Settings8H · net · $10k
Funding arb · Price arb /

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.049%
Price spread now: Ondo Perps against Aster−0.068%47s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.233%+$23 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm boardneeds both histories
Funding pays, the price is against you. Ondo Perps is 0.068% cheaper against Aster than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.5 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.233% in total) that is about 2.0 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster XCUUSDT6.79600get 0.0000% / 4h1h 34m$32K$36K50x
ShortOndo Perps COPPER-USD.P6.79140.0050get 0.0006% / 1h34m 52s$56K$55K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$10.58
Price spread: −0.068% → 0.000%
−$6.77
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$9.18
Costs to cover
0.130%
Break-even
13.1 days
Slippage unknown: Aster: no order-book sample; Ondo Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Aster no order-book sample
Sell Ondo Perps no order-book sample
Aster and Ondo Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
QFEX COPPER-USD−0.0015%1h6.7940−0.029%$1.5M$135K20xas long as short
edgeX COPPERUSDC−0.0012%4h6.7963+0.004%$93K$317K20xas long as short
Aster XCUUSDTlong0.0000%4h6.7960long leg$32K$36K50x
Binance COPPERUSDT0.0000%4h6.7967+0.010%$8.9M$34.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.7923−0.054%$466K$1.2M50xas long as short
Gate XCU_USDT0.0000%8h6.7820−0.206%$1.3M$499K100xas long as short
MEXC COPPER_USDT0.0000%4h6.79600.000%$26.9M$5.1M100xas long as short
Bitget COPPERUSDT0.0000%4h6.7970+0.015%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.7957−0.004%$739K$1.6Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.7978+0.026%$90K$2.2M25xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX COPPER-USDT0.0000%4h6.79600.000%$7.7M20xas long as short
HTX COPPER-USDT0.0000%4h6.7980+0.029%$60K$28K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7910−0.074%$4.2M$81K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7924−0.053%$176K10xas long as short
BloFin COPPER-USDT+0.0007%4h6.7940−0.029%$87K$149K100xas long as short
tradeXYZ xyz:COPPER+0.0009%1h6.7912−0.071%$10.4M$5.3M20xas long as short
Lighter XCU+0.0032%1h6.8044+0.124%$476K$45K20xas long as short
Extended XCU-USD+0.0032%1h6.7932−0.041%$231K$2.9M20xas long as short
Vest HG-PERP+0.0046%1h6.7920−0.059%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.7955−0.007%$1K$3K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.7921−0.057%$899$3K20xas long as short
Ondo Perps COPPER-USD.Pshort+0.0050%1h6.7914−0.068%$56K$55K15x
Kraken Futures PF_XCUUSD+0.0060%1h6.7939−0.031%$26K$176K20xas long as short
Pacifica COPPER+0.0100%1h6.7936−0.036%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.7950−0.015%$258K$26K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8030+0.103%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.7956−0.006%$31110xas long as short
Phoenix COPPER+0.0329%1h6.7946−0.021%$45K$30K20xas long as short