Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.009%

Price spread now: Gate against QFEX−0.031%7-day average +0.057% · 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−$64as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on QFEX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.220%−$22 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.031%, 7d avg +0.057%

Together, before fees−0.187%−$19 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 Gate is 0.089% cheaper against QFEX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.057%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	318.45	0.0034	pay 0.0004% / 1h	46m 12s	$1.2M	$2.9M	10x
Short	Gate COHR_USDT	318.35	0	get 0.0000% / 8h	2h 46m	$621K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: −$7.16
Price spread: −0.031% → +0.057%: −$8.88
Slippage, 4 orders: −$29.67
Fee QFEX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$70.71
Costs to cover: 0.547%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; Gate: live order book, 6 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, 7 min ago	2.04 bp	7.4 bp −$7	15.7 bp −$157	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	8.77 bp	18.8 bp −$19	doesn't fit	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	−0.0430%	8h	318.23	−0.069%	$1.8M	$1.3M	20x	as long as short
KuCoin COHRUSDTM	−0.0208%	8h	318.40	−0.016%	$353K	$300K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	318.54	+0.028%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	318.36	−0.029%	$33K	$242K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	318.51	+0.019%	$7.5M	$9.7M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	318.46	+0.003%	$1.1M	$359K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	318.36	−0.028%	$1.0M	$2.1M	25x	as long as short
Gate COHR_USDTshort	0.0000%	8h	318.35	−0.031%	$621K	$1.1M	25x
GRVT COHR_USDT_Perp	0.0000%	8h	319.02	+0.180%	$2K	$174K	10x	as long as short
SunX COHR-USDT	0.0000%	8h	318.49	+0.013%	—	$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	319.27	+0.257%	$5K	$41K	10x	as long as short
BloFin COHR-USDT	+0.0008%	8h	318.50	+0.016%	$46K	$112K	20x	as long as short
QFEX COHR-USDlong	+0.0034%	1h	318.45	long leg	$1.2M	$2.9M	10x
Paragon para:COHR	+0.0060%	1h	318.35	−0.031%	$470K	$164K	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	318.44	−0.004%	—	—	10x	as long as short