Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.021%

Price spread now: Binance against Paragon+0.119%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$800.798% of the position

Long on Paragon Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.402%+$40 · spread now +0.119%, 7d avg +0.091%

Together, before fees+0.469%+$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.027% dearer against Paragon than usual: you sell high and buy low (spread +0.119% now, against its 7-day average of +0.091%): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% 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	Paragon para:COHR	321.82	0.0209	pay 0.0026% / 1h	48m 17s	$474K	$163K	10x
Short	Binance COHRUSDT	322.20	0	get 0.0000% / 8h	3h 48m	$7.5M	$9.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paragon. 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 ParagonbpFee BinancebpOrdersPrice spread, now +0.119%Rate

Funding earned: −$43.89
Price spread: +0.119% → +0.091%: $2.7
Slippage, 4 orders: −$59.77
Fee Paragon: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$120.96
Costs to cover: 0.798%
Break-even: never at this rate

Slippage from Paragon: live order book, 37 min ago; Binance: live order book, 6 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 Paragon live order book, 37 min ago	17.44 bp	29.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.77 bp	16.3 bp −$16	40.2 bp −$402	135.8 bp −$13.6K	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	−0.0319%	8h	321.80	−0.006%	$356K	$324K	20x	as long as short
BloFin COHR-USDT	−0.0026%	8h	321.71	−0.034%	$45K	$111K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	321.80	−0.004%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	322.14	+0.100%	$33K	$188K	10x	as long as short
Binance COHRUSDTshort	0.0000%	8h	322.20	+0.119%	$7.5M	$9.2M	25x
Bybit COHRUSDT	0.0000%	8h	321.94	+0.037%	$1.2M	$344K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	322.21	+0.121%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	321.89	+0.022%	$617K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	322.05	+0.072%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	323.30	+0.460%	$1K	$175K	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	322.25	+0.134%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	322.60	+0.243%	$5K	$41K	10x	as long as short
QFEX COHR-USD	+0.0029%	1h	322.10	+0.087%	$1.2M	$3.1M	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	321.95	+0.039%	—	—	10x	as long as short
Paragon para:COHRlong	+0.0209%	1h	321.82	long leg	$474K	$163K	10x