Funding you earn now, next payment 02:00 UTC−0.0987%/8h= −108.1% APRpaid last 24h −0.061%
Price spread now: tradeXYZ against Phemex+0.035%7-day average −0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$152as in the Price arb table
costs, in and out, $10k−$1691.686% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 3 days (all we have)−0.005%$0 · spread now +0.035%, 7d avg −0.135%
=Together, before fees+0.013%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.171% dearer against Phemex than usual: you sell high and buy low (spread +0.035% now, against its 7-day average of −0.135%): +$17 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment. 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 | 22.680 | 0 | get 0.0000% / 8h | 6h 13m | $1.6M | $2.4M | 10x |
| Short | tradeXYZ xyz:KORU | 22.688 | −0.0987 | pay 0.0123% / 1h | 13m 02s | $3.2M | $7.9M | 10x |
Phemex KORUUSDT
tradeXYZ xyz:KORUFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$207.31
- Price spread: +0.035% → −0.135%
- $17.06
- Slippage, 4 orders
- −$138.57
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$358.81
- Costs to cover
- 1.686%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; tradeXYZ: live order book, 5 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, 5 min ago | 6.60 bp | 72.0 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 5 min ago | 0.88 bp | 11.4 bp −$11 | 17.6 bp −$176 | 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:KORUshort | −0.0987% | 1h | 22.688 | +0.035% | $3.2M | $7.9M | 10x | |
| Bybit KORUUSDT | −0.0818% | 8h | 22.710 | +0.132% | $6.5M | $21.9M | 50x | as long as short |
| GRVT KORU_USDT_Perp | −0.0607% | 8h | 22.720 | +0.176% | $2K | $96K | 10x | as long as short |
| Gate KORU_USDT | −0.0220% | 8h | 22.695 | +0.066% | $2.6M | $3.6M | 25x | as long as short |
| OKX KORU-USDT-SWAP | −0.0079% | 8h | 22.680 | 0.000% | $6.1M | $28.5M | 10x | as long as short |
| Aster KORUUSDT | 0.0000% | 8h | 22.761 | +0.359% | $92K | $290K | 50x | as long as short |
| Extended KORU-USD | 0.0000% | 1h | 22.708 | +0.124% | $6K | $211K | 5x | as long as short |
| Binance KORUUSDT | 0.0000% | 8h | 22.713 | +0.146% | $55.4M | $328.1M | 25x | as long as short |
| RISEx KORU/USDC | 0.0000% | 1h | 22.714 | +0.150% | $36K | $303K | 5x | as long as short |
| MEXC KORU_USDT | 0.0000% | 8h | 22.700 | +0.088% | $14.7M | $19.9M | 50x | as long as short |
Bybit KORUUSDT
GRVT KORU_USDT_Perp
Gate KORU_USDT
OKX KORU-USDT-SWAP
Aster KORUUSDT
Extended KORU-USD
Binance KORUUSDT
RISEx KORU/USDC
MEXC KORU_USDTShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget KORUUSDT | 0.0000% | 8h | 22.675 | −0.022% | $52.9M | $59.6M | 20x | as long as short |
| SunX KORU-USDT | 0.0000% | 8h | 22.790 | +0.485% | — | $4.1M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 22.710 | +0.132% | $8K | $17K | 10x | as long as short |
| Phemex KORUUSDTlong | 0.0000% | 8h | 22.680 | long leg | $1.6M | $2.4M | 10x | |
| Lighter KORU | +0.0032% | 1h | 22.760 | +0.353% | — | — | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 22.790 | +0.485% | $16K | $43K | 5x | as long as short |
| edgeX KORUUSDC | +0.0096% | 4h | 22.710 | +0.131% | $455K | $310K | 10x | as long as short |
| KuCoin KORUUSDTM | +0.0100% | 8h | 22.720 | +0.176% | $431K | $1.0M | 20x | as long as short |
Bitget KORUUSDT
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
Ondo Perps KORU-USD.P
edgeX KORUUSDC
KuCoin KORUUSDTM