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: Gate against QFEX+0.037%7-day average +0.058% · 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−$54as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.219%−$22 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.037%, 7d avg +0.058%

Together, before fees−0.256%−$26 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 Gate is 0.020% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.058%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	321.68	0.0029	pay 0.0004% / 1h	29m 09s	$1.2M	$3.0M	10x
Short	Gate COHR_USDT	321.80	0	get 0.0000% / 8h	3h 29m	$622K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: −$6
Price spread: +0.037% → +0.058%: −$2.02
Slippage, 4 orders: −$27.14
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.16
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from QFEX: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago	2.33 bp	9.0 bp −$9	18.1 bp −$181	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.45 bp	18.0 bp −$18	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
KuCoin COHRUSDTM	−0.0270%	8h	321.40	−0.087%	$356K	$316K	20x	as long as short
BloFin COHR-USDT	−0.0011%	8h	321.69	+0.003%	$46K	$112K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	321.76	+0.026%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	321.71	+0.010%	$33K	$186K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	321.77	+0.027%	$7.4M	$9.3M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	321.72	+0.012%	$1.2M	$346K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	322.13	+0.140%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDTshort	0.0000%	8h	321.80	+0.037%	$622K	$1.1M	25x
Bitget COHRUSDT	0.0000%	8h	321.76	+0.025%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	321.62	−0.018%	$2K	$176K	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	321.92	+0.075%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	321.71	+0.009%	$4K	$41K	10x	as long as short
QFEX COHR-USDlong	+0.0029%	1h	321.68	long leg	$1.2M	$3.0M	10x
Paragon para:COHR	+0.0060%	1h	321.67	−0.003%	$474K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	321.70	+0.006%	—	—	10x	as long as short