Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0927%/8h= +101.5% APRpaid last 24h +0.009%

Price spread now: QFEX against Bitget−0.003%7-day average −0.024% · 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−$52as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Bitget Short on QFEX

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 7 days−0.009%−$1 · spread now −0.003%, 7d avg −0.024%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and QFEX is 0.021% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.024%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.013% in total (about 1.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COHRUSDT	315.04	−0.0897	get 0.0897% / 8h	1h 43m	$1.8M	$1.4M	20x
Short	QFEX COHR-USD	315.03	0.0030	get 0.0004% / 1h	43m 58s	$1.2M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bitget. 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 BitgetbpFee QFEXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $194.6
Price spread: −0.003% → −0.024%: $2.06
Slippage, 4 orders: −$32.24
Fee Bitget: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: $142.41
Costs to cover: 0.542%
Break-even: 1.9 days

Slippage from Bitget: live order book, 3 min ago; QFEX: live order book, 4 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 Bitget live order book, 3 min ago	4.92 bp	17.9 bp −$18	29.9 bp −$299	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.59 bp	7.0 bp −$7	15.3 bp −$153	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 COHRUSDTlong	−0.0897%	8h	315.04	long leg	$1.8M	$1.4M	20x
KuCoin COHRUSDTM	−0.0094%	8h	314.90	−0.044%	$349K	$296K	20x	as long as short
BloFin COHR-USDT	−0.0025%	8h	315.10	+0.019%	$46K	$113K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	315.05	+0.002%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	315.09	+0.015%	$33K	$243K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	315.12	+0.025%	$7.3M	$10.6M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	314.94	−0.032%	$1.1M	$367K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	315.17	+0.041%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	315.00	−0.013%	$611K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	315.54	+0.159%	$2K	$169K	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	315.12	+0.025%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	315.87	+0.263%	$5K	$40K	10x	as long as short
QFEX COHR-USDshort	+0.0030%	1h	315.03	−0.003%	$1.2M	$2.8M	10x
Paragon para:COHR	+0.0069%	1h	314.97	−0.023%	$465K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	315.01	−0.010%	—	—	10x	as long as short