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: Aevo against Aster−0.077%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Aevo

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

Funding pays, the price is against you. Aevo is 0.077% cheaper against Aster than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.8249	0	get 0.0000% / 4h	2m 02s	$32K	$27K	50x
Short	Aevo COPPER-PERP	6.8196	0.0104	get 0.0013% / 1h	2m 02s	$312	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now −0.077%Rate

Funding earned: $21.84
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.83
Costs to cover: 0.240%
Break-even: 10.2 days

Slippage unknown: Aster: no order-book sample; Aevo: 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 Aster no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

Aster and 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
tradeXYZ xyz:COPPER	−0.0040%	1h	6.8185	−0.093%	$10.5M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0026%	4h	6.8190	−0.086%	$88K	$143K	100x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.8249	long leg	$32K	$27K	50x
Binance COPPERUSDT	0.0000%	4h	6.8212	−0.054%	$9.0M	$32.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8206	−0.063%	$480K	$959K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8020	−0.335%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8220	−0.042%	$26.0M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8210	−0.057%	$2.5M	$1.7M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8173	−0.111%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8200	−0.071%	$89K	$2.1M	25x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8190	−0.086%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8220	−0.042%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8160	−0.130%	$4.2M	$77K	100x	as long as short
edgeX COPPERUSDC	+0.0001%	4h	6.8173	−0.110%	$94K	$319K	20x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8228	−0.031%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0009%	1h	6.8190	−0.086%	$1.5M	$129K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8314	+0.096%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8245	−0.005%	$266K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8224	−0.036%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8199	−0.073%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8175	−0.108%	$903	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8141	−0.158%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8229	−0.029%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8190	−0.086%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8260	+0.016%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.8196	−0.077%	$312	—	10x
Phoenix COPPER	+0.0164%	1h	6.8195	−0.079%	$45K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0291%	1h	6.8172	−0.113%	$34K	$176K	20x	as long as short