Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.081%

Price spread now: Aevo against MEXC−0.022%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.022% cheaper against MEXC than usual: you would sell low and buy high (spread −0.022% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 17 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC COPPER_USDT	6.8000	0	get 0.0000% / 4h	2h 21m	$26.0M	$5.0M	100x
Short	Aevo COPPER-PERP	6.7985	0.0104	get 0.0013% / 1h	21m 58s	$311	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against MEXC. 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 MEXCbpFee AevobpOrdersPrice spread, now −0.022%Rate

Funding earned: $21.84
Price spread: −0.022% → 0.000%: −$2.16
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $3.68
Costs to cover: 0.160%
Break-even: 5.8 days

Slippage unknown: MEXC: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 2 min ago	0.74 bp	0.7 bp −$1	1.6 bp −$16	8.1 bp −$808	244.0 bp −$122.0K
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 27 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	−0.1014%	1h	6.7981	−0.028%	$32K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0134%	1h	6.7961	−0.057%	$10.4M	$4.8M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8017	+0.025%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8011	+0.016%	$9.0M	$32.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.7996	−0.006%	$471K	$930K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7860	−0.206%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDTlong	0.0000%	4h	6.8000	long leg	$26.0M	$5.0M	100x
Bitget COPPERUSDT	0.0000%	4h	6.8020	+0.029%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.7964	−0.053%	$741K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.7990	−0.015%	$88K	$2.0M	25x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.7980	−0.029%	—	$6.8M	20x	as long as short
HTX COPPER-USDT	0.0000%	4h	6.8050	+0.074%	$61K	$26K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.7930	−0.103%	$4.2M	$74K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.7991	−0.013%	$176K	—	250x	as long as short
QFEX COPPER-USD	+0.0006%	1h	6.7980	−0.029%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0013%	4h	6.7956	−0.065%	$94K	$317K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8103	+0.151%	$476K	$39K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.7962	−0.056%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.7985	−0.022%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.7989	−0.015%	$1K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.7988	−0.018%	$900	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.7932	−0.100%	$56K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7990	−0.015%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8020	+0.029%	$258K	$23K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8050	+0.074%	$3K	—	10x	as long as short
Aevo COPPER-PERPshort	+0.0104%	1h	6.7985	−0.022%	$311	—	10x
Extended XCU-USD	+0.0352%	1h	6.8004	+0.006%	$231K	$2.9M	20x	as long as short