Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.008%

Price spread now: SunX against QFEX−0.019%7-day average +0.013% · 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−$154as in the Price arb table

costs, in and out, $10k−$1511.510% of the position

Long on QFEX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.015%+$1 · spread now −0.019%, 7d avg +0.013%

Together, before fees+0.005%$0 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 SunX is 0.031% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX COHR-USD	321.70	0.0040	pay 0.0005% / 1h	12m 38s	$1.2M	$3.7M	10x
Short	SunX COHR-USDT	321.64	0	get 0.0000% / 8h	12m 38s	—	$2.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.019%Rate

Funding earned: −$8.35
Price spread: −0.019% → +0.013%: −$3.12
Slippage, 4 orders: −$132.98
Fee QFEX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$162.45
Costs to cover: 1.510%
Break-even: never at this rate

Slippage from QFEX: live order book, 5 min ago; SunX: live order book, 4 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, 5 min ago	1.40 bp	9.7 bp −$10	15.9 bp −$159	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	46.31 bp	65.5 bp −$65	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
BloFin COHR-USDT	−0.0008%	8h	321.76	+0.019%	$45K	$115K	20x	as long as short
Aster COHRUSDT	0.0000%	8h	321.71	+0.003%	$39K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	321.63	−0.022%	$38K	$203K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	321.69	−0.002%	$7.5M	$9.6M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	321.59	−0.034%	$1.2M	$388K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	321.64	−0.019%	$1.1M	$2.2M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	321.72	+0.006%	$619K	$1.2M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	321.50	−0.062%	$1.7M	$1.4M	20x	as long as short
SunX COHR-USDTshort	0.0000%	8h	321.64	−0.019%	—	$2.6M	10x
HTX COHR-USDT	0.0000%	8h	321.45	−0.078%	$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
QFEX COHR-USDlong	+0.0040%	1h	321.70	long leg	$1.2M	$3.7M	10x
GRVT COHR_USDT_Perp	+0.0052%	8h	321.76	+0.019%	$1K	$200K	10x	as long as short
Paragon para:COHR	+0.0060%	1h	321.45	−0.078%	$457K	$166K	10x	as long as short
KuCoin COHRUSDTM	+0.0100%	8h	321.20	−0.155%	$350K	$352K	20x	as long as short
Aevo COHR-PERP	+0.0104%	1h	321.65	−0.017%	—	—	10x	as long as short