Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0060%/8h= +6.6% APRpaid last 24h +0.016%

Price spread now: Paragon against SunX−0.223%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$211as in the Price arb table

costs, in and out, $10k−$1941.937% of the position

Long on SunX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.267%+$27 · spread now −0.223%, 7d avg −0.050%

Together, before fees+0.238%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Paragon is 0.172% cheaper against SunX than usual: you would sell low and buy high (spread −0.223% now, against its 7-day average of −0.050%). If the spread goes back, that is −$17 on $10k: about 9.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COHR-USDT	312.27	0	get 0.0000% / 8h	7h 24m	—	$2.3M	10x
Short	Paragon para:COHR	311.57	0.0060	get 0.0008% / 1h	24m 16s	$459K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against SunX. 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 SunXbpFee ParagonbpOrdersPrice spread, now −0.223%Rate

Funding earned: $12.6
Price spread: −0.223% → −0.050%: −$17.22
Slippage, 4 orders: −$175.66
Fee SunX: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$198.28
Costs to cover: 1.937%
Break-even: 117.2 days

Slippage from SunX: live order book, 3 min ago; Paragon: live order book, 21 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 SunX live order book, 3 min ago	45.53 bp	64.3 bp −$64	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 21 min ago	23.89 bp	29.5 bp −$29	70.4 bp −$704	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	−0.0669%	8h	312.63	+0.115%	$1.8M	$1.5M	20x	as long as short
GRVT COHR_USDT_Perp	−0.0078%	8h	311.11	−0.370%	$2K	$161K	10x	as long as short
Aster COHRUSDT	0.0000%	8h	312.22	−0.016%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	312.44	+0.055%	$32K	$280K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	312.47	+0.065%	$7.2M	$11.0M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	312.13	−0.045%	$965K	$660K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	312.80	+0.170%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	312.48	+0.067%	$602K	$1.1M	25x	as long as short
SunX COHR-USDTlong	0.0000%	8h	312.27	long leg	—	$2.3M	10x
HTX COHR-USDT	0.0000%	8h	311.39	−0.282%	$5K	$38K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin COHR-USDT	+0.0013%	8h	311.96	−0.099%	$46K	$114K	20x	as long as short
QFEX COHR-USD	+0.0055%	1h	312.02	−0.080%	$1.2M	$2.7M	10x	as long as short
Paragon para:COHRshort	+0.0060%	1h	311.57	−0.223%	$459K	$159K	10x
KuCoin COHRUSDTM	+0.0100%	8h	311.90	−0.118%	$361K	$308K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	312.25	−0.007%	—	—	10x	as long as short