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: Bitget against GRVT−0.084%93s7-day average −0.060% · you buy dearer than you sell

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−$740.736% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)−0.350%−$35 · spread now −0.084%, 7d avg −0.060%

Together, before fees−0.409%+ Points / potential airdropGRVT: Active · farm board−$41 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: Bitget is 0.023% cheaper against GRVT than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.060%. The two prices were read 93 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	GRVT COHR_USDT_Perp	323.79	0	get 0.0000% / 8h	5h 33m	$2K	$175K	10x
Short	Bitget COHRUSDT	323.52	0	get 0.0000% / 8h	5h 33m	$1.8M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.060%: −$2.31
Slippage, 4 orders: −$52.63
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$75.94
Costs to cover: 0.736%
Break-even: never at this rate

Slippage from GRVT: live order book, 24 min ago; Bitget: live order book, 3 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 GRVT live order book, 24 min ago	5.10 bp	19.6 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.02 bp	15.7 bp −$16	40.6 bp −$406	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	−0.0214%	8h	323.30	−0.152%	$358K	$346K	20x	as long as short
BloFin COHR-USDT	−0.0028%	8h	323.77	−0.006%	$46K	$112K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	324.11	+0.097%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.01	+0.067%	$36K	$192K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.10	+0.096%	$7.4M	$9.3M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	323.89	+0.031%	$1.2M	$338K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	324.00	+0.065%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	323.90	+0.034%	$619K	$1.1M	25x	as long as short
Bitget COHRUSDTshort	0.0000%	8h	323.52	−0.084%	$1.8M	$1.3M	20x
GRVT COHR_USDT_Perplong	0.0000%	8h	323.79	long leg	$2K	$175K	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	323.96	+0.052%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	324.15	+0.111%	$5K	$41K	10x	as long as short
QFEX COHR-USD	+0.0026%	1h	323.81	+0.006%	$1.2M	$3.6M	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	323.94	+0.047%	—	—	10x	as long as short
Paragon para:COHR	+0.0203%	1h	323.56	−0.070%	$478K	$163K	10x	as long as short