Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.020%

Price spread now: Bybit against Paragon−0.008%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on Paragon Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.008%, 7d avg +0.038%

Together, before fees+0.078%+$8 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 Bybit is 0.046% cheaper against Paragon than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:COHR	315.39	0.0060	pay 0.0008% / 1h	23m 53s	$465K	$163K	10x
Short	Bybit COHRUSDT	315.36	0	get 0.0000% / 8h	2h 23m	$1.1M	$364K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paragon. 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 ParagonbpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$12.6
Price spread: −0.008% → +0.038%: −$4.62
Slippage, 4 orders: −$105.23
Fee Paragon: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.45
Costs to cover: 1.262%
Break-even: never at this rate

Slippage from Paragon: live order book, 52 min ago; Bybit: 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 Paragon live order book, 52 min ago	22.84 bp	27.8 bp −$28	40.6 bp −$406	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.75 bp	32.5 bp −$32	189.3 bp −$1,893	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	−0.0888%	8h	315.50	+0.036%	$1.8M	$1.4M	20x	as long as short
KuCoin COHRUSDTM	−0.0158%	8h	315.30	−0.027%	$350K	$298K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	315.31	−0.024%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	315.50	+0.036%	$33K	$239K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	315.63	+0.077%	$7.3M	$10.4M	25x	as long as short
Bybit COHRUSDTshort	0.0000%	8h	315.36	−0.008%	$1.1M	$364K	25x
OKX COHR-USDT-SWAP	0.0000%	8h	315.40	+0.005%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	315.62	+0.074%	$613K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	316.08	+0.220%	$1K	$173K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	315.43	+0.014%	—	$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	315.92	+0.169%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0009%	8h	314.83	−0.176%	$46K	$111K	20x	as long as short
QFEX COHR-USD	+0.0034%	1h	315.33	−0.018%	$1.2M	$2.9M	10x	as long as short
Paragon para:COHRlong	+0.0060%	1h	315.39	long leg	$465K	$163K	10x
Aevo COHR-PERP	+0.0104%	1h	315.40	+0.003%	—	—	10x	as long as short