Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.016%

Price spread now: OKX against Paragon+0.258%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$950.946% of the position

Long on Paragon Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.258%, 7d avg +0.066%

Together, before fees−0.108%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.192% dearer against Paragon than usual: you sell high and buy low (spread +0.258% now, against its 7-day average of +0.066%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.077%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paragon para:COHR	312.94	0.0060	pay 0.0008% / 1h	20m 02s	$462K	$159K	10x
Short	OKX COHR-USDT-SWAP	313.75	0	get 0.0000% / 8h	7h 20m	$1.0M	$2.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.258%Rate

Funding earned: −$12.6
Price spread: +0.258% → +0.066%: $19.19
Slippage, 4 orders: −$74.59
Fee Paragon: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$88
Costs to cover: 0.946%
Break-even: never at this rate

Slippage from Paragon: live order book, 26 min ago; OKX: 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, 26 min ago	23.89 bp	35.2 bp −$35	79.1 bp −$791	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.71 bp	17.5 bp −$17	53.6 bp −$536	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	−0.0649%	8h	313.30	+0.114%	$1.8M	$1.4M	20x	as long as short
BloFin COHR-USDT	−0.0003%	8h	313.32	+0.121%	$46K	$115K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	313.08	+0.043%	$48K	$45K	20x	as long as short
Extended COHR-USD	0.0000%	1h	313.39	+0.144%	$32K	$278K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	313.53	+0.188%	$7.3M	$11.0M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	313.25	+0.098%	$978K	$664K	25x	as long as short
OKX COHR-USDT-SWAPshort	0.0000%	8h	313.75	+0.258%	$1.0M	$2.0M	25x
Gate COHR_USDT	0.0000%	8h	313.39	+0.143%	$604K	$1.1M	25x	as long as short
GRVT COHR_USDT_Perp	0.0000%	8h	312.46	−0.154%	$2K	$161K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	313.52	+0.185%	—	$2.2M	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	313.61	+0.213%	$5K	$39K	10x	as long as short
QFEX COHR-USD	+0.0055%	1h	313.38	+0.140%	$1.2M	$2.7M	10x	as long as short
Paragon para:COHRlong	+0.0060%	1h	312.94	long leg	$462K	$159K	10x
KuCoin COHRUSDTM	+0.0100%	8h	312.90	−0.013%	$362K	$311K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	313.17	+0.072%	—	—	10x	as long as short