Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0874%/8h= −95.7% APRpaid last 24h −0.009%

Price spread now: Bitget against QFEX+0.038%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$560.561% of the position

Long on QFEX Short on Bitget

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−0.026%−$3 · spread now +0.038%, 7d avg +0.024%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$26 a day on $10k at the current rate.

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	QFEX COHR-USD	316.26	0.0035	pay 0.0004% / 1h	55m 36s	$1.2M	$2.7M	10x
Short	Bitget COHRUSDT	316.38	−0.0839	pay 0.0839% / 8h	55m 36s	$1.8M	$1.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$183.51
Price spread: +0.038% → +0.024%: $1.42
Slippage, 4 orders: −$34.11
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$238.21
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from QFEX: live order book, 2 min ago; Bitget: live order book, 1 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 QFEX live order book, 2 min ago	1.58 bp	8.8 bp −$9	19.1 bp −$191	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	9.00 bp	18.9 bp −$19	52.0 bp −$520	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 COHRUSDTshort	−0.0839%	8h	316.38	+0.038%	$1.8M	$1.5M	20x
KuCoin COHRUSDTM	−0.0017%	8h	316.20	−0.019%	$351K	$284K	20x	as long as short
Paragon para:COHR	−0.0008%	1h	316.28	+0.006%	$466K	$163K	10x	as long as short
Aster COHRUSDT	0.0000%	8h	316.71	+0.142%	$39K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	316.36	+0.031%	$33K	$278K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	316.31	+0.016%	$7.3M	$10.6M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	316.34	+0.025%	$1.1M	$368K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	316.83	+0.180%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	316.41	+0.047%	$616K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	316.59	+0.105%	$2K	$167K	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	316.80	+0.171%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	317.47	+0.383%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0030%	8h	316.84	+0.183%	$46K	$115K	20x	as long as short
QFEX COHR-USDlong	+0.0035%	1h	316.26	long leg	$1.2M	$2.7M	10x
Aevo COHR-PERP	+0.0104%	1h	316.49	+0.074%	—	—	10x	as long as short