Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0119%/8h= +13.0% APRpaid last 24h +0.059%

Price spread now: Aevo against BloFin−0.030%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 0.030% cheaper against BloFin than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin COPPER-USDT	6.8260	−0.0015	get 0.0007% / 4h	3h 50m	$88K	$144K	100x
Short	Aevo COPPER-PERP	6.8240	0.0104	get 0.0013% / 1h	50m 32s	$312	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against BloFin. 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 BloFinbpFee AevobpOrdersPrice spread, now −0.030%Rate

Funding earned: $24.99
Price spread: −0.030% → 0.000%: −$3
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$6.01
Costs to cover: 0.280%
Break-even: 8.7 days

Slippage unknown: BloFin: live order book, 39 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 BloFin live order book, 39 min ago	1.47 bp	7.5 bp −$7	9.9 bp −$99	39.0 bp −$3,898	101.5 bp −$50.8K
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
Kraken Futures PF_XCUUSD	−0.0404%	1h	6.8201	−0.087%	$34K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0108%	1h	6.8230	−0.044%	$10.5M	$4.8M	20x	as long as short
BloFin COPPER-USDTlong	−0.0015%	4h	6.8260	long leg	$88K	$144K	100x
QFEX COPPER-USD	−0.0003%	1h	6.8250	−0.015%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8263	+0.005%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8258	−0.003%	$9.1M	$33.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8250	−0.015%	$481K	$961K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8060	−0.293%	$1.3M	$495K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8260	0.000%	$25.9M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8250	−0.015%	$2.5M	$1.7M	100x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni COPPER	0.0000%	4h	6.8243	−0.025%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8253	−0.010%	$88K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8250	−0.015%	—	$6.6M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8270	+0.015%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8170	−0.132%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8257	−0.004%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0005%	4h	6.8243	−0.024%	$95K	$318K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8356	+0.141%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8266	+0.009%	$266K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8256	−0.006%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8254	−0.009%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8243	−0.024%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8233	−0.040%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8201	−0.086%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8266	+0.009%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8210	−0.073%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8300	+0.059%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.8240	−0.030%	$312	—	10x