Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.010%

Price spread now: BloFin against QFEX−0.054%99s7-day average +0.017% · 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—prices read too far apart to compare

costs, in and out, $10k−$440.441% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.054%, 7d avg +0.017%

Together, before fees+0.048%+$5 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 BloFin is 0.071% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 99 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	QFEX COHR-USD	316.23	0.0030	pay 0.0004% / 1h	49m 36s	$1.2M	$2.8M	10x
Short	BloFin COHR-USDT	316.06	−0.0013	pay 0.0013% / 8h	1h 49m	$46K	$113K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$9.05
Price spread: −0.054% → +0.017%: −$7.12
Slippage, 4 orders: −$22.14
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$60.31
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; BloFin: live order book, 22 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, 3 min ago	1.74 bp	8.8 bp −$9	16.1 bp −$161	doesn't fit	doesn't fit
Sell BloFin live order book, 22 min ago	0.63 bp	15.3 bp −$15	doesn't fit	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
Bitget COHRUSDT	−0.0845%	8h	316.22	−0.003%	$1.8M	$1.4M	20x	as long as short
KuCoin COHRUSDTM	−0.0108%	8h	316.00	−0.073%	$351K	$297K	20x	as long as short
BloFin COHR-USDTshort	−0.0013%	8h	316.06	−0.054%	$46K	$113K	20x
Aster COHRUSDT	0.0000%	8h	316.03	−0.062%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	316.11	−0.039%	$34K	$241K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	316.03	−0.063%	$7.3M	$10.6M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	315.97	−0.082%	$1.1M	$366K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	316.33	+0.032%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	316.08	−0.047%	$613K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	316.33	+0.032%	$2K	$173K	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	316.41	+0.057%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	315.98	−0.079%	$5K	$40K	10x	as long as short
QFEX COHR-USDlong	+0.0030%	1h	316.23	long leg	$1.2M	$2.8M	10x
Paragon para:COHR	+0.0060%	1h	315.90	−0.104%	$466K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	316.01	−0.068%	—	—	10x	as long as short