Funding arb · Price arb /

COHR

RWAall COHR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.020%

Price spread now: Paragon against SunX−0.124%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1821.825% of the position

Long on SunX Short on Paragon

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.124%, 7d avg −0.050%

Together, before fees+0.087%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paragon is 0.074% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COHR-USDT	324.66	0	get 0.0000% / 8h	7h 23m	—	$2.6M	10x
Short	Paragon para:COHR	324.26	−0.0004	pay 0.0001% / 1h	23m 18s	$461K	$165K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paragon against SunX. 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 SunXbpFee ParagonbpOrdersPrice spread, now −0.124%Rate

Funding earned: −$0.85
Price spread: −0.124% → −0.050%: −$7.36
Slippage, 4 orders: −$164.45
Fee SunX: 4 bp × 2 orders: −$8
Fee Paragon: 5 bp × 2 orders: −$10
Net: −$190.67
Costs to cover: 1.825%
Break-even: never at this rate

Slippage from SunX: live order book, 4 min ago; Paragon: live order book, 32 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 SunX live order book, 4 min ago	46.90 bp	65.3 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Paragon live order book, 32 min ago	7.88 bp	24.7 bp −$25	35.3 bp −$353	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
Paragon para:COHRshort	−0.0004%	1h	324.26	−0.124%	$461K	$165K	10x
Aster COHRUSDT	0.0000%	8h	324.41	−0.076%	$40K	$36K	20x	as long as short
Extended COHR-USD	0.0000%	1h	324.37	−0.089%	$35K	$196K	10x	as long as short
Binance COHRUSDT	0.0000%	8h	324.42	−0.073%	$7.5M	$9.4M	25x	as long as short
Bybit COHRUSDT	0.0000%	8h	324.38	−0.086%	$1.2M	$365K	25x	as long as short
OKX COHR-USDT-SWAP	0.0000%	8h	324.35	−0.095%	$1.0M	$2.2M	25x	as long as short
Gate COHR_USDT	0.0000%	8h	324.51	−0.046%	$624K	$1.2M	25x	as long as short
Bitget COHRUSDT	0.0000%	8h	324.55	−0.034%	$1.8M	$1.3M	20x	as long as short
SunX COHR-USDTlong	0.0000%	8h	324.66	long leg	—	$2.6M	10x
HTX COHR-USDT	0.0000%	8h	324.73	+0.022%	$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	+0.0013%	8h	324.65	−0.003%	$45K	$114K	20x	as long as short
KuCoin COHRUSDTM	+0.0034%	8h	323.80	−0.265%	$356K	$356K	20x	as long as short
QFEX COHR-USD	+0.0048%	1h	324.38	−0.086%	$1.2M	$3.6M	10x	as long as short
Aevo COHR-PERP	+0.0104%	1h	324.46	−0.063%	—	—	10x	as long as short
GRVT COHR_USDT_Perp	+0.0183%	8h	324.99	+0.102%	$2K	$185K	10x	as long as short