Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.020%

Price spread now: OKX against Paragon+0.006%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$730.731% of the position

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now +0.006%, 7d avg +0.066%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and OKX is 0.060% cheaper against Paragon than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.066%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.069%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:COHR	324.77	0.0060	pay 0.0008% / 1h	59m 27s	$461K	$165K	10x
Short	OKX COHR-USDT-SWAP	324.79	0	get 0.0000% / 8h	6h 59m	$1.0M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$12.6
Price spread: +0.006% → +0.066%: −$6.02
Slippage, 4 orders: −$53.1
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$91.72
Costs to cover: 0.731%
Break-even: never at this rate

Slippage from Paragon: live order book, 56 min ago; OKX: live order book, 3 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, 56 min ago	7.88 bp	26.0 bp −$26	43.3 bp −$433	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.23 bp	11.4 bp −$11	62.6 bp −$626	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
Aster COHRUSDT	0.0000%	8h	325.07	+0.093%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.80	+0.009%	$36K	$195K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.91	+0.043%	$7.5M	$9.4M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	324.91	+0.043%	$1.2M	$350K	25x	as long as short
OKX COHR-USDT-SWAPshort	0.0000%	8h	324.79	+0.006%	$1.0M	$2.1M	25x
Gate COHR_USDT	0.0000%	8h	324.85	+0.025%	$621K	$1.1M	25x	as long as short
SunX COHR-USDT	0.0000%	8h	325.00	+0.071%	—	$2.6M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	325.29	+0.160%	$5K	$41K	10x	as long as short
Bitget COHRUSDT	+0.0001%	8h	324.77	0.000%	$1.8M	$1.3M	20x	as long as short
BloFin COHR-USDT	+0.0026%	8h	325.24	+0.145%	$45K	$114K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin COHRUSDTM	+0.0043%	8h	324.40	−0.114%	$359K	$357K	20x	as long as short
QFEX COHR-USD	+0.0048%	1h	324.89	+0.037%	$1.2M	$3.6M	10x	as long as short
Paragon para:COHRlong	+0.0060%	1h	324.77	long leg	$461K	$165K	10x
Aevo COHR-PERP	+0.0104%	1h	324.91	+0.043%	—	—	10x	as long as short
GRVT COHR_USDT_Perp	+0.0316%	8h	325.05	+0.086%	$2K	$183K	10x	as long as short