Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.026%

Price spread now: Aevo against HTX−0.077%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Aevo is 0.077% cheaper against HTX than usual: you would sell low and buy high (spread −0.077% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COPPER-USDT	6.8090	0	get 0.0000% / 4h	2m 03s	$60K	$27K	75x
Short	Aevo COPPER-PERP	6.8038	0.0104	get 0.0013% / 1h	2m 03s	$311	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now −0.077%Rate

Funding earned: $21.84
Price spread: −0.077% → 0.000%: −$7.68
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$13.84
Costs to cover: 0.280%
Break-even: 11.4 days

Slippage unknown: HTX: no order-book sample; Aevo: 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 HTX no order-book sample	—	—	—	—	—
Sell Aevo no order-book sample	—	—	—	—	—

HTX and Aevo: 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
edgeX COPPERUSDC	−0.0019%	4h	6.8005	−0.125%	$93K	$317K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8053	−0.054%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8060	−0.044%	$9.0M	$34.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8032	−0.085%	$467K	$979K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7910	−0.264%	$1.3M	$493K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8050	−0.059%	$26.9M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8080	−0.015%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8056	−0.050%	$740K	$1.6M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8070	−0.029%	$89K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8050	−0.059%	—	$7.4M	20x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDTlong	0.0000%	4h	6.8090	long leg	$60K	$27K	75x
Phemex COPPERUSDT	0.0000%	4h	6.7940	−0.220%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8029	−0.090%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0013%	1h	6.8040	−0.073%	$1.5M	$139K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8148	+0.085%	$477K	$45K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.8043	−0.069%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8027	−0.093%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8066	−0.035%	$1K	$3K	5x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8024	−0.097%	$10.4M	$5.1M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8030	−0.088%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8002	−0.129%	$57K	$55K	15x	as long as short
BloFin COPPER-USDT	+0.0055%	4h	6.8050	−0.059%	$87K	$149K	100x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8056	−0.050%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8020	−0.103%	$258K	$25K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8100	+0.015%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.8038	−0.077%	$311	—	10x
Kraken Futures PF_XCUUSD	+0.0312%	1h	6.7939	−0.221%	$28K	$174K	20x	as long as short
Extended XCU-USD	+0.0536%	1h	6.8028	−0.092%	$230K	$2.9M	20x	as long as short