Funding you earn now, next payment 05:00 UTC+0.0513%/8h= +56.2% APRpaid last 24h +0.035%
Price spread now: Phemex against RISEx−0.078%7-day average +0.014% · 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−$129as in the Price arb table
costs, in and out, $10k−$1201.195% of the position
Funding, last 4 days (all we have)−0.087%−$9 on $10k
+Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.078%, 7d avg +0.014%
=Funding pays, the price is against you. Phemex is 0.092% cheaper against RISEx than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.014%). If the spread goes back, that is −$9 on $10k: about 14 hours of funding at the current rate (+$15 a day). Mind the row above: over the last 4 days funding on this pair cost −0.087%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.087% in total (about -8.8% 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 | 22.427 | −0.0513 | get 0.0064% / 1h | 2m 57s | $29K | $305K | 5x |
| Short | Phemex KORUUSDT | 22.410 | 0 | get 0.0000% / 8h | 3h 02m | $1.6M | $2.3M | 10x |
RISEx KORU/USDC
Phemex KORUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against RISEx. 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
- $107.79
- Price spread: −0.078% → +0.014%
- −$9.24
- Slippage, 4 orders
- −$101.55
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$21
- Costs to cover
- 1.195%
- Break-even
- 8.4 days
Slippage from RISEx: live order book, 50 min ago; Phemex: 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, 50 min ago | 1.75 bp | 4.8 bp −$5 | 10.6 bp −$106 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 13.45 bp | 48.7 bp −$49 | 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX KORU-USDT-SWAP | −0.0557% | 8h | 22.400 | −0.123% | $6.2M | $28.4M | 10x | as long as short |
| RISEx KORU/USDClong | −0.0513% | 1h | 22.427 | long leg | $29K | $305K | 5x | |
| Bitget KORUUSDT | −0.0422% | 8h | 22.397 | −0.136% | $52.6M | $58.8M | 20x | as long as short |
| tradeXYZ xyz:KORU | −0.0333% | 1h | 22.405 | −0.100% | $3.2M | $9.3M | 10x | as long as short |
| Binance KORUUSDT | −0.0321% | 8h | 22.407 | −0.094% | $51.7M | $351.1M | 25x | as long as short |
| Extended KORU-USD | −0.0320% | 1h | 22.397 | −0.136% | $8K | $170K | 5x | as long as short |
| MEXC KORU_USDT | −0.0320% | 8h | 22.410 | −0.078% | $15.7M | $21.5M | 50x | as long as short |
| KuCoin KORUUSDTM | −0.0303% | 8h | 22.400 | −0.123% | $417K | $938K | 20x | as long as short |
| Bybit KORUUSDT | −0.0230% | 8h | 22.400 | −0.123% | $6.3M | $23.0M | 50x | as long as short |
| GRVT KORU_USDT_Perp | −0.0176% | 8h | 22.385 | −0.191% | $2K | $100K | 10x | as long as short |
OKX KORU-USDT-SWAP
Bitget KORUUSDT
tradeXYZ xyz:KORU
Binance KORUUSDT
Extended KORU-USD
MEXC KORU_USDT
KuCoin KORUUSDTM
Bybit KORUUSDT
GRVT KORU_USDT_PerpShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KORUUSDT | −0.0134% | 8h | 22.433 | +0.024% | $85K | $295K | 50x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 22.414 | −0.060% | $2.7M | $3.8M | 25x | as long as short |
| SunX KORU-USDT | 0.0000% | 8h | 22.440 | +0.056% | — | $3.7M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 22.420 | −0.033% | $8K | $19K | 10x | as long as short |
| Phemex KORUUSDTshort | 0.0000% | 8h | 22.410 | −0.078% | $1.6M | $2.3M | 10x | |
| Lighter KORU | +0.0032% | 1h | 22.429 | +0.007% | — | — | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 22.390 | −0.167% | $11K | $54K | 5x | as long as short |
| edgeX KORUUSDC | +0.0102% | 4h | 22.390 | −0.168% | $449K | $314K | 10x | as long as short |
Aster KORUUSDT
Gate KORU_USDT
SunX KORU-USDT
HTX KORU-USDT
Lighter KORU
Ondo Perps KORU-USD.P
edgeX KORUUSDC