Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.3% APRpaid last 24h +0.008%

Price spread now: QFEX against Bybit+0.052%53s7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$1061.063% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.052%, 7d avg +0.010%

Together, before fees+0.126%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.043% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.010%. The two prices were read 53 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	324.23	0	get 0.0000% / 8h	7h 30m	$1.2M	$365K	25x
Short	QFEX COHR-USD	324.40	0.0048	get 0.0006% / 1h	30m 42s	$1.2M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $10.18
Price spread: +0.052% → +0.010%: $4.26
Slippage, 4 orders: −$85.3
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$91.86
Costs to cover: 1.063%
Break-even: 70.2 days

Slippage from Bybit: live order book, 5 min ago; QFEX: live order book, 2 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, 5 min ago	5.09 bp	67.2 bp −$67	199.7 bp −$1,997	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.08 bp	6.5 bp −$6	15.7 bp −$157	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
BloFin COHR-USDT	−0.0024%	8h	324.59	+0.111%	$45K	$115K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	324.29	+0.019%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.39	+0.050%	$35K	$208K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.46	+0.072%	$7.5M	$9.4M	25x	as long as short
Bybit COHRUSDTlong	0.0000%	8h	324.23	long leg	$1.2M	$365K	25x
OKX COHR-USDT-SWAP	0.0000%	8h	324.58	+0.108%	$1.0M	$2.2M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	324.46	+0.071%	$625K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	324.25	+0.006%	$1.8M	$1.3M	20x	as long as short
SunX COHR-USDT	0.0000%	8h	324.62	+0.120%	—	$2.6M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	324.60	+0.114%	$5K	$40K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paragon para:COHR	+0.0039%	1h	324.15	−0.026%	$461K	$165K	10x	as long as short
QFEX COHR-USDshort	+0.0048%	1h	324.40	+0.052%	$1.2M	$3.6M	10x
KuCoin COHRUSDTM	+0.0072%	8h	323.50	−0.225%	$355K	$357K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	324.37	+0.042%	—	—	10x	as long as short
GRVT COHR_USDT_Perp	+0.0399%	8h	324.41	+0.056%	$2K	$187K	10x	as long as short