Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.035%

Price spread now: Vest against MEXC−0.054%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 Vest

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Vest is 0.054% cheaper against MEXC than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 4.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC COPPER_USDT	6.8040	0	get 0.0000% / 4h	3h 25m	$26.4M	$5.7M	100x
Short	Vest HG-PERP	6.8003	0.0046	get 0.0006% / 1h	25m 02s	—	$82K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.054%Rate

Funding earned: $9.59
Price spread: −0.054% → 0.000%: −$5.44
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Vest: 1 bp × 2 orders: −$2
Net: $2.15
Costs to cover: 0.020%
Break-even: 5.4 days

Slippage unknown: MEXC: live order book, 9 min ago; Vest: 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, 9 min ago	0.73 bp	0.8 bp −$1	3.1 bp −$31	13.5 bp −$1,347	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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
BloFin COPPER-USDT	−0.0007%	4h	6.8060	+0.029%	$89K	$148K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8099	+0.087%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8070	+0.044%	$9.1M	$33.6M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8008	−0.047%	$495K	$980K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7910	−0.191%	$1.3M	$510K	100x	as long as short
MEXC COPPER_USDTlong	0.0000%	4h	6.8040	long leg	$26.4M	$5.7M	100x
Bitget COPPERUSDT	0.0000%	4h	6.8050	+0.015%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8022	−0.027%	$761K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8046	+0.009%	$93K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8050	+0.015%	—	$5.8M	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-USDT	0.0000%	4h	6.8100	+0.088%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8040	0.000%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8006	−0.051%	$177K	—	250x	as long as short
edgeX COPPERUSDC	+0.0017%	4h	6.8034	−0.009%	$94K	$318K	20x	as long as short
QFEX COPPER-USD	+0.0018%	1h	6.8050	+0.015%	$1.5M	$142K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8043	+0.004%	$273K	$1.8M	20x	as long as short
Vest HG-PERPshort	+0.0046%	1h	6.8003	−0.054%	—	$82K	25x
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8011	−0.043%	$10.7M	$4.3M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8013	−0.040%	$901	$6K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8073	+0.049%	$57K	$53K	15x	as long as short
Paradex XCU-USD-PERP	+0.0051%	8h	6.7991	−0.072%	$1K	$1K	5x	as long as short
Kraken Futures PF_XCUUSD	+0.0076%	1h	6.8038	−0.003%	$34K	$178K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.7980	−0.088%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8060	+0.029%	$265K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8120	+0.118%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8043	+0.004%	$311	—	10x	as long as short
Lighter XCU	+0.0120%	1h	6.8147	+0.157%	$477K	$27K	20x	as long as short
Phoenix COPPER	+0.0129%	1h	6.8023	−0.025%	$45K	$22K	20x	as long as short