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: OKX against Phemex+0.046%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$134as in the Price arb table

costs, in and out, $10k−$1431.435% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.430%+$43 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now +0.046%, 7d avg −0.045%

Together, before fees+0.484%+$48 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: OKX is 0.091% dearer against Phemex than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	21.850	0	get 0.0000% / 8h	6h 55m	$1.5M	$2.1M	10x
Short	OKX KORU-USDT-SWAP	21.860	0	get 0.0000% / 8h	6h 55m	$6.0M	$31.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.045%: $9.06
Slippage, 4 orders: −$121.49
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$134.43
Costs to cover: 1.435%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; OKX: 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	6.83 bp	58.2 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.27 bp	7.3 bp −$7	12.2 bp −$122	69.7 bp −$6,969	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 KORUUSDT	−0.2330%	8h	21.863	+0.059%	$53.3M	$69.5M	20x	as long as short
tradeXYZ xyz:KORU	−0.0006%	1h	21.838	−0.055%	$3.5M	$10.4M	10x	as long as short
Aster KORUUSDT	0.0000%	8h	21.900	+0.229%	$62K	$322K	50x	as long as short
Extended KORU-USD	0.0000%	1h	21.862	+0.053%	$7K	$174K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	21.860	+0.046%	$47.9M	$388.7M	25x	as long as short
Bybit KORUUSDT	0.0000%	8h	21.850	0.000%	$6.5M	$24.6M	50x	as long as short
OKX KORU-USDT-SWAPshort	0.0000%	8h	21.860	+0.046%	$6.0M	$31.9M	10x
RISEx KORU/USDC	0.0000%	1h	21.890	+0.183%	$28K	$298K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.877	+0.124%	$2.9M	$3.9M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	21.870	+0.092%	$11.8M	$22.8M	50x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX KORU-USDT	0.0000%	8h	21.840	−0.046%	—	$2.8M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	21.880	+0.137%	$8K	$21K	20x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	21.850	long leg	$1.5M	$2.1M	10x
Lighter KORU	+0.0032%	1h	21.834	−0.073%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	21.990	+0.641%	$13K	$71K	5x	as long as short
KuCoin KORUUSDTM	+0.0100%	8h	21.860	+0.046%	$400K	$866K	20x	as long as short
GRVT KORU_USDT_Perp	+0.0100%	8h	22.000	+0.686%	$2K	$98K	10x	as long as short
edgeX KORUUSDC	+0.0144%	4h	21.985	+0.619%	$440K	$315K	10x	as long as short