Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: SunX against Ondo Perps−0.136%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SunX is 0.136% cheaper against Ondo Perps than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps KORU-USD.P	21.990	0.0050	pay 0.0006% / 1h	56m 11s	$13K	$71K	5x
Short	SunX KORU-USDT	21.960	0	get 0.0000% / 8h	6h 56m	—	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Ondo Perps. 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 Ondo PerpsbpFee SunXbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$10.58
Price spread: −0.136% → 0.000%: −$13.64
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$37.23
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; SunX: live order book, 12 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 12 min ago	902.39 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.2337%	8h	21.989	−0.005%	$54.0M	$68.6M	20x	as long as short
tradeXYZ xyz:KORU	−0.0038%	1h	21.993	+0.014%	$3.5M	$10.4M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.010	+0.091%	$62K	$322K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.009	+0.085%	$7K	$174K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.008	+0.083%	$48.2M	$388.0M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.990	0.000%	$6.5M	$24.6M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	21.980	−0.045%	$6.0M	$32.0M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.040	+0.227%	$28K	$298K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.027	+0.168%	$2.9M	$3.9M	25x	as long as short
MEXC KORU_USD1	0.0000%	8h	22.030	+0.182%	$10.5M	$261K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KORU-USDTshort	0.0000%	8h	21.960	−0.136%	—	$2.8M	10x
HTX KORU-USDT	0.0000%	8h	22.030	+0.182%	$8K	$21K	20x	as long as short
Phemex KORUUSDT	0.0000%	8h	21.990	0.000%	$1.6M	$2.1M	10x	as long as short
Lighter KORU	+0.0032%	1h	21.980	−0.045%	—	—	10x	as long as short
Ondo Perps KORU-USD.Plong	+0.0050%	1h	21.990	long leg	$13K	$71K	5x
KuCoin KORUUSDTM	+0.0100%	8h	22.020	+0.136%	$406K	$865K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	21.750	−1.091%	$2K	$98K	10x	as long as short
edgeX KORUUSDC	+0.0882%	4h	21.855	−0.613%	$438K	$315K	10x	as long as short