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: OKX against QFEX−0.012%7-day average +0.055% · 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−$47as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days+0.060%+$6 · spread now −0.012%, 7d avg +0.055%

Together, before fees+0.048%+$5 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 OKX is 0.067% cheaper against QFEX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	324.44	0.0040	pay 0.0005% / 1h	7m 20s	$1.2M	$3.2M	10x
Short	OKX COHR-USDT-SWAP	324.40	0	get 0.0000% / 8h	4h 07m	$1.0M	$2.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$8.38
Price spread: −0.012% → +0.055%: −$6.74
Slippage, 4 orders: −$20.3
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$55.42
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from QFEX: live order book, 6 min ago; OKX: live order book, 5 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, 6 min ago	1.39 bp	7.0 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.16 bp	11.4 bp −$11	41.0 bp −$410	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	−0.0358%	8h	323.80	−0.197%	$359K	$332K	20x	as long as short
BloFin COHR-USDT	−0.0008%	8h	324.47	+0.009%	$46K	$113K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	324.40	−0.011%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.45	+0.005%	$36K	$187K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.56	+0.037%	$7.4M	$9.1M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	324.41	−0.009%	$1.2M	$337K	25x	as long as short
OKX COHR-USDT-SWAPshort	0.0000%	8h	324.40	−0.012%	$1.0M	$2.1M	25x
Gate COHR_USDT	0.0000%	8h	324.48	+0.012%	$620K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	324.38	−0.018%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	324.45	+0.003%	$2K	$174K	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	324.49	+0.015%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	324.03	−0.126%	$5K	$41K	10x	as long as short
QFEX COHR-USDlong	+0.0040%	1h	324.44	long leg	$1.2M	$3.2M	10x
Paragon para:COHR	+0.0050%	1h	324.13	−0.097%	$478K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	324.41	−0.010%	—	—	10x	as long as short