Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.009%

Price spread now: Binance against QFEX−0.079%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.079%, 7d avg +0.061%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.140% cheaper against QFEX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	316.34	0.0050	pay 0.0006% / 1h	58m 08s	$1.2M	$2.7M	10x
Short	Binance COHRUSDT	316.09	0	get 0.0000% / 8h	6h 58m	$7.3M	$11.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now −0.079%Rate

Funding earned: −$10.58
Price spread: −0.079% → +0.061%: −$14.01
Slippage, 4 orders: −$25.71
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.3
Costs to cover: 0.457%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; Binance: live order book, 12 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 QFEX live order book, 5 min ago	1.26 bp	6.3 bp −$6	16.9 bp −$169	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	0.16 bp	15.3 bp −$15	52.9 bp −$529	156.7 bp −$15.7K	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
Bitget COHRUSDT	−0.0557%	8h	316.37	+0.009%	$1.8M	$1.4M	20x	as long as short
BloFin COHR-USDT	−0.0018%	8h	316.26	−0.025%	$46K	$115K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	315.93	−0.130%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	316.00	−0.106%	$33K	$274K	10x	as long as short
Binance COHRUSDTshort	0.0000%	8h	316.09	−0.079%	$7.3M	$11.0M	25x
Bybit COHRUSDT	0.0000%	8h	316.32	−0.006%	$983K	$665K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	316.57	+0.073%	$1.0M	$2.0M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	316.56	+0.070%	$616K	$1.1M	25x	as long as short
SunX COHR-USDT	0.0000%	8h	316.55	+0.066%	—	$2.1M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	315.97	−0.117%	$5K	$39K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COHR-USDlong	+0.0050%	1h	316.34	long leg	$1.2M	$2.7M	10x
Paragon para:COHR	+0.0060%	1h	316.11	−0.072%	$466K	$159K	10x	as long as short
KuCoin COHRUSDTM	+0.0100%	8h	316.00	−0.107%	$366K	$332K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	316.38	+0.013%	—	—	10x	as long as short
GRVT COHR_USDT_Perp	+0.0739%	8h	316.13	−0.066%	$2K	$160K	10x	as long as short