Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.029%

Price spread now: Vest against Aster−0.095%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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 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 · Vest: Active · farm boardneeds both histories

Funding pays, the price is against you. Vest is 0.095% cheaper against Aster than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.9 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XCUUSDT	6.8380	0	get 0.0000% / 4h	3h 12m	$32K	$28K	50x
Short	Vest HG-PERP	6.8315	0.0046	get 0.0006% / 1h	12m 02s	—	$82K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.095%Rate

Funding earned: $9.59
Price spread: −0.095% → 0.000%: −$9.51
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Vest: 1 bp × 2 orders: −$2
Net: −$9.91
Costs to cover: 0.100%
Break-even: 14.2 days

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

Aster and Vest: 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
Aster XCUUSDTlong	0.0000%	4h	6.8380	long leg	$32K	$28K	50x
Binance COPPERUSDT	0.0000%	4h	6.8392	+0.017%	$9.1M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8320	−0.088%	$497K	$991K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8240	−0.205%	$1.3M	$510K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8370	−0.015%	$26.1M	$5.8M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8360	−0.029%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8355	−0.036%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8353	−0.040%	$91K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8360	−0.029%	—	$5.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8360	−0.029%	$62K	$39K	75x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8300	−0.117%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8317	−0.092%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0016%	4h	6.8346	−0.049%	$95K	$321K	20x	as long as short
QFEX COPPER-USD	+0.0018%	1h	6.8340	−0.058%	$1.5M	$142K	20x	as long as short
BloFin COPPER-USDT	+0.0022%	4h	6.8340	−0.058%	$88K	$150K	100x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8338	−0.062%	$273K	$1.8M	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.8315	−0.095%	—	$82K	25x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8335	−0.066%	$10.8M	$4.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8330	−0.073%	$905	$6K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8373	−0.010%	$57K	$53K	15x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8319	−0.089%	$2K	$1K	5x	as long as short
Kraken Futures PF_XCUUSD	+0.0076%	1h	6.8360	−0.029%	$34K	$178K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8306	−0.108%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8340	−0.058%	$266K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8430	+0.073%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8361	−0.028%	$312	—	10x	as long as short
Phoenix COPPER	+0.0129%	1h	6.8334	−0.067%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0136%	1h	6.8457	+0.113%	$479K	$27K	20x	as long as short