Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0271%/8h= +29.7% APRpaid last 24h −0.021%

Price spread now: QFEX against KuCoin+0.161%7-day average +0.076% · 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−$259as in the Price arb table

costs, in and out, $10k−$2672.672% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.080%−$8 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.161%, 7d avg +0.076%

Together, before fees−0.195%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and QFEX is 0.085% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.076%. Mind the row above: over the last 4 days funding on this pair cost −0.080%, 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 4 days it paid -0.080% in total (about -8.2% 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	323.20	−0.0245	get 0.0245% / 8h	5h 24m	$358K	$343K	20x
Short	QFEX COHR-USD	323.72	0.0026	get 0.0003% / 1h	24m 33s	$1.2M	$3.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.161%Rate

Funding earned: $56.93
Price spread: +0.161% → +0.076%: $8.53
Slippage, 4 orders: −$245.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$201.76
Costs to cover: 2.672%
Break-even: 31.8 days

Slippage from KuCoin: live order book, 72 min ago; QFEX: 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 KuCoin live order book, 72 min ago	6.21 bp	184.6 bp −$185	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.24 bp	8.0 bp −$8	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
KuCoin COHRUSDTMlong	−0.0245%	8h	323.20	long leg	$358K	$343K	20x
Aster COHRUSDT	0.0000%	8h	323.75	+0.169%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	323.68	+0.149%	$36K	$192K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	323.78	+0.180%	$7.4M	$9.2M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	323.61	+0.127%	$1.2M	$338K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	323.88	+0.210%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	323.74	+0.167%	$619K	$1.1M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	323.56	+0.111%	$1.8M	$1.3M	20x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	323.96	+0.237%	$1K	$175K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	323.77	+0.176%	—	$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	323.28	+0.025%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0020%	8h	323.75	+0.170%	$46K	$112K	20x	as long as short
QFEX COHR-USDshort	+0.0026%	1h	323.72	+0.161%	$1.2M	$3.5M	10x
Paragon para:COHR	+0.0103%	1h	323.70	+0.156%	$478K	$163K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	323.73	+0.165%	—	—	10x	as long as short