Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.035%

Price spread now: RISEx against Bybit−0.053%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Bybit Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.116%−$12 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.053%, 7d avg +0.010%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and RISEx is 0.063% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KORUUSDT	22.680	−0.0271	get 0.0271% / 8h	3h 41m	$6.6M	$21.7M	50x
Short	RISEx KORU/USDC	22.668	−0.0513	pay 0.0064% / 1h	41m 08s	$37K	$302K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$50.84
Price spread: −0.053% → +0.010%: −$6.27
Slippage, 4 orders: −$11.26
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$85.37
Costs to cover: 0.283%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; RISEx: live order book, 12 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, 2 min ago	2.20 bp	10.4 bp −$10	17.8 bp −$178	112.2 bp −$11.2K	doesn't fit
Sell RISEx live order book, 12 min ago	1.75 bp	4.8 bp −$5	9.3 bp −$93	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
OKX KORU-USDT-SWAP	−0.0570%	8h	22.670	−0.044%	$6.2M	$28.1M	10x	as long as short
RISEx KORU/USDCshort	−0.0513%	1h	22.668	−0.053%	$37K	$302K	5x
edgeX KORUUSDC	−0.0323%	4h	22.719	+0.172%	$455K	$311K	10x	as long as short
Extended KORU-USD	−0.0280%	1h	22.674	−0.028%	$6K	$208K	5x	as long as short
MEXC KORU_USDT	−0.0279%	8h	22.690	+0.044%	$15.2M	$21.2M	50x	as long as short
Binance KORUUSDT	−0.0278%	8h	22.673	−0.032%	$54.7M	$334.7M	25x	as long as short
Bybit KORUUSDTlong	−0.0271%	8h	22.680	long leg	$6.6M	$21.7M	50x
KuCoin KORUUSDTM	−0.0255%	8h	22.680	0.000%	$437K	$955K	20x	as long as short
GRVT KORU_USDT_Perp	−0.0214%	8h	22.720	+0.176%	$1K	$98K	10x	as long as short
tradeXYZ xyz:KORU	−0.0157%	1h	22.675	−0.022%	$3.1M	$8.8M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster KORUUSDT	−0.0105%	8h	22.690	+0.044%	$88K	$291K	50x	as long as short
Gate KORU_USDT	0.0000%	8h	22.674	−0.026%	$2.6M	$3.6M	25x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.657	−0.101%	$52.8M	$58.0M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.690	+0.044%	—	$3.7M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.700	+0.088%	$8K	$18K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.680	0.000%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.680	0.000%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.740	+0.265%	$13K	$50K	5x	as long as short