Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.068%

Price spread now: Aster against Aevo+0.084%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.084% dearer against Aevo than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COPPER-PERP	6.8220	0.0104	pay 0.0013% / 1h	0m 53s	$312	—	10x
Short	Aster XCUUSDT	6.8277	0	get 0.0000% / 4h	0m 53s	$32K	$27K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$21.84
Price spread: +0.084% → 0.000%: $8.45
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$37.39
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Aster: no order-book sample. Net counts fees only.

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 Aevo no order-book sample	—	—	—	—	—
Sell Aster no order-book sample	—	—	—	—	—

Aevo and Aster: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COPPER on 28 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
tradeXYZ xyz:COPPER	−0.0044%	1h	6.8206	−0.020%	$10.5M	$4.8M	20x	as long as short
Aster XCUUSDTshort	0.0000%	4h	6.8277	+0.084%	$32K	$27K	50x
Binance COPPERUSDT	0.0000%	4h	6.8230	+0.015%	$9.1M	$32.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8206	−0.020%	$480K	$958K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8030	−0.278%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8230	+0.015%	$26.0M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8220	+0.001%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8213	−0.009%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8200	−0.029%	$89K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8230	+0.015%	—	$6.6M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8220	+0.001%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8190	−0.043%	$4.2M	$77K	100x	as long as short
edgeX COPPERUSDC	0.0000%	4h	6.8183	−0.054%	$94K	$319K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8258	+0.056%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0009%	1h	6.8230	+0.015%	$1.5M	$129K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8337	+0.172%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8254	+0.050%	$266K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8251	+0.046%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8229	+0.014%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8215	−0.007%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8141	−0.115%	$57K	$55K	15x	as long as short
BloFin COPPER-USDT	+0.0054%	4h	6.8220	+0.001%	$88K	$143K	100x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8265	+0.067%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8210	−0.014%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8280	+0.089%	$3K	—	10x	as long as short
Aevo COPPER-PERPlong	+0.0104%	1h	6.8220	long leg	$312	—	10x
Phoenix COPPER	+0.0164%	1h	6.8195	−0.036%	$45K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0291%	1h	6.8187	−0.048%	$34K	$176K	20x	as long as short