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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Orderly against Pacifica+0.140%7-day average · you sell dearer than you buy
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 fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.140% dearer against Pacifica than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica COPPER6.82250.0100pay 0.0013% / 1h0m 14s$23K$14K10x
ShortOrderly PERP_COPPER_USDC_mythos6.83200.0100get 0.0100% / 8h0m 14s$3K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly 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

Funding earned
$0
Price spread: +0.140% → 0.000%
$13.99
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$0.01
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Pacifica: no order-book sample; Orderly: 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 Pacifica no order-book sample
Sell Orderly no order-book sample
Pacifica and Orderly: 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
Aster XCUUSDT0.0000%4h6.8274+0.073%$32K$28K50xas long as short
Binance COPPERUSDT0.0000%4h6.8270+0.067%$9.0M$33.3M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8196−0.042%$496K$974K50xas long as short
Gate XCU_USDT0.0000%8h6.8110−0.168%$1.3M$531K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8250+0.037%$26.7M$5.4M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8240+0.023%$2.9M$1.6M100xas long as short
Variational Omni COPPER0.0000%4h6.8246+0.031%$765K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.8290+0.096%$89K$2.4M25xas long as short
SunX COPPER-USDT0.0000%4h6.8250+0.037%$6.0M20xas long as short
HTX COPPER-USDT0.0000%4h6.8320+0.140%$61K$24K75xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex COPPERUSDT0.0000%4h6.8150−0.109%$4.2M$83K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8217−0.011%$178K250xas long as short
edgeX COPPERUSDC+0.0015%4h6.8257+0.047%$95K$320K20xas long as short
QFEX COPPER-USD+0.0017%1h6.8230+0.008%$1.5M$140K20xas long as short
Extended XCU-USD+0.0032%1h6.8231+0.009%$274K$2.0M20xas long as short
Vest HG-PERP+0.0046%1h6.8223−0.002%$82K25xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8197−0.040%$10.6M$5.0M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8211−0.020%$4K$5K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8228+0.005%$2K$1K5xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8213−0.017%$57K$55K15xas long as short
BloFin COPPER-USDT+0.0051%4h6.8240+0.023%$88K$145K100xas long as short
Pacifica COPPERlong+0.0100%1h6.8225long leg$23K$14K10x
KuCoin COPPERUSDTM+0.0100%4h6.8250+0.037%$278K$36K50xas long as short
Orderly PERP_COPPER_USDC_mythosshort+0.0100%8h6.8320+0.140%$3K10x
Aevo COPPER-PERP+0.0104%1h6.8249+0.036%$31210xas long as short
Phoenix COPPER+0.0106%1h6.8242+0.026%$45K$22K20xas long as short
Lighter XCU+0.0144%1h6.8359+0.197%$478K$27K20xas long as short
Kraken Futures PF_XCUUSD+0.0358%1h6.8228+0.006%$34K$178K20xas long as short