Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.021%

Price spread now: Paragon against Bybit−0.029%53s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1291.294% of the position

Long on Bybit Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.029%, 7d avg −0.039%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COHRUSDT	324.23	0	get 0.0000% / 8h	4h 09m	$1.2M	$337K	25x
Short	Paragon para:COHR	324.13	0.0040	get 0.0005% / 1h	9m 52s	$478K	$163K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against Bybit. 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 BybitbpFee ParagonbpOrdersPrice spread, now −0.029%Rate

Funding earned: $8.36
Price spread: −0.029% → −0.039%: $0.99
Slippage, 4 orders: −$108.41
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$120.06
Costs to cover: 1.294%
Break-even: 107.5 days

Slippage from Bybit: live order book, 1 min ago; Paragon: live order book, 16 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 Bybit live order book, 1 min ago	3.39 bp	31.0 bp −$31	187.1 bp −$1,871	doesn't fit	doesn't fit
Sell Paragon live order book, 16 min ago	17.44 bp	22.4 bp −$22	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	−0.0356%	8h	323.80	−0.133%	$359K	$333K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	324.31	+0.024%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.44	+0.065%	$36K	$187K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.53	+0.093%	$7.4M	$9.1M	25x	as long as short
Bybit COHRUSDTlong	0.0000%	8h	324.23	long leg	$1.2M	$337K	25x
OKX COHR-USDT-SWAP	0.0000%	8h	324.40	+0.052%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	324.45	+0.068%	$620K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	324.37	+0.043%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	324.36	+0.041%	$2K	$175K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	324.51	+0.086%	—	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COHR-USDT	0.0000%	8h	324.64	+0.126%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0024%	8h	324.51	+0.086%	$46K	$113K	20x	as long as short
Paragon para:COHRshort	+0.0040%	1h	324.13	−0.029%	$478K	$163K	10x
QFEX COHR-USD	+0.0040%	1h	324.37	+0.043%	$1.2M	$3.2M	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	324.36	+0.040%	—	—	10x	as long as short