Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0269%/8h= +29.5% APRpaid last 24h −0.021%

Price spread now: QFEX against KuCoin+0.189%7-day average +0.076% · 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−$253as in the Price arb table

costs, in and out, $10k−$2642.640% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.189%, 7d avg +0.076%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and QFEX is 0.113% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.076%. Mind the row above: over the last 4 days funding on this pair cost −0.080%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.080% in total (about -8.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COHRUSDTM	323.10	−0.0243	get 0.0243% / 8h	5h 27m	$357K	$343K	20x
Short	QFEX COHR-USD	323.71	0.0026	get 0.0003% / 1h	27m 41s	$1.2M	$3.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against KuCoin. 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 KuCoinbpFee QFEXbpOrdersPrice spread, now +0.189%Rate

Funding earned: $56.51
Price spread: +0.189% → +0.076%: $11.32
Slippage, 4 orders: −$242.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$196.19
Costs to cover: 2.640%
Break-even: 31.3 days

Slippage from KuCoin: live order book, 69 min ago; QFEX: live order book, 5 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 KuCoin live order book, 69 min ago	6.21 bp	184.6 bp −$185	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 5 min ago	1.70 bp	8.5 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
KuCoin COHRUSDTMlong	−0.0243%	8h	323.10	long leg	$357K	$343K	20x
Aster COHRUSDT	0.0000%	8h	323.83	+0.226%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	323.75	+0.202%	$36K	$192K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	323.84	+0.229%	$7.4M	$9.2M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	323.71	+0.189%	$1.2M	$338K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	323.86	+0.235%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	323.70	+0.186%	$619K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	323.56	+0.142%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	324.11	+0.312%	$1K	$175K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	323.76	+0.204%	—	$2.4M	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	323.38	+0.087%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0007%	8h	324.06	+0.297%	$46K	$112K	20x	as long as short
QFEX COHR-USDshort	+0.0026%	1h	323.71	+0.189%	$1.2M	$3.6M	10x
Aevo COHR-PERP	+0.0104%	1h	323.74	+0.198%	—	—	10x	as long as short
Paragon para:COHR	+0.0128%	1h	323.75	+0.200%	$478K	$163K	10x	as long as short