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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h +0.005%
Price spread now: Ondo Perps against Paradex+0.045%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · Ondo Perps: 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: Ondo Perps is 0.045% dearer against Paradex than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XCU-USD-PERP6.79510.0050pay 0.0050% / 8h1h 15m$1K$3K5x
ShortOndo Perps COPPER-USD.P6.79820.0050get 0.0006% / 1h15m 06s$56K$55K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Ondo Perps 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

Funding earned
$0.11
Price spread: +0.045% → 0.000%
$4.51
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Net
−$4.38
Costs to cover
0.090%
Break-even
296.4 days
Slippage unknown: Paradex: no order-book sample; Ondo Perps: 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 Paradex no order-book sample
Sell Ondo Perps no order-book sample
Paradex and Ondo Perps: 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
QFEX COPPER-USD−0.0015%1h6.7950−0.002%$1.5M$135K20xas long as short
edgeX COPPERUSDC−0.0010%4h6.7967+0.022%$93K$318K20xas long as short
tradeXYZ xyz:COPPER−0.0007%1h6.7905−0.068%$10.4M$5.4M20xas long as short
Aster XCUUSDT0.0000%4h6.7960+0.013%$32K$36K50xas long as short
Binance COPPERUSDT0.0000%4h6.7966+0.021%$9.0M$34.5M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.7936−0.023%$466K$1.2M50xas long as short
Gate XCU_USDT0.0000%8h6.7820−0.193%$1.3M$499K100xas long as short
MEXC COPPER_USDT0.0000%4h6.7960+0.013%$26.9M$5.1M100xas long as short
Bitget COPPERUSDT0.0000%4h6.7960+0.013%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.7967+0.022%$739K$1.6Mas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COPPER_USDT_Perp0.0000%4h6.7979+0.041%$90K$2.2M25xas long as short
SunX COPPER-USDT0.0000%4h6.7960+0.013%$7.7M20xas long as short
HTX COPPER-USDT0.0000%4h6.8010+0.086%$60K$28K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7910−0.061%$4.2M$81K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7917−0.050%$176K250xas long as short
BloFin COPPER-USDT+0.0015%4h6.7940−0.017%$87K$149K100xas long as short
Lighter XCU+0.0032%1h6.8047+0.141%$476K$45K20xas long as short
Extended XCU-USD+0.0032%1h6.7924−0.041%$231K$2.9M20xas long as short
Vest HG-PERP+0.0046%1h6.7914−0.055%$82K25xas long as short
Paradex XCU-USD-PERPlong+0.0050%8h6.7951long leg$1K$3K5x
SoDEX COPPER-USD+0.0050%1h6.7925−0.039%$899$3K20xas long as short
Ondo Perps COPPER-USD.Pshort+0.0050%1h6.7982+0.045%$56K$55K15x
Kraken Futures PF_XCUUSD+0.0060%1h6.7940−0.016%$26K$171K20xas long as short
Pacifica COPPER+0.0100%1h6.7957+0.008%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.7970+0.027%$258K$26K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8020+0.101%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.7949−0.003%$31110xas long as short
Phoenix COPPER+0.0329%1h6.7935−0.024%$45K$30K20xas long as short