Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0347%/8h= −38.0% APRpaid last 24h +0.009%

Price spread now: KuCoin against Paragon+0.011%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3033.033% of the position

Long on Paragon Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 4 days (all we have)+0.256%+$26 · spread now +0.011%, 7d avg −0.027%

Together, before fees+0.461%+$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.038% dearer against Paragon than usual: you sell high and buy low (spread +0.011% now, against its 7-day average of −0.027%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.205%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.205% in total (about 10.7% 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	Paragon para:COHR	320.87	0.0060	pay 0.0008% / 1h	36m 44s	$473K	$163K	10x
Short	KuCoin COHRUSDTM	320.90	−0.0287	pay 0.0287% / 8h	3h 36m	$356K	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Paragon. 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 ParagonbpFee KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$72.87
Price spread: +0.011% → −0.027%: $3.78
Slippage, 4 orders: −$281.3
Fee Paragon: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$372.38
Costs to cover: 3.033%
Break-even: never at this rate

Slippage from Paragon: live order book, 49 min ago; KuCoin: live order book, 36 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 Paragon live order book, 49 min ago	17.44 bp	29.5 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 36 min ago	4.63 bp	54.8 bp −$55	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 COHRUSDTMshort	−0.0287%	8h	320.90	+0.011%	$356K	$320K	20x
Aster COHRUSDT	0.0000%	8h	320.90	+0.010%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	320.92	+0.016%	$33K	$188K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	321.06	+0.061%	$7.4M	$9.3M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	321.03	+0.051%	$1.1M	$345K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	321.06	+0.061%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	320.91	+0.014%	$620K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	320.84	−0.008%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	321.04	+0.053%	$1K	$175K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	320.91	+0.014%	—	$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	321.60	+0.229%	$4K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0018%	8h	320.75	−0.036%	$46K	$111K	20x	as long as short
QFEX COHR-USD	+0.0029%	1h	320.96	+0.029%	$1.2M	$3.1M	10x	as long as short
Paragon para:COHRlong	+0.0060%	1h	320.87	long leg	$473K	$163K	10x
Aevo COHR-PERP	+0.0104%	1h	320.81	−0.016%	—	—	10x	as long as short