Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.024%

Price spread now: Ondo Perps against Bitget−0.097%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 Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Funding pays, the price is against you. Ondo Perps is 0.097% cheaper against Bitget than usual: you would sell low and buy high (spread −0.097% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.4 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.260% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COPPERUSDT	6.7980	0	get 0.0000% / 4h	1h 35m	$1.7M	$1.0M	100x
Short	Ondo Perps COPPER-USD.P	6.7914	0.0050	get 0.0006% / 1h	35m 21s	$56K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.097%Rate

Funding earned: $10.58
Price spread: −0.097% → 0.000%: −$9.71
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$16.12
Costs to cover: 0.170%
Break-even: 17.7 days

Slippage unknown: Bitget: live order book, 1 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 1 min ago	0.74 bp	11.6 bp −$12	22.9 bp −$229	90.2 bp −$9,023	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COPPER-USD	−0.0015%	1h	6.7940	−0.059%	$1.5M	$135K	20x	as long as short
edgeX COPPERUSDC	−0.0012%	4h	6.7963	−0.025%	$93K	$317K	20x	as long as short
BloFin COPPER-USDT	−0.0010%	4h	6.7940	−0.059%	$87K	$149K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7960	−0.029%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7966	−0.020%	$8.9M	$34.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7923	−0.084%	$466K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7820	−0.235%	$1.3M	$499K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7960	−0.029%	$26.9M	$5.1M	100x	as long as short
Bitget COPPERUSDTlong	0.0000%	4h	6.7980	long leg	$1.7M	$1.0M	100x
Variational Omni COPPER	0.0000%	4h	6.7957	−0.034%	$739K	$1.6M	—	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7978	−0.003%	$90K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7960	−0.029%	—	$7.7M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.7980	0.000%	$60K	$28K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.103%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7924	−0.082%	$176K	—	10x	as long as short
tradeXYZ xyz:COPPER	+0.0010%	1h	6.7912	−0.100%	$10.4M	$5.3M	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8042	+0.091%	$476K	$45K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7932	−0.071%	$231K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7920	−0.088%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7955	−0.036%	$1K	$3K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7921	−0.087%	$899	$3K	20x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.7914	−0.097%	$56K	$55K	15x
Kraken Futures PF_XCUUSD	+0.0060%	1h	6.7939	−0.061%	$26K	$176K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7936	−0.065%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7950	−0.044%	$258K	$26K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8030	+0.074%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7956	−0.035%	$311	—	10x	as long as short
Phoenix COPPER	+0.0329%	1h	6.7946	−0.050%	$45K	$30K	20x	as long as short