Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.016%

Price spread now: Gate against Paragon−0.083%7-day average +0.089% · 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−$125as in the Price arb table

costs, in and out, $10k−$1071.073% of the position

Long on Paragon Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.179%−$18 on $10k

Price spread, last 4 days (all we have)+1.259%+$126 · spread now −0.083%, 7d avg +0.089%

Together, before fees+1.080%+$108 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.173% cheaper against Paragon than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.089%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:COHR	312.58	0.0127	pay 0.0016% / 1h	36m 19s	$461K	$161K	10x
Short	Gate COHR_USDT	312.32	0	get 0.0000% / 8h	7h 36m	$603K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.083%Rate

Funding earned: −$26.61
Price spread: −0.083% → +0.089%: −$17.26
Slippage, 4 orders: −$82.33
Fee Paragon: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$151.2
Costs to cover: 1.073%
Break-even: never at this rate

Slippage from Paragon: live order book, 9 min ago; Gate: live order book, 1 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, 9 min ago	23.89 bp	35.2 bp −$35	79.1 bp −$791	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	9.61 bp	20.2 bp −$20	627.2 bp −$6,272	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	−0.0690%	8h	312.26	−0.103%	$1.8M	$1.5M	20x	as long as short
BloFin COHR-USDT	−0.0023%	8h	313.07	+0.157%	$46K	$115K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	312.71	+0.042%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	312.34	−0.078%	$32K	$280K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	312.46	−0.037%	$7.3M	$10.9M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	312.50	−0.026%	$977K	$652K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	312.44	−0.045%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDTshort	0.0000%	8h	312.32	−0.083%	$603K	$1.1M	25x
GRVT COHR_USDT_Perp	0.0000%	8h	313.06	+0.155%	$2K	$161K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	312.30	−0.090%	—	$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	312.70	+0.038%	$5K	$38K	10x	as long as short
QFEX COHR-USD	+0.0055%	1h	312.32	−0.083%	$1.2M	$2.7M	10x	as long as short
KuCoin COHRUSDTM	+0.0100%	8h	312.60	+0.006%	$362K	$296K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	312.66	+0.024%	—	—	10x	as long as short
Paragon para:COHRlong	+0.0127%	1h	312.58	long leg	$461K	$161K	10x