Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.053%

Price spread now: Bitget against Aevo+0.035%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 Bitget

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—needs both histories

The price spread pays, funding is against you. Bitget is 0.035% dearer against Aevo than usual: you sell high and buy low (spread +0.035% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COPPER-PERP	6.8056	0.0104	pay 0.0013% / 1h	4m 01s	$311	—	10x
Short	Bitget COPPERUSDT	6.8080	0	get 0.0000% / 4h	4m 01s	$1.7M	$1.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$21.84
Price spread: +0.035% → 0.000%: $3.5
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.34
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; Bitget: live order book, 3 min ago. 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 Bitget live order book, 3 min ago	0.73 bp	13.2 bp −$13	35.5 bp −$355	doesn't fit	doesn't fit

Aevo: 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
edgeX COPPERUSDC	−0.0019%	4h	6.8005	−0.076%	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8070	+0.021%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8063	+0.010%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8016	−0.059%	$467K	$979K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7920	−0.200%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8060	+0.006%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDTshort	0.0000%	4h	6.8080	+0.035%	$1.7M	$1.0M	100x
Variational Omni COPPER	0.0000%	4h	6.8056	−0.001%	$740K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8026	−0.044%	$89K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8060	+0.006%	—	$7.4M	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	6.8090	+0.050%	$60K	$27K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7950	−0.156%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8039	−0.025%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0013%	1h	6.8040	−0.024%	$1.5M	$130K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8152	+0.141%	$477K	$45K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.8010	−0.068%	$45K	$30K	20x	as long as short
BloFin COPPER-USDT	+0.0043%	4h	6.8050	−0.009%	$87K	$149K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8031	−0.037%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8057	+0.002%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8037	−0.028%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8035	−0.031%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8037	−0.028%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8051	−0.008%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8040	−0.024%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8110	+0.079%	$3K	—	10x	as long as short
Aevo COPPER-PERPlong	+0.0104%	1h	6.8056	long leg	$311	—	10x
Kraken Futures PF_XCUUSD	+0.0312%	1h	6.7946	−0.162%	$28K	$174K	20x	as long as short
Extended XCU-USD	+0.0536%	1h	6.8046	−0.015%	$230K	$2.9M	20x	as long as short