Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.053%

Price spread now: Aster against gTrade (Gains Network)+0.082%52s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Aster

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.082% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) HG/USD	6.8007	L +0.0002% / S −0.0001%	pay 0.0000% / 1h	57m 30s	$176K	—	250x
Short	Aster XCUUSDT	6.8063	0	get 0.0000% / 4h	3h 57m	$32K	$36K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee AsterbpOrdersPrice spread, now +0.082%Rate

Funding earned: −$0.4
Price spread: +0.082% → 0.000%: $8.22
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$10.18
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): virtual book (oracle venue), 47 min ago; Aster: 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 gTrade (Gains Network) virtual book (oracle venue), 47 min ago	130.01 bp	229.7 bp −$230	1613.4 bp −$16.1K	13153.2 bp −$1.32M	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−0.0448%	1h	6.7924	−0.121%	$28K	$174K	20x	as long as short
edgeX COPPERUSDC	−0.0008%	4h	6.8047	+0.060%	$93K	$316K	20x	as long as short
BloFin COPPER-USDT	−0.0002%	4h	6.8090	+0.122%	$87K	$149K	100x	as long as short
Aster XCUUSDTshort	0.0000%	4h	6.8063	+0.082%	$32K	$36K	50x
Binance COPPERUSDT	0.0000%	4h	6.8067	+0.088%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8049	+0.062%	$470K	$989K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7920	−0.127%	$1.3M	$491K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8040	+0.049%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8080	+0.108%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8056	+0.072%	$740K	$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	6.8070	+0.093%	$89K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8030	+0.034%	—	$7.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8060	+0.078%	$60K	$27K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.142%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USDlong	L +0.0002% / S −0.0001%	1h	6.8007	long leg	$176K	—	250x
QFEX COPPER-USD	+0.0004%	1h	6.8040	+0.049%	$1.5M	$139K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8156	+0.220%	$477K	$45K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.8050	+0.064%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8031	+0.036%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8061	+0.080%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8013	+0.009%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8019	+0.018%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7992	−0.022%	$57K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8052	+0.066%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8000	−0.010%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8100	+0.137%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8023	+0.025%	$311	—	10x	as long as short
Extended XCU-USD	+0.0472%	1h	6.8043	+0.053%	$230K	$2.9M	20x	as long as short