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 OKX−0.044%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1251.255% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.443%−$44 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now −0.044%, 7d avg +0.046%

Together, before fees−0.430%−$43 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 0.089% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX KORU-USDT-SWAP	22.950	0	get 0.0000% / 8h	7h 47m	$6.1M	$29.7M	10x
Short	Phemex KORUUSDT	22.940	0	get 0.0000% / 8h	7h 47m	$1.6M	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.046%: −$8.91
Slippage, 4 orders: −$103.48
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$134.39
Costs to cover: 1.255%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	2.18 bp	9.3 bp −$9	15.6 bp −$156	85.6 bp −$8,557	doesn't fit
Sell Phemex live order book, 6 min ago	6.58 bp	55.3 bp −$55	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
tradeXYZ xyz:KORU	−0.0769%	1h	22.942	−0.035%	$3.3M	$6.6M	10x	as long as short
edgeX KORUUSDC	−0.0658%	4h	22.894	−0.243%	$458K	$308K	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.943	−0.031%	$82K	$259K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.953	+0.012%	$21K	$181K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.960	+0.044%	$58.1M	$328.5M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.960	+0.044%	$6.6M	$22.1M	50x	as long as short
OKX KORU-USDT-SWAPlong	0.0000%	8h	22.950	long leg	$6.1M	$29.7M	10x
RISEx KORU/USDC	0.0000%	1h	22.930	−0.086%	$32K	$306K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.938	−0.052%	$2.6M	$3.3M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.950	0.000%	$13.8M	$20.9M	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	22.925	−0.109%	$53.4M	$65.2M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.940	−0.044%	—	$4.6M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.910	−0.174%	$8K	$17K	10x	as long as short
Phemex KORUUSDTshort	0.0000%	8h	22.940	−0.044%	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.960	+0.044%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.950	0.000%	$19K	$14K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.940	−0.044%	$489K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.800	−0.654%	$1K	$97K	10x	as long as short