Funding arb · Price arb /

COHR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: GRVT against Bybit+0.049%50s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$950.952% of the position

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.164%+$16 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now +0.049%, 7d avg +0.026%

Together, before fees+0.440%+ Points / potential airdropGRVT: Active · farm board+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.024% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COHRUSDT	324.48	0	get 0.0000% / 8h	5h 12m	$1.2M	$340K	25x
Short	GRVT COHR_USDT_Perp	324.64	0	get 0.0000% / 8h	5h 12m	$1K	$174K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee GRVTbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.026%: $2.39
Slippage, 4 orders: −$75.2
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$92.81
Costs to cover: 0.952%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; GRVT: live order book, 45 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 Bybit live order book, 3 min ago	7.24 bp	29.8 bp −$30	195.8 bp −$1,958	doesn't fit	doesn't fit
Sell GRVT live order book, 45 min ago	5.10 bp	18.8 bp −$19	doesn't fit	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
KuCoin COHRUSDTM	−0.0273%	8h	324.00	−0.148%	$358K	$338K	20x	as long as short
BloFin COHR-USDT	−0.0004%	8h	324.63	+0.046%	$46K	$112K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	324.66	+0.054%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.55	+0.020%	$36K	$192K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.63	+0.046%	$7.4M	$9.2M	25x	as long as short
Bybit COHRUSDTlong	0.0000%	8h	324.48	long leg	$1.2M	$340K	25x
OKX COHR-USDT-SWAP	0.0000%	8h	324.70	+0.068%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	324.65	+0.052%	$621K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	324.45	−0.009%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perpshort	0.0000%	8h	324.64	+0.049%	$1K	$174K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COHR-USDT	0.0000%	8h	324.65	+0.052%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	325.49	+0.311%	$5K	$41K	10x	as long as short
QFEX COHR-USD	+0.0026%	1h	324.56	+0.025%	$1.2M	$3.5M	10x	as long as short
Paragon para:COHR	+0.0060%	1h	324.48	−0.001%	$478K	$164K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	324.54	+0.019%	—	—	10x	as long as short