Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.016%

Price spread now: Paragon against Binance−0.167%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on Binance Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−1.265%−$126 · spread now −0.167%, 7d avg −0.090%

Together, before fees−1.346%−$135 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.077% cheaper against Binance than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of −0.090%). If the spread goes back, that is −$8 on $10k: about 3.8 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.081%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance COHRUSDT	310.96	0	get 0.0000% / 8h	7h 28m	$7.2M	$11.0M	25x
Short	Paragon para:COHR	310.44	0.0067	get 0.0008% / 1h	28m 18s	$458K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Binance. 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 BinancebpFee ParagonbpOrdersPrice spread, now −0.167%Rate

Funding earned: $14.05
Price spread: −0.167% → −0.090%: −$7.68
Slippage, 4 orders: −$71.09
Fee Binance: 5 bp × 2 orders: −$10
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$84.72
Costs to cover: 0.911%
Break-even: 49.2 days

Slippage from Binance: live order book, 12 min ago; Paragon: live order book, 17 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 Binance live order book, 12 min ago	0.96 bp	11.7 bp −$12	49.3 bp −$493	154.9 bp −$15.5K	doesn't fit
Sell Paragon live order book, 17 min ago	23.89 bp	29.5 bp −$29	70.4 bp −$704	doesn't fit	doesn't fit

COHR on 15 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 COHRUSDT	−0.0682%	8h	310.89	−0.023%	$1.8M	$1.5M	20x	as long as short
BloFin COHR-USDT	−0.0022%	8h	310.69	−0.087%	$46K	$114K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	310.98	+0.006%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	310.74	−0.072%	$32K	$280K	10x	as long as short
Binance COHRUSDTlong	0.0000%	8h	310.96	long leg	$7.2M	$11.0M	25x
Bybit COHRUSDT	0.0000%	8h	310.73	−0.074%	$964K	$658K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	310.87	−0.029%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	310.63	−0.106%	$600K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	311.43	+0.152%	$2K	$161K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	310.77	−0.061%	—	$2.3M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COHR-USDT	0.0000%	8h	310.23	−0.235%	$5K	$38K	10x	as long as short
QFEX COHR-USD	+0.0055%	1h	310.72	−0.077%	$1.2M	$2.7M	10x	as long as short
Paragon para:COHRshort	+0.0067%	1h	310.44	−0.167%	$458K	$159K	10x
KuCoin COHRUSDTM	+0.0100%	8h	310.80	−0.051%	$360K	$305K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	310.67	−0.093%	—	—	10x	as long as short