Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h 0.000%

Price spread now: QFEX against GRVT+0.004%57s7-day average −0.031% · 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−$530.531% of the position

Long on GRVT Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.004%, 7d avg −0.031%

Together, before fees−0.204%+ Points / potential airdropGRVT: Active · farm board−$20 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 0.035% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.031%. The two prices were read 57 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	321.74	0	get 0.0000% / 8h	1h 13m	$2K	$205K	10x
Short	QFEX COHR-USD	321.75	0.0026	get 0.0003% / 1h	13m 57s	$1.2M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $5.43
Price spread: +0.004% → −0.031%: $3.48
Slippage, 4 orders: −$34.12
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$44.21
Costs to cover: 0.531%
Break-even: 64.0 days

Slippage from GRVT: live order book, 3 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 GRVT live order book, 3 min ago	2.33 bp	14.3 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.87 bp	9.3 bp −$9	16.4 bp −$164	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	−0.0023%	8h	321.69	−0.014%	$45K	$116K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	321.69	−0.016%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	321.75	+0.006%	$38K	$203K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	321.82	+0.026%	$7.4M	$9.5M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	321.57	−0.052%	$1.2M	$391K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	321.83	+0.029%	$1.0M	$2.2M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	321.71	−0.008%	$627K	$1.3M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	321.60	−0.042%	$1.7M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perplong	0.0000%	8h	321.74	long leg	$2K	$205K	10x
SunX COHR-USDT	0.0000%	8h	321.85	+0.035%	—	$2.6M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COHR-USDT	0.0000%	8h	321.91	+0.054%	$5K	$40K	10x	as long as short
QFEX COHR-USDshort	+0.0026%	1h	321.75	+0.004%	$1.2M	$3.7M	10x
Paragon para:COHR	+0.0095%	1h	321.82	+0.027%	$458K	$164K	10x	as long as short
KuCoin COHRUSDTM	+0.0100%	8h	321.20	−0.167%	$344K	$343K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	321.76	+0.008%	—	—	10x	as long as short