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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0005%/8h= +0.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.072%
Price spread now: SunX against edgeX−0.017%7-day average +0.010% · 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+0.233%+$23 on $10k
Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.017%, 7d avg +0.010%
Together, before fees+0.302%+ Points / potential airdropedgeX: Active · farm board+$30 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 0.027% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX COPPERUSDC6.7972−0.0005get 0.0003% / 4h1h 25m$93K$319K20x
ShortSunX COPPER-USDT6.79600get 0.0000% / 4h1h 25m$7.7M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
$1.08
Price spread: −0.017% → +0.010%
−$2.67
Slippage, 4 orders
no order book: not counted
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee SunX: 4 bp × 2 orders
−$8
Net
−$18.59
Costs to cover
0.170%
Break-even
127.6 days
Slippage unknown: edgeX: live order book, 58 min ago; SunX: live order book, 4 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 edgeX live order book, 58 min ago7.36 bp12.8 bp −$1324.9 bp −$249doesn't fitdoesn't fit
Sell SunX live order book, 4 min ago46.33 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
BloFin COPPER-USDT−0.0050%4h6.7940−0.046%$87K$149K100xas long as short
QFEX COPPER-USD−0.0015%1h6.7950−0.032%$1.5M$135K20xas long as short
tradeXYZ xyz:COPPER−0.0013%1h6.7908−0.093%$10.4M$5.4M20xas long as short
edgeX COPPERUSDClong−0.0005%4h6.7972long leg$93K$319K20x
Aster XCUUSDT0.0000%4h6.7960−0.017%$32K$36K50xas long as short
Binance COPPERUSDT0.0000%4h6.7954−0.026%$8.9M$34.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.7949−0.033%$467K$1.2M50xas long as short
Gate XCU_USDT0.0000%8h6.7820−0.223%$1.3M$499K100xas long as short
MEXC COPPER_USDT0.0000%4h6.7950−0.032%$26.9M$5.1M100xas long as short
Bitget COPPERUSDT0.0000%4h6.7960−0.017%$1.7M$1.0M100xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni COPPER0.0000%4h6.7967−0.007%$739K$1.6Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.7990+0.027%$90K$2.2M25xas long as short
SunX COPPER-USDTshort0.0000%4h6.7960−0.017%$7.7M20x
HTX COPPER-USDT0.0000%4h6.8010+0.057%$60K$28K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7910−0.090%$4.2M$81K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7924−0.070%$176K250xas long as short
Lighter XCU+0.0032%1h6.8037+0.096%$476K$45K20xas long as short
Extended XCU-USD+0.0032%1h6.7926−0.066%$231K$2.9M20xas long as short
Vest HG-PERP+0.0046%1h6.7918−0.079%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.7955−0.025%$1K$3K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.7925−0.068%$899$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.7988+0.024%$56K$55K15xas long as short
Kraken Futures PF_XCUUSD+0.0060%1h6.7945−0.039%$26K$176K20xas long as short
Pacifica COPPER+0.0100%1h6.7942−0.044%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.7950−0.032%$258K$26K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8010+0.057%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.7947−0.036%$31110xas long as short
Phoenix COPPER+0.0329%1h6.7933−0.057%$45K$30K20xas long as short