Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.037%

Price spread now: Paradex against edgeX−0.109%7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Paradex

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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.109% cheaper against edgeX than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8.4 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	edgeX COPPERUSDC	6.8379	0.0007	pay 0.0004% / 4h	2h 55m	$95K	$318K	20x
Short	Paradex XCU-USD-PERP	6.8304	0.0050	get 0.0050% / 8h	6h 55m	$2K	$1K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now −0.109%Rate

Funding earned: $9.05
Price spread: −0.109% → 0.000%: −$10.91
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.87
Costs to cover: 0.130%
Break-even: 18.5 days

Slippage unknown: edgeX: live order book, 37 min ago; Paradex: 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 edgeX live order book, 37 min ago	7.35 bp	12.7 bp −$13	25.3 bp −$253	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	6.8340	−0.056%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8340	−0.057%	$9.0M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8305	−0.108%	$499K	$891K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8210	−0.247%	$1.3M	$183K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8330	−0.071%	$26.0M	$5.5M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8330	−0.071%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8382	+0.004%	$765K	$1.3M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8399	+0.029%	$91K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8390	+0.016%	—	$5.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8420	+0.060%	$61K	$54K	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	6.8240	−0.203%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8323	−0.082%	$178K	—	250x	as long as short
edgeX COPPERUSDClong	+0.0007%	4h	6.8379	long leg	$95K	$318K	20x
QFEX COPPER-USD	+0.0020%	1h	6.8330	−0.071%	$1.5M	$144K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8299	−0.116%	$273K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8306	−0.107%	—	$36K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8308	−0.104%	$10.8M	$4.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8340	−0.057%	$905	$6K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8350	−0.042%	$57K	$55K	15x	as long as short
Paradex XCU-USD-PERPshort	+0.0050%	8h	6.8304	−0.109%	$2K	$1K	5x
BloFin COPPER-USDT	+0.0051%	4h	6.8400	+0.031%	$89K	$152K	100x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8317	−0.091%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8320	−0.086%	$266K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8440	+0.089%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8368	−0.016%	$313	—	10x	as long as short
Phoenix COPPER	+0.0129%	1h	6.8365	−0.020%	$45K	$17K	20x	as long as short
Lighter XCU	+0.0136%	1h	6.8459	+0.117%	$479K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0330%	1h	6.8356	−0.033%	$34K	$178K	20x	as long as short