bybit KORUUSDT | 0.0000% | 8h | 21.700 | 0.000% | $6.4M | $24.3M | 50x | as long as short |
| RISEx KORU/USDC | 0.0000% | 1h | 21.713 | +0.059% | $28K | $300K | 5x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 21.723 | +0.106% | $2.5M | $4.1M | 25x | as long as short |
Bitget KORUUSDT
edgeX KORUUSDC
OKX KORU-USDT-SWAP
KuCoin KORUUSDTM
Aster KORUUSDT
Extended KORU-USD
Binance KORUUSDT
Bybit KORUUSDT
RISEx KORU/USDC
Gate KORU_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC KORU_USD1 | 0.0000% | 8h | 21.740 | +0.184% | $11.5M | $82K | 20x | as long as short |
| SunX KORU-USDT | 0.0000% | 8h | 21.690 | −0.046% | — | $3.4M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 21.690 | −0.046% | $8K | $20K | 10x | as long as short |
| Phemex KORUUSDTlong | 0.0000% | 8h | 21.700 | long leg | $1.5M | $2.2M | 10x | |
| Lighter KORU | +0.0032% | 1h | 21.690 | −0.046% | — | — | 10x | as long as short |
| tradeXYZ xyz:KORUshort | +0.0050% | 1h | 21.707 | +0.032% | $3.2M | $10.3M | 10x | |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 21.720 | +0.092% | $11K | $70K | 5x | as long as short |
| GRVT KORU_USDT_Perp | +0.0100% | 8h | 21.754 | +0.251% | $2K | $103K | 10x | as long as short |
MEXC KORU_USD1
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
Ondo Perps KORU-USD.P
GRVT KORU_USDT_Perp