Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0029%/8h= −3.1% APRpaid last 24h −0.009%

Price spread now: Bitget against QFEX−0.040%7-day average +0.025% · 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−$52as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.040%, 7d avg +0.025%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.065% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	323.13	0.0029	pay 0.0004% / 1h	52m 03s	$1.2M	$3.1M	10x
Short	Bitget COHRUSDT	323.00	0	get 0.0000% / 8h	3h 52m	$1.8M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$6
Price spread: −0.040% → +0.025%: −$6.48
Slippage, 4 orders: −$23.76
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$58.24
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; Bitget: 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 QFEX live order book, 6 min ago	2.01 bp	7.3 bp −$7	12.8 bp −$128	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.87 bp	12.5 bp −$13	25.9 bp −$259	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	−0.0330%	8h	322.90	−0.071%	$357K	$326K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	323.09	−0.013%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	322.99	−0.043%	$36K	$183K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	323.10	−0.009%	$7.5M	$9.2M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	322.91	−0.068%	$1.1M	$341K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	323.02	−0.034%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	323.02	−0.034%	$619K	$1.0M	25x	as long as short
Bitget COHRUSDTshort	0.0000%	8h	323.00	−0.040%	$1.8M	$1.3M	20x
GRVT COHR_USDT_Perp	0.0000%	8h	323.24	+0.033%	$1K	$175K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	323.17	+0.012%	—	$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	323.61	+0.149%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0024%	8h	322.96	−0.053%	$46K	$112K	20x	as long as short
QFEX COHR-USDlong	+0.0029%	1h	323.13	long leg	$1.2M	$3.1M	10x
Aevo COHR-PERP	+0.0104%	1h	322.95	−0.056%	—	—	10x	as long as short
Paragon para:COHR	+0.0234%	1h	323.01	−0.037%	$476K	$163K	10x	as long as short