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 +0.009%

Price spread now: QFEX against Gate−0.009%7-day average −0.057% · 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−$44as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.219%+$22 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.009%, 7d avg −0.057%

Together, before fees+0.236%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COHR_USDT	324.53	0	get 0.0000% / 8h	4h 37m	$620K	$1.1M	25x
Short	QFEX COHR-USD	324.50	0.0040	get 0.0005% / 1h	37m 13s	$1.2M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now −0.009%Rate

Funding earned: $8.38
Price spread: −0.009% → −0.057%: $4.82
Slippage, 4 orders: −$23.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$35.23
Costs to cover: 0.484%
Break-even: 36.4 days

Slippage from Gate: live order book, 5 min ago; QFEX: live order book, 11 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 Gate live order book, 5 min ago	5.08 bp	15.3 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.39 bp	6.4 bp −$6	10.0 bp −$100	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	−0.0320%	8h	323.90	−0.194%	$359K	$337K	20x	as long as short
BloFin COHR-USDT	−0.0011%	8h	324.62	+0.028%	$46K	$113K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	324.46	−0.022%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.52	−0.004%	$33K	$187K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.60	+0.022%	$7.4M	$9.2M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	324.38	−0.046%	$1.2M	$338K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	324.63	+0.031%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDTlong	0.0000%	8h	324.53	long leg	$620K	$1.1M	25x
Bitget COHRUSDT	0.0000%	8h	324.47	−0.018%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	324.79	+0.080%	$2K	$175K	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	324.63	+0.031%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	324.58	+0.015%	$5K	$41K	10x	as long as short
Paragon para:COHR	+0.0022%	1h	324.26	−0.084%	$478K	$164K	10x	as long as short
QFEX COHR-USDshort	+0.0040%	1h	324.50	−0.009%	$1.2M	$3.5M	10x
Aevo COHR-PERP	+0.0104%	1h	324.46	−0.022%	—	—	10x	as long as short