Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.010%

Price spread now: QFEX against BloFin−0.190%7-day average −0.017% · 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−$61as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on BloFin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.190%, 7d avg −0.017%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.173% cheaper against BloFin than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of −0.017%). If the spread goes back, that is −$17 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.014% in total) that is about 46 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COHR-USDT	316.28	−0.0005	get 0.0005% / 8h	1h 47m	$46K	$113K	20x
Short	QFEX COHR-USD	315.68	0.0030	get 0.0004% / 1h	47m 42s	$1.2M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.190%Rate

Funding earned: $7.32
Price spread: −0.190% → −0.017%: −$17.29
Slippage, 4 orders: −$22.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$54.11
Costs to cover: 0.441%
Break-even: 58.8 days

Slippage from BloFin: live order book, 24 min ago; QFEX: 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 BloFin live order book, 24 min ago	0.63 bp	11.1 bp −$11	15.4 bp −$154	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.74 bp	9.0 bp −$9	16.7 bp −$167	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	−0.0849%	8h	315.98	−0.095%	$1.8M	$1.4M	20x	as long as short
KuCoin COHRUSDTM	−0.0106%	8h	315.50	−0.247%	$350K	$297K	20x	as long as short
BloFin COHR-USDTlong	−0.0005%	8h	316.28	long leg	$46K	$113K	20x
Aster COHRUSDT	0.0000%	8h	315.46	−0.261%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	315.49	−0.251%	$34K	$240K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	315.46	−0.260%	$7.3M	$10.6M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	315.37	−0.288%	$1.1M	$367K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	315.56	−0.228%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	315.57	−0.224%	$612K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	316.33	+0.016%	$2K	$173K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COHR-USDT	0.0000%	8h	315.81	−0.149%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	316.35	+0.022%	$5K	$40K	10x	as long as short
QFEX COHR-USDshort	+0.0030%	1h	315.68	−0.190%	$1.2M	$2.8M	10x
Paragon para:COHR	+0.0060%	1h	315.38	−0.286%	$465K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	315.57	−0.225%	—	—	10x	as long as short