Funding you earn now, next payment 08:00 UTC+0.0316%/8h= +34.6% APRnext payment +$3.16 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Binance+0.146%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1181.180% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.146%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phemex is 0.117% dearer against Binance than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.029%. Mind the row above: over the last 7 days funding on this pair cost −0.264%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KORUUSDT | 22.427 | −0.0316 | get 0.0316% / 8h | 2h 47m | $51.6M | $352.4M | 25x |
| Short | Phemex KORUUSDT | 22.460 | 0 | get 0.0000% / 8h | 2h 47m | $1.6M | $2.3M | 10x |
Binance KORUUSDT
Phemex KORUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Binance. 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
- $66.4
- Price spread: +0.146% → +0.029%
- $11.7
- Slippage, 4 orders
- −$95.98
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$39.87
- Costs to cover
- 1.180%
- Break-even
- 11.2 days
Slippage from Binance: live order book, 11 min ago; Phemex: live order book, 6 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 Binance live order book, 11 min ago | 2.23 bp | 7.2 bp −$7 | 10.2 bp −$102 | 25.7 bp −$2,567 | 78.8 bp −$39.4K |
| Sell Phemex live order book, 6 min ago | 4.44 bp | 60.2 bp −$60 | doesn't fit | 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 | −0.0550% | 8h | 22.431 | +0.017% | $52.7M | $58.9M | 20x | as long as short |
| OKX KORU-USDT-SWAP | −0.0540% | 8h | 22.420 | −0.032% | $6.1M | $28.7M | 10x | as long as short |
| RISEx KORU/USDC | −0.0493% | 1h | 22.477 | +0.220% | $31K | $308K | 5x | as long as short |
| tradeXYZ xyz:KORU | −0.0389% | 1h | 22.420 | −0.032% | $3.2M | $9.2M | 10x | as long as short |
| Extended KORU-USD | −0.0320% | 1h | 22.432 | +0.023% | $9K | $179K | 5x | as long as short |
| Binance KORUUSDTlong | −0.0316% | 8h | 22.427 | long leg | $51.6M | $352.4M | 25x | |
| MEXC KORU_USDT | −0.0316% | 8h | 22.430 | +0.012% | $14.1M | $21.0M | 50x | as long as short |
| KuCoin KORUUSDTM | −0.0299% | 8h | 22.450 | +0.101% | $417K | $932K | 20x | as long as short |
| Bybit KORUUSDT | −0.0215% | 8h | 22.410 | −0.077% | $6.5M | $23.3M | 50x | as long as short |
| GRVT KORU_USDT_Perp | −0.0135% | 8h | 22.524 | +0.432% | $2K | $102K | 10x | as long as short |
Bitget KORUUSDT
OKX KORU-USDT-SWAP
RISEx KORU/USDC
tradeXYZ xyz:KORU
Extended KORU-USD
MEXC KORU_USDT
KuCoin KORUUSDTM
Bybit KORUUSDT
GRVT KORU_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KORUUSDT | −0.0122% | 8h | 22.430 | +0.012% | $84K | $296K | 50x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 22.447 | +0.088% | $2.7M | $3.8M | 25x | as long as short |
| SunX KORU-USDT | 0.0000% | 8h | 22.470 | +0.191% | — | $3.6M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 22.510 | +0.369% | $8K | $19K | 10x | as long as short |
| Phemex KORUUSDTshort | 0.0000% | 8h | 22.460 | +0.146% | $1.6M | $2.3M | 10x | |
| Lighter KORU | +0.0032% | 1h | 22.460 | +0.146% | — | — | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 22.550 | +0.547% | $11K | $54K | 5x | as long as short |
| edgeX KORUUSDC | +0.0768% | 4h | 22.485 | +0.257% | $451K | $313K | 10x | as long as short |
Aster KORUUSDT
Gate KORU_USDT
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
Ondo Perps KORU-USD.P
edgeX KORUUSDC