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: Gate against QFEX0.000%7-day average +0.057% · 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−$54as in the Price arb table

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

Long on QFEX Short on Gate

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−0.008%−$1 · spread now 0.000%, 7d avg +0.057%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.057% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	324.51	0.0040	pay 0.0005% / 1h	37m 47s	$1.2M	$3.5M	10x
Short	Gate COHR_USDT	324.51	0	get 0.0000% / 8h	4h 37m	$620K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$8.38
Price spread: 0.000% → +0.057%: −$5.74
Slippage, 4 orders: −$23.43
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.55
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from QFEX: live order book, 10 min ago; Gate: live order book, 4 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, 10 min ago	1.39 bp	6.4 bp −$6	10.0 bp −$100	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.08 bp	20.3 bp −$20	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	−0.0319%	8h	323.90	−0.188%	$359K	$336K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	324.52	+0.002%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.46	−0.015%	$33K	$187K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.54	+0.009%	$7.4M	$9.2M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	324.34	−0.052%	$1.2M	$339K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	324.63	+0.037%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDTshort	0.0000%	8h	324.51	0.000%	$620K	$1.1M	25x
Bitget COHRUSDT	0.0000%	8h	324.45	−0.018%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	324.79	+0.086%	$2K	$175K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	324.58	+0.022%	—	$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	324.58	+0.022%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0007%	8h	324.62	+0.034%	$46K	$113K	20x	as long as short
Paragon para:COHR	+0.0022%	1h	324.26	−0.078%	$478K	$164K	10x	as long as short
QFEX COHR-USDlong	+0.0040%	1h	324.51	long leg	$1.2M	$3.5M	10x
Aevo COHR-PERP	+0.0104%	1h	324.46	−0.015%	—	—	10x	as long as short