Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0364%/8h= +39.8% APRpaid last 24h −0.011%

Price spread now: Paragon against KuCoin+0.195%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2852.854% of the position

Long on KuCoin Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 4 days (all we have)−0.318%−$32 · spread now +0.195%, 7d avg +0.025%

Together, before fees−0.518%−$52 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Paragon is 0.170% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.199%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% 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	KuCoin COHRUSDTM	323.30	−0.0139	get 0.0139% / 8h	6h 14m	$357K	$352K	20x
Short	Paragon para:COHR	323.93	0.0225	get 0.0028% / 1h	14m 20s	$478K	$174K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against KuCoin. 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 KuCoinbpFee ParagonbpOrdersPrice spread, now +0.195%Rate

Funding earned: $76.36
Price spread: +0.195% → +0.025%: $16.98
Slippage, 4 orders: −$263.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$192.06
Costs to cover: 2.854%
Break-even: 24.6 days

Slippage from KuCoin: live order book, 22 min ago; Paragon: live order book, 31 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 KuCoin live order book, 22 min ago	6.21 bp	184.6 bp −$185	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 31 min ago	7.26 bp	20.5 bp −$21	48.4 bp −$484	doesn't fit	doesn't fit

COHR on 14 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 COHRUSDTMlong	−0.0139%	8h	323.30	long leg	$357K	$352K	20x
Aster COHRUSDT	0.0000%	8h	324.17	+0.270%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.06	+0.235%	$33K	$193K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.16	+0.265%	$7.4M	$9.4M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	323.83	+0.164%	$1.2M	$339K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	324.10	+0.247%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	324.16	+0.266%	$619K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	323.93	+0.195%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	324.00	+0.218%	$2K	$178K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	324.14	+0.260%	—	$2.5M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COHR-USDT	0.0000%	8h	324.28	+0.303%	$5K	$41K	10x	as long as short
QFEX COHR-USD	+0.0020%	1h	324.04	+0.229%	$1.2M	$3.5M	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	324.09	+0.243%	—	—	10x	as long as short
Paragon para:COHRshort	+0.0225%	1h	323.93	+0.195%	$478K	$174K	10x