Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.054%

Price spread now: Ondo Perps against Binance−0.088%7-day average — · you buy dearer than you sell

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

Long on Binance 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

Funding pays, the price is against you. Ondo Perps is 0.088% cheaper against Binance than usual: you would sell low and buy high (spread −0.088% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 5.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance KORUUSDT	22.710	0	get 0.0000% / 8h	38m 28s	$56.9M	$340.2M	25x
Short	Ondo Perps KORU-USD.P	22.690	0.0050	get 0.0006% / 1h	38m 28s	$19K	$12K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.088%Rate

Funding earned: $10.58
Price spread: −0.088% → 0.000%: −$8.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.22
Costs to cover: 0.150%
Break-even: 15.7 days

Slippage unknown: Binance: live order book, 5 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 Binance live order book, 5 min ago	2.20 bp	7.2 bp −$7	10.2 bp −$102	24.5 bp −$2,448	78.8 bp −$39.4K
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	−0.0903%	4h	22.701	−0.041%	$455K	$305K	10x	as long as short
tradeXYZ xyz:KORU	−0.0104%	1h	22.688	−0.097%	$3.2M	$7.5M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.715	+0.020%	$83K	$264K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.706	−0.017%	$19K	$179K	5x	as long as short
Binance KORUUSDTlong	0.0000%	8h	22.710	long leg	$56.9M	$340.2M	25x
Bybit KORUUSDT	0.0000%	8h	22.720	+0.044%	$6.1M	$22.7M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.700	−0.044%	$6.0M	$30.9M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.711	+0.005%	$29K	$313K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.708	−0.009%	$2.5M	$3.2M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.700	−0.044%	$14.1M	$20.3M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget KORUUSDT	0.0000%	8h	22.696	−0.062%	$52.5M	$74.0M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.690	−0.088%	—	$5.0M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.720	+0.044%	$8K	$17K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.720	+0.044%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.699	−0.048%	—	—	10x	as long as short
Ondo Perps KORU-USD.Pshort	+0.0050%	1h	22.690	−0.088%	$19K	$12K	5x
KuCoin KORUUSDTM	+0.0100%	8h	22.700	−0.044%	$482K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.720	+0.044%	$2K	$101K	10x	as long as short