Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1820%/8h= +199.3% APRpaid last 24h −0.001%

Price spread now: Binance against RISEx−0.007%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on RISEx Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.023%+$2 on $10k

Price spread, last 2 days (all we have)−0.019%−$2 · spread now −0.007%, 7d avg +0.007%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$55 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.023% in total (about 2.4% 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	RISEx KORU/USDC	22.917	−0.1847	get 0.0231% / 1h	52m 34s	$37K	$303K	5x
Short	Binance KORUUSDT	22.915	−0.0026	pay 0.0026% / 8h	5h 52m	$55.9M	$325.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against RISEx. 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 RISExbpFee BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: $382.3
Price spread: −0.007% → +0.007%: −$1.4
Slippage, 4 orders: −$8.3
Fee RISEx: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $356.6
Costs to cover: 0.243%
Break-even: 0.5 days

Slippage from RISEx: live order book, 11 min ago; Binance: live order book, 6 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 RISEx live order book, 11 min ago	1.97 bp	5.0 bp −$5	10.7 bp −$107	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	2.18 bp	7.2 bp −$7	9.4 bp −$94	20.4 bp −$2,035	87.4 bp −$43.7K

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
RISEx KORU/USDClong	−0.1847%	1h	22.917	long leg	$37K	$303K	5x
tradeXYZ xyz:KORU	−0.1249%	1h	22.906	−0.047%	$3.1M	$8.1M	10x	as long as short
Bybit KORUUSDT	−0.1043%	8h	22.930	+0.057%	$6.5M	$21.7M	50x	as long as short
GRVT KORU_USDT_Perp	−0.0936%	8h	22.920	+0.015%	$2K	$96K	10x	as long as short
Ondo Perps KORU-USD.P	−0.0311%	1h	22.950	+0.145%	$13K	$50K	5x	as long as short
OKX KORU-USDT-SWAP	−0.0281%	8h	22.900	−0.074%	$6.2M	$28.6M	10x	as long as short
Gate KORU_USDT	−0.0175%	8h	22.918	+0.005%	$2.6M	$3.6M	25x	as long as short
HTX KORU-USDT	−0.0169%	8h	22.900	−0.074%	$8K	$17K	10x	as long as short
KuCoin KORUUSDTM	−0.0073%	8h	22.910	−0.030%	$435K	$1.0M	20x	as long as short
Binance KORUUSDTshort	−0.0026%	8h	22.915	−0.007%	$55.9M	$325.4M	25x

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended KORU-USD	−0.0016%	1h	22.911	−0.027%	$6K	$206K	5x	as long as short
MEXC KORU_USDT	−0.0015%	8h	22.910	−0.030%	$16.7M	$19.4M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	22.897	−0.087%	$91K	$288K	50x	as long as short
Bitget KORUUSDT	0.0000%	8h	22.891	−0.113%	$53.2M	$58.9M	20x	as long as short
SunX KORU-USDT	0.0000%	8h	22.970	+0.232%	—	$4.0M	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	22.900	−0.074%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	22.969	+0.228%	—	—	10x	as long as short
edgeX KORUUSDC	+0.0396%	4h	22.895	−0.096%	$459K	$309K	10x	as long as short