Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.024%

Price spread now: SoDEX against GRVT−0.184%7-day average — · you buy dearer than you sell

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

Long on GRVT Short on SoDEX

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 airdropGRVT: Active · farm boardneeds both histories

Funding pays, the price is against you. SoDEX is 0.184% cheaper against GRVT than usual: you would sell low and buy high (spread −0.184% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 12 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT COPPER_USDT_Perp	6.8399	0	get 0.0000% / 4h	2h 55m	$91K	$2.4M	25x
Short	SoDEX COPPER-USD	6.8273	0.0050	get 0.0006% / 1h	55m 01s	$904	$6K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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

Position, each leg$Hold fordaysFee GRVTbpFee SoDEXbpOrdersPrice spread, now −0.184%Rate

Funding earned: $10.5
Price spread: −0.184% → 0.000%: −$18.41
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$24.91
Costs to cover: 0.170%
Break-even: 23.6 days

Slippage unknown: GRVT: live order book, 3 min ago; SoDEX: 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 GRVT live order book, 3 min ago	0.73 bp	11.9 bp −$12	16.7 bp −$167	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	6.8300	−0.145%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8300	−0.145%	$9.0M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8272	−0.186%	$498K	$890K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8190	−0.305%	$1.3M	$183K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8300	−0.145%	$26.0M	$5.5M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8310	−0.130%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8382	−0.025%	$765K	$1.3M	—	as long as short
GRVT COPPER_USDT_Perplong	0.0000%	4h	6.8399	long leg	$91K	$2.4M	25x
SunX COPPER-USDT	0.0000%	4h	6.8330	−0.101%	—	$5.4M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8420	+0.031%	$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	6.8230	−0.247%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8323	−0.111%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0007%	4h	6.8379	−0.029%	$95K	$318K	20x	as long as short
BloFin COPPER-USDT	+0.0019%	4h	6.8320	−0.115%	$88K	$153K	100x	as long as short
QFEX COPPER-USD	+0.0020%	1h	6.8330	−0.101%	$1.5M	$144K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8262	−0.200%	$273K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8306	−0.136%	—	$36K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8255	−0.210%	$10.8M	$4.1M	20x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.8273	−0.184%	$904	$6K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8350	−0.072%	$57K	$55K	15x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8304	−0.138%	$2K	$1K	5x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8317	−0.120%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8320	−0.115%	$266K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8400	+0.002%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8310	−0.129%	$312	—	10x	as long as short
Phoenix COPPER	+0.0129%	1h	6.8365	−0.050%	$45K	$17K	20x	as long as short
Lighter XCU	+0.0144%	1h	6.8427	+0.041%	$479K	$23K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0330%	1h	6.8314	−0.125%	$34K	$178K	20x	as long as short