Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.054%

Price spread now: SoDEX against Aster−0.040%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.040% cheaper against Aster than usual: you would sell low and buy high (spread −0.040% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.8182	0	get 0.0000% / 4h	1h 32m	$32K	$21K	50x
Short	SoDEX COPPER-USD	6.8154	0.0050	get 0.0006% / 1h	32m 22s	$902	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $10.5
Price spread: −0.040% → 0.000%: −$4.04
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$9.54
Costs to cover: 0.160%
Break-even: 13.4 days

Slippage unknown: Aster: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

Aster and SoDEX: 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
QFEX COPPER-USD	0.0000%	1h	6.8150	−0.046%	$1.5M	$129K	20x	as long as short
Aster XCUUSDTlong	0.0000%	4h	6.8182	long leg	$32K	$21K	50x
Binance COPPERUSDT	0.0000%	4h	6.8180	−0.002%	$9.0M	$32.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8140	−0.061%	$469K	$942K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8010	−0.252%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8180	−0.002%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8180	−0.002%	$1.7M	$999K	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8152	−0.044%	$742K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8177	−0.006%	$87K	$2.0M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8180	−0.002%	—	$6.7M	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	6.8210	+0.042%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8060	−0.178%	$4.2M	$75K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8152	−0.044%	$178K	—	250x	as long as short
Phoenix COPPER	+0.0012%	1h	6.8180	−0.002%	$45K	$23K	20x	as long as short
edgeX COPPERUSDC	+0.0016%	4h	6.8152	−0.044%	$94K	$318K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8144	−0.055%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8160	−0.032%	$1K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8148	−0.049%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.8154	−0.040%	$902	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8131	−0.074%	$57K	$55K	15x	as long as short
BloFin COPPER-USDT	+0.0051%	4h	6.8170	−0.017%	$88K	$143K	100x	as long as short
Lighter XCU	+0.0064%	1h	6.8286	+0.153%	$478K	$39K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8153	−0.042%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8160	−0.032%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8240	+0.086%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8169	−0.018%	$312	—	10x	as long as short
Kraken Futures PF_XCUUSD	+0.0195%	1h	6.8179	−0.003%	$32K	$176K	20x	as long as short
Extended XCU-USD	+0.0648%	1h	6.8152	−0.044%	$223K	$2.8M	20x	as long as short