Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.019%

Price spread now: Paragon against Bybit+0.054%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$980.984% of the position

Long on Bybit Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.054%, 7d avg −0.038%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Paragon is 0.092% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COHRUSDT	315.01	0	get 0.0000% / 8h	1h 46m	$1.1M	$367K	25x
Short	Paragon para:COHR	315.18	0.0060	get 0.0008% / 1h	46m 08s	$465K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Bybit. 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 BybitbpFee ParagonbpOrdersPrice spread, now +0.054%Rate

Funding earned: $12.6
Price spread: +0.054% → −0.038%: $9.25
Slippage, 4 orders: −$77.38
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$76.53
Costs to cover: 0.984%
Break-even: 49.5 days

Slippage from Bybit: live order book, 4 min ago; Paragon: live order book, 19 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, 4 min ago	4.59 bp	16.4 bp −$16	179.4 bp −$1,794	doesn't fit	doesn't fit
Sell Paragon live order book, 19 min ago	16.23 bp	26.9 bp −$27	39.3 bp −$393	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	−0.0868%	8h	315.98	+0.308%	$1.8M	$1.4M	20x	as long as short
KuCoin COHRUSDTM	−0.0100%	8h	315.10	+0.029%	$349K	$296K	20x	as long as short
BloFin COHR-USDT	−0.0018%	8h	315.40	+0.124%	$46K	$113K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	315.18	+0.053%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	315.14	+0.042%	$34K	$240K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	315.10	+0.029%	$7.3M	$10.6M	25x	as long as short
Bybit COHRUSDTlong	0.0000%	8h	315.01	long leg	$1.1M	$367K	25x
OKX COHR-USDT-SWAP	0.0000%	8h	315.41	+0.127%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	315.22	+0.067%	$611K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	316.33	+0.419%	$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	315.26	+0.079%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	315.31	+0.095%	$5K	$40K	10x	as long as short
QFEX COHR-USD	+0.0030%	1h	314.99	−0.006%	$1.2M	$2.8M	10x	as long as short
Paragon para:COHRshort	+0.0060%	1h	315.18	+0.054%	$465K	$163K	10x
Aevo COHR-PERP	+0.0104%	1h	315.09	+0.025%	—	—	10x	as long as short