Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.013%

Price spread now: SoDEX against HTX−0.096%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 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. SoDEX is 0.096% cheaper against HTX than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.4 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	HTX COPPER-USDT	6.8000	0	get 0.0000% / 4h	1h 19m	$60K	$28K	75x
Short	SoDEX COPPER-USD	6.7935	0.0050	get 0.0006% / 1h	19m 14s	$900	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.096%Rate

Funding earned: $10.5
Price spread: −0.096% → 0.000%: −$9.56
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$19.06
Costs to cover: 0.200%
Break-even: 19.7 days

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

HTX and 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
QFEX COPPER-USD	−0.0015%	1h	6.7950	−0.074%	$1.5M	$135K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0008%	1h	6.7913	−0.128%	$10.4M	$5.4M	20x	as long as short
edgeX COPPERUSDC	−0.0005%	4h	6.7972	−0.041%	$93K	$318K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.7960	−0.059%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.7973	−0.040%	$9.0M	$34.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7946	−0.079%	$467K	$1.2M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7830	−0.250%	$1.3M	$499K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.7970	−0.044%	$27.0M	$5.1M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.7970	−0.044%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7977	−0.035%	$739K	$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	6.7991	−0.014%	$90K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.7970	−0.044%	—	$7.7M	20x	as long as short
HTX COPPER-USDTlong	0.0000%	4h	6.8000	long leg	$60K	$28K	75x
Phemex COPPERUSDT	0.0000%	4h	6.7920	−0.118%	$4.2M	$81K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7933	−0.098%	$176K	—	250x	as long as short
Lighter XCU	+0.0032%	1h	6.8057	+0.084%	$476K	$45K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.7936	−0.094%	$231K	$2.9M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7930	−0.103%	—	$82K	25x	as long as short
BloFin COPPER-USDT	+0.0047%	4h	6.7940	−0.088%	$87K	$149K	100x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7965	−0.052%	$1K	$3K	5x	as long as short
SoDEX COPPER-USDshort	+0.0050%	1h	6.7935	−0.096%	$900	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7977	−0.034%	$56K	$55K	15x	as long as short
Kraken Futures PF_XCUUSD	+0.0060%	1h	6.7960	−0.059%	$26K	$171K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7946	−0.079%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.7970	−0.044%	$258K	$26K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8030	+0.044%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.7958	−0.061%	$311	—	10x	as long as short
Phoenix COPPER	+0.0329%	1h	6.7950	−0.074%	$45K	$30K	20x	as long as short