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: Gate against Phemex−0.145%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1241.235% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.211%+$21 · spread now −0.145%, 7d avg −0.031%

Together, before fees+0.256%+$26 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 0.115% cheaper against Phemex than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.020	0	get 0.0000% / 8h	1h 21m	$1.6M	$2.3M	10x
Short	Gate KORU_USDT	21.988	0	get 0.0000% / 8h	1h 21m	$2.2M	$4.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.145%Rate

Funding earned: $0
Price spread: −0.145% → −0.031%: −$11.46
Slippage, 4 orders: −$96.55
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$135.01
Costs to cover: 1.235%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Gate: 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, 2 min ago	13.60 bp	46.7 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.40 bp	17.9 bp −$18	45.1 bp −$451	74.5 bp −$7,448	97.8 bp −$48.9K

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	−0.1750%	8h	22.021	+0.005%	$54.0M	$61.9M	20x	as long as short
OKX KORU-USDT-SWAP	−0.0288%	8h	21.950	−0.318%	$6.0M	$30.0M	10x	as long as short
edgeX KORUUSDC	−0.0177%	4h	22.036	+0.072%	$442K	$314K	10x	as long as short
tradeXYZ xyz:KORU	−0.0168%	1h	21.990	−0.136%	$3.3M	$10.0M	10x	as long as short
KuCoin KORUUSDTM	−0.0157%	8h	22.000	−0.091%	$405K	$904K	20x	as long as short
Extended KORU-USD	−0.0064%	1h	21.981	−0.177%	$7K	$177K	5x	as long as short
MEXC KORU_USD1	−0.0060%	8h	22.010	−0.045%	$11.6M	$83K	20x	as long as short
Binance KORUUSDT	−0.0056%	8h	21.979	−0.185%	$49.3M	$377.0M	25x	as long as short
Bybit KORUUSDT	−0.0011%	8h	21.980	−0.182%	$6.3M	$24.6M	50x	as long as short
Aster KORUUSDT	−0.0001%	8h	21.984	−0.165%	$65K	$322K	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx KORU/USDC	0.0000%	1h	22.040	+0.091%	$30K	$307K	5x	as long as short
Gate KORU_USDTshort	0.0000%	8h	21.988	−0.145%	$2.2M	$4.0M	25x
SunX KORU-USDT	0.0000%	8h	22.040	+0.091%	—	$3.5M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.060	+0.182%	$8K	$20K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.020	long leg	$1.6M	$2.3M	10x
Lighter KORU	+0.0032%	1h	22.000	−0.091%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.040	+0.091%	$11K	$70K	5x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.042	+0.098%	$1K	$103K	10x	as long as short