Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.009%

Price spread now: SunX against QFEX−0.045%7-day average +0.010% · 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−$151as in the Price arb table

costs, in and out, $10k−$1461.456% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.045%, 7d avg +0.010%

Together, before fees−0.010%−$1 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 SunX is 0.055% cheaper against QFEX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	312.33	0.0055	pay 0.0007% / 1h	34m 55s	$1.2M	$2.7M	10x
Short	SunX COHR-USDT	312.19	0	get 0.0000% / 8h	7h 34m	—	$2.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$11.52
Price spread: −0.045% → +0.010%: −$5.5
Slippage, 4 orders: −$127.63
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$162.66
Costs to cover: 1.456%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; SunX: live order book, 2 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, 3 min ago	1.60 bp	7.2 bp −$7	15.5 bp −$155	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	46.74 bp	65.8 bp −$66	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
Bitget COHRUSDT	−0.0689%	8h	311.90	−0.138%	$1.8M	$1.5M	20x	as long as short
BloFin COHR-USDT	−0.0011%	8h	312.31	−0.006%	$46K	$114K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	312.43	+0.033%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	312.04	−0.093%	$32K	$280K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	312.20	−0.042%	$7.3M	$10.9M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	311.95	−0.122%	$975K	$653K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	312.18	−0.048%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	312.08	−0.080%	$603K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	313.06	+0.235%	$2K	$161K	10x	as long as short
SunX COHR-USDTshort	0.0000%	8h	312.19	−0.045%	—	$2.3M	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COHR-USDT	0.0000%	8h	311.84	−0.157%	$5K	$38K	10x	as long as short
QFEX COHR-USDlong	+0.0055%	1h	312.33	long leg	$1.2M	$2.7M	10x
KuCoin COHRUSDTM	+0.0100%	8h	312.20	−0.042%	$362K	$298K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	312.52	+0.060%	—	—	10x	as long as short
Paragon para:COHR	+0.0125%	1h	312.28	−0.015%	$461K	$161K	10x	as long as short