Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.051%

Price spread now: Binance against Paradex+0.044%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Binance

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 airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Binance is 0.044% dearer against Paradex than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XCU-USD-PERP	6.8300	0.0050	pay 0.0050% / 8h	39m 19s	$2K	$1K	5x
Short	Binance COPPERUSDT	6.8330	0	get 0.0000% / 4h	39m 19s	$9.1M	$33.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Paradex. 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 ParadexbpFee BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: −$10.51
Price spread: +0.044% → 0.000%: $4.39
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.12
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 2 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	0.73 bp	6.3 bp −$6	10.9 bp −$109	76.7 bp −$7,671	doesn't fit

Paradex: 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	−0.0050%	4h	6.8350	+0.073%	$88K	$143K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8300	0.000%	$32K	$27K	50x	as long as short
Binance COPPERUSDTshort	0.0000%	4h	6.8330	+0.044%	$9.1M	$33.7M	100x
OKX XCU-USDT-SWAP	0.0000%	8h	6.8284	−0.023%	$495K	$1.0M	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8170	−0.190%	$1.3M	$528K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8320	+0.029%	$26.6M	$5.2M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8330	+0.044%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8332	+0.046%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8343	+0.063%	$94K	$2.4M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8330	+0.044%	—	$6.2M	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	6.8320	+0.029%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8200	−0.146%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8280	−0.030%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0017%	1h	6.8320	+0.029%	$1.5M	$128K	20x	as long as short
edgeX COPPERUSDC	+0.0019%	4h	6.8300	0.000%	$95K	$318K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8278	−0.032%	—	$82K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8296	−0.006%	$10.6M	$5.0M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8279	−0.031%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERPlong	+0.0050%	8h	6.8300	long leg	$2K	$1K	5x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8253	−0.069%	$57K	$55K	15x	as long as short
Extended XCU-USD	+0.0056%	1h	6.8272	−0.041%	$272K	$2.0M	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8281	−0.028%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8290	−0.015%	$278K	$37K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8390	+0.132%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8322	+0.032%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8322	+0.032%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0168%	1h	6.8430	+0.190%	$479K	$26K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0357%	1h	6.8289	−0.016%	$34K	$177K	20x	as long as short