Funding arb · Price arb /

KORU

RWAall KORU markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.023%

Price spread now: KuCoin against RISEx−0.143%7-day average −0.020% · 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−$98as in the Price arb table

costs, in and out, $10k−$860.859% of the position

Long on RISEx Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.143%, 7d avg −0.020%

Together, before fees+0.188%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.122% cheaper against RISEx than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.020%). If the spread goes back, that is −$12 on $10k: about 4.1 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx KORU/USDC	23.043	0	get 0.0000% / 1h	58m 54s	$34K	$304K	5x
Short	KuCoin KORUUSDTM	23.010	0.0100	get 0.0100% / 8h	6h 58m	$462K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.143%Rate

Funding earned: $21
Price spread: −0.143% → −0.020%: −$12.24
Slippage, 4 orders: −$67.9
Fee RISEx: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$77.14
Costs to cover: 0.859%
Break-even: 32.7 days

Slippage from RISEx: live order book, 9 min ago; KuCoin: live order book, 1 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, 9 min ago	1.95 bp	5.0 bp −$5	13.3 bp −$133	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	4.34 bp	36.4 bp −$36	doesn't fit	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
edgeX KORUUSDC	−0.0695%	4h	23.026	−0.072%	$461K	$309K	10x	as long as short
tradeXYZ xyz:KORU	−0.0506%	1h	22.979	−0.277%	$3.0M	$7.2M	10x	as long as short
Bybit KORUUSDT	−0.0021%	8h	23.000	−0.186%	$6.5M	$21.9M	50x	as long as short
Aster KORUUSDT	0.0000%	8h	23.051	+0.036%	$95K	$276K	50x	as long as short
Extended KORU-USD	0.0000%	1h	23.011	−0.139%	$6K	$205K	5x	as long as short
Binance KORUUSDT	0.0000%	8h	23.010	−0.143%	$57.8M	$326.6M	25x	as long as short
OKX KORU-USDT-SWAP	0.0000%	8h	23.000	−0.186%	$6.2M	$29.2M	10x	as long as short
RISEx KORU/USDClong	0.0000%	1h	23.043	long leg	$34K	$304K	5x
Gate KORU_USDT	0.0000%	8h	23.016	−0.117%	$2.6M	$3.4M	25x	as long as short
MEXC KORU_USDT	0.0000%	8h	23.010	−0.143%	$14.9M	$19.6M	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	23.020	−0.099%	—	$4.3M	10x	as long as short
HTX KORU-USDT	0.0000%	8h	23.040	−0.012%	$8K	$17K	10x	as long as short
Phemex KORUUSDT	0.0000%	8h	23.010	−0.143%	$1.6M	$2.4M	10x	as long as short
Lighter KORU	+0.0032%	1h	23.047	+0.018%	—	—	10x	as long as short
Ondo Perps KORU-USD.P	+0.0050%	1h	23.010	−0.143%	$19K	$24K	5x	as long as short
KuCoin KORUUSDTMshort	+0.0100%	8h	23.010	−0.143%	$462K	$1.1M	20x
GRVT KORU_USDT_Perp	+0.0100%	8h	23.030	−0.056%	$2K	$95K	10x	as long as short
Bitget KORUUSDT	+0.0378%	8h	22.986	−0.247%	$54.0M	$64.4M	20x	as long as short