Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.059%

Price spread now: Ondo Perps against KuCoin+0.022%60s7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.214%−$21 on $10k

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

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

The price spread pays, funding is against you. Ondo Perps is 0.022% dearer against KuCoin than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.214% in total) that is about 17 hours. The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COPPERUSDTM	6.8050	0.0100	pay 0.0050% / 4h	3h 26m	$258K	$25K	50x
Short	Ondo Perps COPPER-USD.P	6.8065	0.0050	get 0.0006% / 1h	26m 44s	$57K	$55K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Position, each leg$Hold fordaysFee KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$10.42
Price spread: +0.022% → 0.000%: $2.2
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.21
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 24 min ago; Ondo Perps: 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 KuCoin live order book, 24 min ago	5.88 bp	71.1 bp −$71	709.7 bp −$7,097	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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
Kraken Futures PF_XCUUSD	−0.0448%	1h	6.7941	−0.160%	$28K	$174K	20x	as long as short
edgeX COPPERUSDC	−0.0013%	4h	6.8051	+0.001%	$94K	$317K	20x	as long as short
BloFin COPPER-USDT	−0.0003%	4h	6.8070	+0.029%	$87K	$149K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8065	+0.022%	$32K	$36K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8060	+0.015%	$9.1M	$33.4M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8051	+0.001%	$470K	$980K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7930	−0.176%	$1.3M	$492K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8040	−0.015%	$26.8M	$4.9M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8070	+0.029%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8044	−0.008%	$741K	$1.5M	—	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	6.8068	+0.027%	$87K	$2.1M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8060	+0.015%	—	$7.2M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8120	+0.103%	$60K	$26K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7910	−0.206%	$4.2M	$77K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8047	−0.004%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0004%	1h	6.8040	−0.015%	$1.5M	$137K	20x	as long as short
tradeXYZ xyz:COPPER	+0.0010%	1h	6.8001	−0.072%	$10.4M	$5.0M	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8150	+0.147%	$477K	$45K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8038	−0.018%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8054	+0.007%	$1K	$3K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8039	−0.016%	$901	$3K	20x	as long as short
Ondo Perps COPPER-USD.Pshort	+0.0050%	1h	6.8065	+0.022%	$57K	$55K	15x
Pacifica COPPER	+0.0100%	1h	6.8049	−0.001%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTMlong	+0.0100%	4h	6.8050	long leg	$258K	$25K	50x
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8130	+0.118%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8050	0.000%	$311	—	10x	as long as short
Phoenix COPPER	+0.0118%	1h	6.8029	−0.031%	$45K	$30K	20x	as long as short
Extended XCU-USD	+0.0368%	1h	6.8045	−0.008%	$230K	$3.0M	20x	as long as short