Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h −0.009%

Price spread now: SunX against QFEX−0.010%7-day average +0.014% · 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−$150as in the Price arb table

costs, in and out, $10k−$1471.472% of the position

Long on QFEX Short on SunX

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)−0.001%$0 · spread now −0.010%, 7d avg +0.014%

Together, before fees−0.014%−$1 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 SunX is 0.023% cheaper against QFEX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	315.51	0.0030	pay 0.0004% / 1h	46m 50s	$1.2M	$2.8M	10x
Short	SunX COHR-USDT	315.48	0	get 0.0000% / 8h	1h 46m	—	$2.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$6.23
Price spread: −0.010% → +0.014%: −$2.34
Slippage, 4 orders: −$129.16
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$155.74
Costs to cover: 1.472%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; SunX: live order book, 10 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	1.74 bp	8.8 bp −$9	16.1 bp −$161	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	45.78 bp	64.9 bp −$65	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	−0.0858%	8h	315.98	+0.149%	$1.8M	$1.4M	20x	as long as short
KuCoin COHRUSDTM	−0.0103%	8h	315.30	−0.067%	$350K	$296K	20x	as long as short
BloFin COHR-USDT	−0.0018%	8h	315.40	−0.035%	$46K	$113K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	315.33	−0.058%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	315.35	−0.049%	$34K	$240K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	315.31	−0.063%	$7.3M	$10.6M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	315.23	−0.089%	$1.1M	$367K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	315.54	+0.010%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	315.46	−0.016%	$612K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	316.33	+0.260%	$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-USDTshort	0.0000%	8h	315.48	−0.010%	—	$2.4M	10x
HTX COHR-USDT	0.0000%	8h	315.31	−0.063%	$5K	$40K	10x	as long as short
QFEX COHR-USDlong	+0.0030%	1h	315.51	long leg	$1.2M	$2.8M	10x
Paragon para:COHR	+0.0060%	1h	315.38	−0.043%	$465K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	315.40	−0.036%	—	—	10x	as long as short