Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bybit+0.092%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1281.276% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.092%, 7d avg +0.007%

Together, before fees−0.412%−$41 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: Phemex is 0.085% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KORUUSDT	21.780	0	get 0.0000% / 8h	53m 18s	$6.3M	$24.4M	50x
Short	Phemex KORUUSDT	21.800	0	get 0.0000% / 8h	53m 18s	$1.5M	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.007%: $8.47
Slippage, 4 orders: −$104.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$119.11
Costs to cover: 1.276%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Phemex: live order book, 5 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 Bybit live order book, 5 min ago	2.29 bp	10.6 bp −$11	16.2 bp −$162	108.2 bp −$10.8K	doesn't fit
Sell Phemex live order book, 5 min ago	4.59 bp	57.6 bp −$58	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	−0.2140%	8h	21.809	+0.133%	$54.1M	$61.7M	20x	as long as short
edgeX KORUUSDC	−0.0269%	4h	21.836	+0.255%	$438K	$314K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0204%	8h	21.790	+0.046%	$6.1M	$29.5M	10x	as long as short
KuCoin KORUUSDTM	−0.0091%	8h	21.810	+0.138%	$402K	$898K	20x	as long as short
tradeXYZ xyz:KORU	−0.0044%	1h	21.760	−0.092%	$3.2M	$10.3M	10x	as long as short
MEXC KORU_USD1	−0.0001%	8h	21.820	+0.184%	$11.5M	$81K	20x	as long as short
Aster KORUUSDT	0.0000%	8h	21.788	+0.037%	$64K	$320K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.774	−0.027%	$5K	$180K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.787	+0.031%	$49.3M	$378.3M	25x	as long as short
Bybit KORUUSDTlong	0.0000%	8h	21.780	long leg	$6.3M	$24.4M	50x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx KORU/USDC	0.0000%	1h	21.808	+0.131%	$28K	$308K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.790	+0.046%	$2.4M	$4.1M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	21.780	0.000%	—	$3.4M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.810	+0.138%	$8K	$20K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	21.800	+0.092%	$1.5M	$2.3M	10x
Lighter KORU	+0.0032%	1h	21.769	−0.051%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.780	0.000%	$11K	$69K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.804	+0.110%	$1K	$103K	10x	as long as short