Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.009%

Price spread now: QFEX against Gate+0.029%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−$47as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Gate Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.221%+$22 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.029%, 7d avg −0.057%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.086% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COHR_USDT	315.75	0	get 0.0000% / 8h	10m 50s	$608K	$1.1M	25x
Short	QFEX COHR-USD	315.84	0.0035	get 0.0004% / 1h	10m 50s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Gate. 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 GatebpFee QFEXbpOrdersPrice spread, now +0.029%Rate

Funding earned: $7.32
Price spread: +0.029% → −0.057%: $8.56
Slippage, 4 orders: −$30.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$39.43
Costs to cover: 0.553%
Break-even: 44.7 days

Slippage from Gate: live order book, 1 min ago; QFEX: 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 Gate live order book, 1 min ago	8.87 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 2 min ago	1.74 bp	10.1 bp −$10	16.5 bp −$165	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	−0.0745%	8h	315.77	+0.006%	$1.8M	$1.5M	20x	as long as short
Aster COHRUSDT	0.0000%	8h	315.92	+0.052%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	315.65	−0.032%	$33K	$281K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	315.72	−0.010%	$7.3M	$10.7M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	315.60	−0.048%	$1.1M	$367K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	315.94	+0.060%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDTlong	0.0000%	8h	315.75	long leg	$608K	$1.1M	25x
GRVT COHR_USDT_Perp	0.0000%	8h	316.22	+0.149%	$2K	$166K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	315.84	+0.029%	—	$2.4M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	316.29	+0.171%	$5K	$40K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin COHR-USDT	+0.0001%	8h	315.87	+0.038%	$46K	$115K	20x	as long as short
QFEX COHR-USDshort	+0.0035%	1h	315.84	+0.029%	$1.2M	$2.7M	10x
Paragon para:COHR	+0.0060%	1h	315.67	−0.027%	$466K	$163K	10x	as long as short
KuCoin COHRUSDTM	+0.0083%	8h	315.60	−0.048%	$350K	$274K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	315.69	−0.019%	—	—	10x	as long as short