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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.026%
Price spread now: Gate against GRVT−0.264%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$91as in the Price arb table
costs, in and out, $10k−$750.750% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.215%+$22 on $10k
Price spread, last 7 days+0.190%+$19 · spread now −0.264%, 7d avg −0.105%
Together, before fees+0.406%+ Points / potential airdropGRVT: Active · farm board+$41 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: Gate is 0.158% cheaper against GRVT than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.105%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGRVT COPPER_USDT_Perp6.82900get 0.0000% / 4h1m 31s$89K$2.4M25x
ShortGate XCU_USDT6.81100get 0.0000% / 8h1m 31s$1.3M$530K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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: −0.264% → −0.105%
−$15.84
Slippage, 4 orders
−$50.99
Fee GRVT: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$90.83
Costs to cover
0.750%
Break-even
never at this rate
Slippage from GRVT: live order book, 2 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GRVT live order book, 2 min ago1.46 bp6.0 bp −$617.4 bp −$174doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago1.47 bp31.8 bp −$32220.0 bp −$2,200doesn'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
Aster XCUUSDT0.0000%4h6.8268−0.032%$32K$28K50xas long as short
Binance COPPERUSDT0.0000%4h6.8265−0.036%$9.0M$33.3M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8219−0.104%$496K$975K50xas long as short
Gate XCU_USDTshort0.0000%8h6.8110−0.264%$1.3M$530K100x
MEXC COPPER_USDT0.0000%4h6.8260−0.044%$26.7M$5.4M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8240−0.073%$2.9M$1.6M100xas long as short
Variational Omni COPPER0.0000%4h6.8246−0.065%$765K$1.4Mas long as short
GRVT COPPER_USDT_Perplong0.0000%4h6.8290long leg$89K$2.4M25x
SunX COPPER-USDT0.0000%4h6.8270−0.029%$6.0M20xas long as short
HTX COPPER-USDT0.0000%4h6.8270−0.029%$61K$24K75xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex COPPERUSDT0.0000%4h6.8140−0.220%$4.2M$83K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8215−0.110%$178K250xas long as short
edgeX COPPERUSDC+0.0015%4h6.8257−0.048%$95K$320K20xas long as short
QFEX COPPER-USD+0.0017%1h6.8240−0.073%$1.5M$140K20xas long as short
BloFin COPPER-USDT+0.0017%4h6.8270−0.029%$88K$144K100xas long as short
Extended XCU-USD+0.0032%1h6.8237−0.077%$274K$2.0M20xas long as short
Vest HG-PERP+0.0046%1h6.8234−0.082%$82K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8204−0.126%$10.6M$5.0M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8197−0.136%$4K$5K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8244−0.067%$2K$1K5xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8210−0.117%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8241−0.072%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8250−0.059%$278K$36K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8310+0.029%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8246−0.064%$31210xas long as short
Phoenix COPPER+0.0106%1h6.8242−0.070%$45K$22K20xas long as short
Lighter XCU+0.0152%1h6.8359+0.101%$478K$27K20xas long as short
Kraken Futures PF_XCUUSD+0.0358%1h6.8221−0.101%$34K$178K20xas long as short