Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Phemex−0.045%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1491.494% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.259%+$26 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.045%, 7d avg −0.005%

Together, before fees+0.392%+$39 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: MEXC is 0.040% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	22.220	0	get 0.0000% / 8h	4h 43m	$1.6M	$2.1M	10x
Short	MEXC KORU_USD1	22.210	0	get 0.0000% / 8h	4h 43m	$10.6M	$262K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.005%: −$4.02
Slippage, 4 orders: −$137.41
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$153.43
Costs to cover: 1.494%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; MEXC: 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, 3 min ago	6.77 bp	58.8 bp −$59	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	15.80 bp	20.3 bp −$20	20.3 bp −$203	30.4 bp −$3,037	79.4 bp −$39.7K

KORU on 18 exchanges

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	−0.1220%	8h	22.203	−0.077%	$52.0M	$81.5M	20x	as long as short
tradeXYZ xyz:KORU	−0.0115%	1h	22.196	−0.108%	$3.3M	$10.5M	10x	as long as short
RISEx KORU/USDC	−0.0037%	1h	22.207	−0.058%	$29K	$332K	5x	as long as short
Aster KORUUSDT	0.0000%	8h	22.198	−0.097%	$57K	$329K	50x	as long as short
Extended KORU-USD	0.0000%	1h	22.196	−0.109%	$6K	$173K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	22.202	−0.081%	$47.3M	$423.1M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	22.210	−0.045%	$5.8M	$27.8M	50x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	22.200	−0.090%	$6.3M	$37.3M	10x	as long as short
Gate KORU_USDT	0.0000%	8h	22.209	−0.050%	$2.3M	$4.6M	25x	as long as short
MEXC KORU_USD1short	0.0000%	8h	22.210	−0.045%	$10.6M	$262K	20x

Show all 18 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KORU-USDT	0.0000%	8h	22.210	−0.045%	—	$2.5M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.220	0.000%	$8K	$21K	20x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	22.220	long leg	$1.6M	$2.1M	10x
Lighter KORU	+0.0032%	1h	22.195	−0.113%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	22.300	+0.360%	$13K	$73K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	22.200	−0.090%	$408K	$834K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.232	+0.054%	$1K	$94K	10x	as long as short
edgeX KORUUSDC	+0.0822%	4h	22.138	−0.368%	$443K	$318K	10x	as long as short