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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.036%
Price spread now: Aevo against KuCoin−0.021%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin COPPERUSDTM6.80100.0100pay 0.0050% / 4h2h 45m$258K$25K50x
ShortAevo COPPER-PERP6.79960.0104get 0.0013% / 1h45m 11s$31110x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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
$0.84
Price spread: −0.021% → 0.000%
−$2.09
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$29.25
Costs to cover
0.280%
Break-even
250.8 days
Slippage unknown: KuCoin: live order book, 65 min ago; 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 65 min ago5.88 bp71.1 bp −$71709.7 bp −$7,097doesn't fitdoesn't fit
Sell Aevo no order-book sample
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XCUUSD−0.1014%1h6.7985−0.037%$32K$175K20xas long as short
tradeXYZ xyz:COPPER−0.0135%1h6.7950−0.088%$10.4M$4.8M20xas long as short
BloFin COPPER-USDT−0.0051%4h6.8050+0.059%$88K$144K100xas long as short
Aster XCUUSDT0.0000%4h6.8018+0.012%$32K$35K50xas long as short
Binance COPPERUSDT0.0000%4h6.8005−0.007%$9.1M$32.3M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8025+0.022%$472K$944K50xas long as short
Gate XCU_USDT0.0000%8h6.7890−0.176%$1.3M$478K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8000−0.015%$27.0M$4.9M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8030+0.029%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.8014+0.007%$741K$1.4Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COPPER_USDT_Perp0.0000%4h6.8060+0.074%$95K$2.1M25xas long as short
SunX COPPER-USDT0.0000%4h6.80100.000%$6.9M20xas long as short
HTX COPPER-USDT0.0000%4h6.8030+0.029%$61K$26K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7900−0.162%$4.2M$75K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7992−0.026%$176K250xas long as short
edgeX COPPERUSDC+0.0002%4h6.7983−0.040%$94K$319K20xas long as short
QFEX COPPER-USD+0.0006%1h6.80100.000%$1.5M$129K20xas long as short
Phoenix COPPER+0.0035%1h6.7977−0.049%$45K$30K20xas long as short
Vest HG-PERP+0.0046%1h6.7986−0.035%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8013+0.005%$1K$2K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.7988−0.032%$900$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.7972−0.056%$56K$55K15xas long as short
Lighter XCU+0.0064%1h6.8104+0.138%$477K$39K20xas long as short
Pacifica COPPER+0.0100%1h6.7995−0.022%$23K$14K10xas long as short
KuCoin COPPERUSDTMlong+0.0100%4h6.8010long leg$258K$25K50x
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8070+0.088%$3K10xas long as short
Aevo COPPER-PERPshort+0.0104%1h6.7996−0.021%$31110x
Extended XCU-USD+0.0424%1h6.7981−0.043%$229K$2.9M20xas long as short