Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: HTX against SoDEX+0.078%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. HTX is 0.078% dearer against SoDEX than usual: you sell high and buy low (spread +0.078% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX COPPER-USD	6.8017	0.0050	pay 0.0006% / 1h	17m 47s	$901	$3K	20x
Short	HTX COPPER-USDT	6.8070	0	get 0.0000% / 4h	2h 17m	$61K	$26K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SoDEX. 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 SoDEXbpFee HTXbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$10.5
Price spread: +0.078% → 0.000%: $7.79
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.71
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

SoDEX 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 27 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	−0.1014%	1h	6.8020	+0.005%	$32K	$176K	20x	as long as short
tradeXYZ xyz:COPPER	−0.0130%	1h	6.7999	−0.026%	$10.4M	$4.8M	20x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8049	+0.048%	$32K	$35K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8040	+0.034%	$9.0M	$32.1M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8029	+0.018%	$472K	$931K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.7890	−0.187%	$1.3M	$478K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8030	+0.019%	$26.0M	$5.0M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8050	+0.049%	$1.7M	$1.0M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8012	−0.007%	$741K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8000	−0.025%	$88K	$2.0M	25x	as long as short

Show all 27 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX COPPER-USDT	0.0000%	4h	6.8020	+0.004%	—	$6.8M	20x	as long as short
HTX COPPER-USDTshort	0.0000%	4h	6.8070	+0.078%	$61K	$26K	75x
Phemex COPPERUSDT	0.0000%	4h	6.7970	−0.069%	$4.2M	$74K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8044	+0.040%	$177K	—	250x	as long as short
QFEX COPPER-USD	+0.0006%	1h	6.8020	+0.004%	$1.5M	$129K	20x	as long as short
edgeX COPPERUSDC	+0.0019%	4h	6.7998	−0.028%	$94K	$318K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8144	+0.187%	$477K	$39K	20x	as long as short
Phoenix COPPER	+0.0035%	1h	6.8001	−0.024%	$45K	$30K	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8031	+0.021%	—	$82K	25x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8044	+0.039%	$1K	$2K	5x	as long as short
SoDEX COPPER-USDlong	+0.0050%	1h	6.8017	long leg	$901	$3K	20x
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8020	+0.004%	$56K	$55K	15x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8036	+0.028%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8050	+0.049%	$258K	$23K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8090	+0.107%	$3K	—	10x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8027	+0.015%	$311	—	10x	as long as short
Extended XCU-USD	+0.0328%	1h	6.8029	+0.017%	$232K	$2.9M	20x	as long as short