Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.071%

Price spread now: Extended against Aster−0.022%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 Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$30 on $10k

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

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

Funding pays, the price is against you. Extended is 0.022% cheaper against Aster than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 12 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.8013	0	get 0.0000% / 4h	56m 23s	$32K	$36K	50x
Short	Extended XCU-USD	6.7998	0.0144	get 0.0018% / 1h	56m 23s	$231K	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.022%Rate

Funding earned: $30.24
Price spread: −0.022% → 0.000%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $15.01
Costs to cover: 0.130%
Break-even: 3.5 days

Slippage unknown: Aster: no order-book sample; Extended: live order book, 2 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 Aster no order-book sample	—	—	—	—	—
Sell Extended live order book, 2 min ago	1.03 bp	4.6 bp −$5	58.9 bp −$589	doesn't fit	doesn't fit

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
BloFin COPPER-USDT	−0.0016%	4h	6.8050	+0.055%	$87K	$149K	100x	as long as short
edgeX COPPERUSDC	−0.0016%	4h	6.8017	+0.006%	$93K	$319K	20x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.8013	long leg	$32K	$36K	50x
Binance COPPERUSDT	0.0000%	4h	6.8020	+0.010%	$9.0M	$34.7M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7971	−0.062%	$467K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7880	−0.195%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8010	−0.004%	$27.0M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8030	+0.025%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8036	+0.034%	$739K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8042	+0.042%	$91K	$2.2M	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	6.8020	+0.010%	—	$7.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8060	+0.069%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.151%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7992	−0.030%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0013%	1h	6.8010	−0.004%	$1.5M	$138K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8102	+0.131%	$476K	$45K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7986	−0.040%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8018	+0.008%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.7989	−0.035%	$10.4M	$5.4M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7995	−0.026%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7970	−0.063%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8016	+0.005%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8010	−0.004%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8100	+0.128%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8018	+0.007%	$311	—	10x	as long as short
Extended XCU-USDshort	+0.0144%	1h	6.7998	−0.022%	$231K	$2.9M	20x
Kraken Futures PF_XCUUSD	+0.0312%	1h	6.7943	−0.103%	$27K	$172K	20x	as long as short
Phoenix COPPER	+0.0329%	1h	6.8009	−0.006%	$45K	$30K	20x	as long as short