Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0029%/8h= +3.1% APRpaid last 24h +0.009%

Price spread now: QFEX against Gate+0.059%7-day average −0.058% · 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−$40as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.219%+$22 on $10k

Price spread, last 7 days−0.060%−$6 · spread now +0.059%, 7d avg −0.058%

Together, before fees+0.159%+$16 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 0.117% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COHR_USDT	321.56	0	get 0.0000% / 8h	3h 28m	$621K	$1.1M	25x
Short	QFEX COHR-USD	321.75	0.0029	get 0.0004% / 1h	28m 28s	$1.2M	$3.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.059%Rate

Funding earned: $6
Price spread: +0.059% → −0.058%: $11.66
Slippage, 4 orders: −$27.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$34.48
Costs to cover: 0.521%
Break-even: 47.2 days

Slippage from Gate: live order book, 4 min ago; QFEX: live order book, 4 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 Gate live order book, 4 min ago	5.45 bp	16.2 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	2.33 bp	8.9 bp −$9	16.9 bp −$169	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	−0.0267%	8h	321.50	−0.019%	$357K	$316K	20x	as long as short
BloFin COHR-USDT	−0.0011%	8h	321.69	+0.040%	$46K	$112K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	321.98	+0.130%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	321.51	−0.017%	$33K	$186K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	321.99	+0.134%	$7.4M	$9.3M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	321.87	+0.096%	$1.2M	$348K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	321.97	+0.128%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDTlong	0.0000%	8h	321.56	long leg	$621K	$1.1M	25x
Bitget COHRUSDT	0.0000%	8h	322.08	+0.162%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	321.62	+0.019%	$2K	$176K	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	321.92	+0.112%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	321.71	+0.047%	$4K	$41K	10x	as long as short
QFEX COHR-USDshort	+0.0029%	1h	321.75	+0.059%	$1.2M	$3.0M	10x
Paragon para:COHR	+0.0060%	1h	321.63	+0.020%	$474K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	321.70	+0.043%	—	—	10x	as long as short