Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: HTX against Pacifica+0.030%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on HTX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. HTX is 0.030% dearer against Pacifica than usual: you sell high and buy low (spread +0.030% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica COPPER	6.8260	0.0100	pay 0.0013% / 1h	49m 29s	$23K	$14K	10x
Short	HTX COPPER-USDT	6.8280	0	get 0.0000% / 4h	3h 49m	$61K	$24K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Pacifica. 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 PacificabpFee HTXbpOrdersPrice spread, now +0.030%Rate

Funding earned: −$21
Price spread: +0.030% → 0.000%: $2.98
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.02
Costs to cover: 0.200%
Break-even: never at this rate

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

Pacifica and HTX: 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	−0.0404%	1h	6.8200	−0.087%	$34K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0102%	1h	6.8224	−0.052%	$10.5M	$4.8M	20x	as long as short
BloFin COPPER-USDT	−0.0015%	4h	6.8260	+0.001%	$88K	$144K	100x	as long as short
QFEX COPPER-USD	−0.0003%	1h	6.8250	−0.014%	$1.5M	$129K	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8258	−0.002%	$32K	$27K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8250	−0.014%	$9.1M	$33.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8239	−0.030%	$481K	$961K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8060	−0.292%	$1.3M	$496K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8250	−0.014%	$25.9M	$4.3M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8250	−0.014%	$2.5M	$1.7M	100x	as long as short

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni COPPER	0.0000%	4h	6.8243	−0.024%	$743K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8253	−0.010%	$88K	$2.2M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8250	−0.014%	—	$6.6M	20x	as long as short
HTX COPPER-USDTshort	0.0000%	4h	6.8280	+0.030%	$61K	$24K	75x
Phemex COPPERUSDT	0.0000%	4h	6.8160	−0.146%	$4.2M	$78K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8246	−0.020%	$178K	—	250x	as long as short
edgeX COPPERUSDC	+0.0005%	4h	6.8243	−0.024%	$95K	$318K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8348	+0.129%	$477K	$40K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8252	−0.011%	$266K	$2.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8246	−0.020%	—	$82K	25x	as long as short
Phoenix COPPER	+0.0047%	1h	6.8254	−0.008%	$45K	$23K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8233	−0.040%	$2K	$2K	5x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8235	−0.036%	$904	$3K	20x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8201	−0.086%	$57K	$55K	15x	as long as short
Pacifica COPPERlong	+0.0100%	1h	6.8260	long leg	$23K	$14K	10x
KuCoin COPPERUSDTM	+0.0100%	4h	6.8210	−0.073%	$290K	$32K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8310	+0.074%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8241	−0.028%	$312	—	10x	as long as short