Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.006%

Price spread now: Bitget against QFEX−0.087%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days+0.090%+$9 · spread now −0.087%, 7d avg +0.027%

Together, before fees+0.081%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.114% cheaper against QFEX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	321.27	0.0040	pay 0.0005% / 1h	30m 33s	$1.2M	$3.5M	10x
Short	Bitget COHRUSDT	320.99	0	get 0.0000% / 8h	3h 30m	$1.7M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against QFEX. 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 QFEXbpFee BitgetbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$8.37
Price spread: −0.087% → +0.027%: −$11.39
Slippage, 4 orders: −$29.78
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$71.54
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Bitget: 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 QFEX live order book, 3 min ago	1.24 bp	6.7 bp −$7	18.3 bp −$183	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	5.30 bp	22.2 bp −$22	48.7 bp −$487	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
Aster COHRUSDT	0.0000%	8h	321.05	−0.069%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	321.17	−0.033%	$37K	$203K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	321.28	+0.003%	$7.4M	$9.4M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	320.94	−0.103%	$1.2M	$390K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	321.18	−0.028%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	321.00	−0.084%	$611K	$1.2M	25x	as long as short
Bitget COHRUSDTshort	0.0000%	8h	320.99	−0.087%	$1.7M	$1.3M	20x
GRVT COHR_USDT_Perp	0.0000%	8h	321.46	+0.059%	$2K	$212K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	321.10	−0.053%	—	$2.7M	10x	as long as short
HTX COHR-USDT	0.0000%	8h	321.07	−0.062%	$5K	$40K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin COHR-USDT	+0.0025%	8h	320.92	−0.109%	$45K	$115K	20x	as long as short
QFEX COHR-USDlong	+0.0040%	1h	321.27	long leg	$1.2M	$3.5M	10x
Paragon para:COHR	+0.0060%	1h	320.94	−0.104%	$459K	$160K	10x	as long as short
KuCoin COHRUSDTM	+0.0100%	8h	320.90	−0.115%	$342K	$335K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	321.11	−0.051%	—	—	10x	as long as short