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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.022%
Price spread now: SunX against Bitget−0.044%7-day average −0.016% · 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+0.208%+$21 on $10k
Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.044%, 7d avg −0.016%
Together, before fees+0.326%+$33 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.028% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget COPPERUSDT6.81300get 0.0000% / 4h1h 39m$1.7M$999K100x
ShortSunX COPPER-USDT6.81000get 0.0000% / 4h1h 39m$6.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$0
Price spread: −0.044% → −0.016%
−$2.79
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee SunX: 4 bp × 2 orders
−$8
Net
−$22.79
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Bitget: live order book, 3 min ago; SunX: live order book, 10 min ago. 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 Bitget live order book, 3 min ago0.73 bp9.4 bp −$923.7 bp −$23785.4 bp −$8,543doesn't fit
Sell SunX live order book, 10 min ago22.80 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

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-USD0.0000%1h6.8080−0.073%$1.5M$129K20xas long as short
Aster XCUUSDT0.0000%4h6.8106−0.035%$32K$21K50xas long as short
Binance COPPERUSDT0.0000%4h6.8110−0.029%$9.0M$32.4M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8053−0.113%$472K$939K50xas long as short
Gate XCU_USDT0.0000%8h6.7920−0.308%$1.3M$485K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8100−0.044%$26.0M$4.2M100xas long as short
Bitget COPPERUSDTlong0.0000%4h6.8130long leg$1.7M$999K100x
Variational Omni COPPER0.0000%4h6.8072−0.086%$741K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8100−0.044%$95K$2.0M25xas long as short
SunX COPPER-USDTshort0.0000%4h6.8100−0.044%$6.7M20x
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX COPPER-USDT0.0000%4h6.8090−0.059%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7990−0.205%$4.2M$75K100xas long as short
BloFin COPPER-USDT+0.0001%4h6.8070−0.088%$88K$143K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8068−0.091%$178K250xas long as short
edgeX COPPERUSDC+0.0008%4h6.8060−0.103%$94K$317K20xas long as short
Phoenix COPPER+0.0012%1h6.8094−0.053%$45K$23K20xas long as short
Vest HG-PERP+0.0046%1h6.8069−0.090%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8079−0.075%$1K$2K5xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8079−0.075%$10.4M$4.8M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8071−0.087%$901$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8096−0.050%$57K$55K15xas long as short
Lighter XCU+0.0064%1h6.8201+0.104%$477K$39K20xas long as short
Pacifica COPPER+0.0100%1h6.8083−0.069%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8100−0.044%$258K$21K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8150+0.029%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8089−0.061%$31110xas long as short
Kraken Futures PF_XCUUSD+0.0196%1h6.8087−0.063%$32K$176K20xas long as short
Extended XCU-USD+0.0608%1h6.8072−0.085%$223K$2.8M20xas long as short