Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.110%

Price spread now: Binance against Phemex+0.007%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$115as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1441.445% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.296%+$30 on $10k

Price spread, last 2 days (all we have)−0.052%−$5 · spread now +0.007%, 7d avg −0.029%

Together, before fees+0.244%+$24 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: Binance is 0.036% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.710	0	get 0.0000% / 8h	40m 37s	$1.6M	$2.4M	10x
Short	Binance KORUUSDT	22.712	0	get 0.0000% / 8h	40m 37s	$56.9M	$340.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phemex. 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 PhemexbpFee BinancebpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.029%: $3.59
Slippage, 4 orders: −$122.48
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$140.89
Costs to cover: 1.445%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Binance: live order book, 3 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 Phemex live order book, 3 min ago	8.80 bp	70.7 bp −$71	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.20 bp	7.2 bp −$7	9.2 bp −$92	21.3 bp −$2,133	82.8 bp −$41.4K

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	−0.0619%	4h	22.729	+0.085%	$455K	$307K	10x	as long as short
tradeXYZ xyz:KORU	−0.0099%	1h	22.685	−0.110%	$3.2M	$7.5M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	22.711	+0.003%	$83K	$264K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.709	−0.006%	$19K	$179K	5x	as long as short
Binance KORUUSDTshort	0.0000%	8h	22.712	+0.007%	$56.9M	$340.3M	25x
Bybit KORUUSDT	0.0000%	8h	22.710	0.000%	$6.1M	$22.7M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.710	0.000%	$6.0M	$30.9M	10x	as long as short
RISEx KORU/USDC	0.0000%	1h	22.713	+0.013%	$29K	$313K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	22.705	−0.022%	$2.5M	$3.2M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	22.700	−0.044%	$14.1M	$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	22.701	−0.040%	$52.5M	$73.9M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.680	−0.132%	—	$5.0M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.710	0.000%	$8K	$17K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.710	long leg	$1.6M	$2.4M	10x
Lighter KORU	+0.0032%	1h	22.690	−0.088%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.710	0.000%	$19K	$12K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.690	−0.088%	$482K	$1.1M	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.732	+0.096%	$2K	$101K	10x	as long as short