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 +0.049%

Price spread now: Aevo against Bitget−0.038%7-day average — · you buy dearer than you sell

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

Long on Bitget 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—needs both histories

Funding pays, the price is against you. Aevo is 0.038% cheaper against Bitget than usual: you would sell low and buy high (spread −0.038% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.8330	0	get 0.0000% / 4h	52m 02s	$1.7M	$987K	100x
Short	Aevo COPPER-PERP	6.8304	0.0104	get 0.0013% / 1h	52m 02s	$312	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Bitget. 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 BitgetbpFee AevobpOrdersPrice spread, now −0.038%Rate

Funding earned: $21.84
Price spread: −0.038% → 0.000%: −$3.81
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$9.97
Costs to cover: 0.280%
Break-even: 10.2 days

Slippage unknown: Bitget: live order book, 5 min ago; 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 Bitget live order book, 5 min ago	0.73 bp	11.2 bp −$11	23.1 bp −$231	78.0 bp −$7,796	doesn't fit
Sell Aevo no order-book sample	—	—	—	—	—

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
Aster XCUUSDT	0.0000%	4h	6.8321	−0.014%	$32K	$24K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8319	−0.016%	$9.0M	$32.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8284	−0.067%	$472K	$951K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8110	−0.322%	$1.3M	$494K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8310	−0.029%	$26.0M	$4.2M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.8330	long leg	$1.7M	$987K	100x
Variational Omni COPPER	0.0000%	4h	6.8344	+0.020%	$744K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8399	+0.101%	$86K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8310	−0.029%	—	$6.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8340	+0.015%	$61K	$24K	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	6.8150	−0.263%	$4.2M	$76K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8289	−0.059%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0009%	1h	6.8300	−0.044%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0012%	4h	6.8320	−0.014%	$95K	$318K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8418	+0.129%	$478K	$40K	20x	as long as short
BloFin COPPER-USDT	+0.0035%	4h	6.8330	0.000%	$88K	$144K	100x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8289	−0.060%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8290	−0.058%	$2K	$2K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8282	−0.070%	$10.5M	$4.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8289	−0.060%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8259	−0.104%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8313	−0.025%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8310	−0.029%	$258K	$21K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8390	+0.088%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.8304	−0.038%	$312	—	10x
Phoenix COPPER	+0.0164%	1h	6.8330	0.000%	$45K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0290%	1h	6.8303	−0.040%	$35K	$179K	20x	as long as short
Extended XCU-USD	+0.0816%	1h	6.8303	−0.040%	$221K	$2.8M	20x	as long as short