Funding arb · Price arb /

KORU

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%

Price spread now: Gate against Extended−0.022%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.177%−$18 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.022%, 7d avg +0.009%

Together, before fees−0.189%+ Points / potential airdropExtended: Active · farm board−$19 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: Gate is 0.032% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended KORU-USD	22.826	0	get 0.0000% / 1h	18m 22s	$19K	$179K	5x
Short	Gate KORU_USDT	22.821	0	get 0.0000% / 8h	18m 22s	$2.6M	$3.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Extended. 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 ExtendedbpFee GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.009%: −$3.16
Slippage, 4 orders: −$22.63
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.79
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from Extended: live order book, 58 min ago; Gate: 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 Extended live order book, 58 min ago	3.11 bp	5.9 bp −$6	9.3 bp −$93	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.61 bp	16.8 bp −$17	42.5 bp −$425	67.0 bp −$6,697	89.2 bp −$44.6K

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	−0.0454%	4h	22.743	−0.365%	$455K	$306K	10x	as long as short
tradeXYZ xyz:KORU	−0.0151%	1h	22.803	−0.101%	$3.2M	$7.4M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.799	−0.119%	$83K	$265K	50x	as long as short
Extended KORU-USDlong	0.0000%	1h	22.826	long leg	$19K	$179K	5x
Binance KORUUSDT	0.0000%	8h	22.836	+0.043%	$57.2M	$341.0M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.830	+0.017%	$6.1M	$22.8M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.830	+0.017%	$6.0M	$31.2M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.830	+0.017%	$29K	$312K	5x	as long as short
Gate KORU_USDTshort	0.0000%	8h	22.821	−0.022%	$2.6M	$3.2M	25x
MEXC KORU_USDT	0.0000%	8h	22.830	+0.017%	$14.3M	$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	22.820	−0.027%	$52.8M	$73.7M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.800	−0.114%	—	$5.0M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.810	−0.071%	$8K	$17K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.820	−0.027%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.810	−0.071%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.760	−0.290%	$19K	$12K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.810	−0.071%	$483K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.740	−0.377%	$1K	$101K	10x	as long as short