Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Phemex−0.182%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.182% cheaper against Phemex than usual: you would sell low and buy high (spread −0.182% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex KORUUSDT	21.950	0	get 0.0000% / 8h	1h 38m	$1.5M	$2.3M	10x
Short	Ondo Perps KORU-USD.P	21.910	0.0050	get 0.0006% / 1h	38m 36s	$11K	$68K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.182%Rate

Funding earned: $10.58
Price spread: −0.182% → 0.000%: −$18.22
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.64
Costs to cover: 0.170%
Break-even: 23.3 days

Slippage unknown: Phemex: live order book, 5 min ago; Ondo Perps: no order-book sample. Net counts fees only.

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, 5 min ago	9.06 bp	67.1 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1572%	8h	21.925	−0.114%	$53.6M	$62.2M	20x	as long as short
edgeX KORUUSDC	−0.0658%	4h	22.060	+0.500%	$442K	$314K	10x	as long as short
OKX KORU-USDT-SWAP	−0.0338%	8h	21.910	−0.182%	$6.0M	$30.2M	10x	as long as short
KuCoin KORUUSDTM	−0.0189%	8h	21.920	−0.137%	$405K	$906K	20x	as long as short
tradeXYZ xyz:KORU	−0.0152%	1h	21.916	−0.155%	$3.2M	$10.0M	10x	as long as short
Extended KORU-USD	−0.0096%	1h	21.915	−0.161%	$7K	$180K	5x	as long as short
MEXC KORU_USD1	−0.0092%	8h	21.950	0.000%	$11.6M	$83K	20x	as long as short
Binance KORUUSDT	−0.0089%	8h	21.920	−0.137%	$50.0M	$373.8M	25x	as long as short
Aster KORUUSDT	−0.0027%	8h	21.917	−0.152%	$64K	$323K	50x	as long as short
Bybit KORUUSDT	−0.0016%	8h	21.920	−0.137%	$6.3M	$24.4M	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	21.911	−0.176%	$28K	$307K	5x	as long as short
Gate KORU_USDT	0.0000%	8h	21.931	−0.087%	$2.2M	$4.0M	25x	as long as short
SunX KORU-USDT	0.0000%	8h	21.940	−0.046%	—	$3.5M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	22.020	+0.319%	$8K	$20K	10x	as long as short
Phemex KORUUSDTlong	0.0000%	8h	21.950	long leg	$1.5M	$2.3M	10x
Lighter KORU	+0.0032%	1h	21.914	−0.164%	—	—	10x	as long as short
Ondo Perps KORU-USD.Pshort	+0.0050%	1h	21.910	−0.182%	$11K	$68K	5x
GRVT KORU_USDT_Perp	+0.0100%	8h	22.068	+0.536%	$2K	$104K	10x	as long as short