Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.009%

Price spread now: QFEX against SunX−0.035%7-day average −0.013% · 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−$152as in the Price arb table

costs, in and out, $10k−$1501.498% of the position

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.035%, 7d avg −0.013%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.022% cheaper against SunX than usual: you would sell low and buy high (spread −0.035% now, against its 7-day average of −0.013%). If the spread goes back, that is −$2 on $10k: about 2.1 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.014% in total) that is about 6.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COHR-USDT	316.07	0	get 0.0000% / 8h	20m 40s	—	$2.4M	10x
Short	QFEX COHR-USD	315.96	0.0035	get 0.0004% / 1h	20m 40s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.035%Rate

Funding earned: $7.32
Price spread: −0.035% → −0.013%: −$2.17
Slippage, 4 orders: −$131.82
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$144.66
Costs to cover: 1.498%
Break-even: 145.2 days

Slippage from SunX: live order book, 6 min ago; QFEX: live order book, 7 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, 6 min ago	46.06 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.74 bp	8.6 bp −$9	17.6 bp −$176	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	−0.0759%	8h	315.65	−0.133%	$1.8M	$1.5M	20x	as long as short
Aster COHRUSDT	0.0000%	8h	315.69	−0.119%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	315.84	−0.074%	$34K	$279K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	315.75	−0.101%	$7.3M	$10.7M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	315.57	−0.158%	$1.1M	$367K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	315.94	−0.041%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	315.76	−0.098%	$609K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	315.76	−0.098%	$2K	$166K	10x	as long as short
SunX COHR-USDTlong	0.0000%	8h	316.07	long leg	—	$2.4M	10x
HTX COHR-USDT	0.0000%	8h	315.60	−0.149%	$5K	$40K	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	+0.0012%	8h	315.85	−0.070%	$46K	$115K	20x	as long as short
QFEX COHR-USDshort	+0.0035%	1h	315.96	−0.035%	$1.2M	$2.7M	10x
Paragon para:COHR	+0.0060%	1h	315.60	−0.149%	$465K	$163K	10x	as long as short
KuCoin COHRUSDTM	+0.0060%	8h	315.50	−0.180%	$349K	$278K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	315.62	−0.142%	—	—	10x	as long as short