Funding you earn now, next payment 08:00 UTC−0.2258%/8h= −247.3% APRnext payment −$22.58 per $10,000 · paid last 24h +0.052%
Price spread now: Bitget against Phemex+0.078%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1241.240% of the position
Funding, last 7 days+0.278%+$28 on $10k
+Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.078%, 7d avg −0.018%
=The price spread pays, funding is against you. Bitget is 0.096% dearer against Phemex than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of −0.018%): +$10 on $10k if it goes back. Holding the pair costs −$68 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.278%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.278% in total (about 14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$22.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex KORUUSDT | 21.740 | 0 | get 0.0000% / 8h | 37m 10s | $1.5M | $2.2M | 10x |
| Short | Bitget KORUUSDT | 21.757 | −0.2258 | pay 0.2258% / 8h | 37m 10s | $54.3M | $61.9M | 20x |
Phemex KORUUSDT
Bitget KORUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$474.18
- Price spread: +0.078% → −0.018%
- $9.59
- Slippage, 4 orders
- −$100.03
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$588.61
- Costs to cover
- 1.240%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago | 4.59 bp | 61.4 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.92 bp | 10.0 bp −$10 | 22.6 bp −$226 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget KORUUSDTshort | −0.2258% | 8h | 21.757 | +0.078% | $54.3M | $61.9M | 20x | |
| OKX KORU-USDT-SWAP | −0.0128% | 8h | 21.750 | +0.046% | $6.0M | $29.4M | 10x | as long as short |
| KuCoin KORUUSDTM | −0.0041% | 8h | 21.730 | −0.046% | $400K | $894K | 20x | as long as short |
| Aster KORUUSDT | 0.0000% | 8h | 21.749 | +0.041% | $64K | $319K | 50x | as long as short |
| Extended KORU-USD | 0.0000% | 1h | 21.734 | −0.027% | $9K | $185K | 5x | as long as short |
| Binance KORUUSDT | 0.0000% | 8h | 21.740 | +0.002% | $49.6M | $379.7M | 25x | as long as short |
| Bybit KORUUSDT | 0.0000% | 8h | 21.740 | 0.000% | $6.4M | $24.3M | 50x | as long as short |
| RISEx KORU/USDC | 0.0000% | 1h | 21.751 | +0.049% | $28K | $304K | 5x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 21.748 | +0.037% | $2.5M | $4.1M | 25x | as long as short |
| MEXC KORU_USD1 | 0.0000% | 8h | 21.760 | +0.092% | $11.5M | $82K | 20x | as long as short |
OKX KORU-USDT-SWAP
KuCoin KORUUSDTM
Aster KORUUSDT
Extended KORU-USD
Binance KORUUSDT
Bybit KORUUSDT
RISEx KORU/USDC
Gate KORU_USDT
MEXC KORU_USD1Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX KORU-USDT | 0.0000% | 8h | 21.740 | 0.000% | — | $3.4M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 21.760 | +0.092% | $8K | $20K | 10x | as long as short |
| Phemex KORUUSDTlong | 0.0000% | 8h | 21.740 | long leg | $1.5M | $2.2M | 10x | |
| Lighter KORU | +0.0032% | 1h | 21.710 | −0.138% | — | — | 10x | as long as short |
| tradeXYZ xyz:KORU | +0.0050% | 1h | 21.730 | −0.046% | $3.2M | $10.3M | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 21.820 | +0.368% | $11K | $70K | 5x | as long as short |
| GRVT KORU_USDT_Perp | +0.0100% | 8h | 21.787 | +0.216% | $2K | $103K | 10x | as long as short |
| edgeX KORUUSDC | +0.0378% | 4h | 21.782 | +0.195% | $436K | $315K | 10x | as long as short |
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
tradeXYZ xyz:KORU
Ondo Perps KORU-USD.P
GRVT KORU_USDT_Perp
edgeX KORUUSDC