Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0001%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: gTrade (Gains Network) against SunX−0.051%7-day average +0.011% · you buy dearer than you sell

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

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 2 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.051%, 7d avg +0.011%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.061% cheaper against SunX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COPPER-USDT	6.8540	0	get 0.0000% / 4h	50m 03s	—	$4.6M	20x
Short	gTrade (Gains Network) HG/USD	6.8505	L +0.0002% / S −0.0001%	get 0.0000% / 1h	50m 03s	$179K	—	250x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.051%Rate

Funding earned: $0.3
Price spread: −0.051% → +0.011%: −$6.13
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$23.83
Costs to cover: 0.180%
Break-even: 556.9 days

Slippage unknown: SunX: live order book, 12 min ago; gTrade (Gains Network): virtual book (oracle exchange), 57 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 SunX live order book, 12 min ago	45.92 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle exchange), 57 min ago	130.01 bp	213.6 bp −$214	1617.5 bp −$16.2K	doesn't fit	doesn't fit

COPPER on 28 exchanges

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
Aster XCUUSDT	0.0000%	4h	6.8462	−0.114%	$35K	$31K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8457	−0.121%	$9.3M	$32.9M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8388	−0.222%	$532K	$823K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8340	−0.292%	$1.3M	$173K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8450	−0.131%	$26.2M	$5.6M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8430	−0.160%	$3.9M	$2.2M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8537	−0.005%	$774K	$540K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8550	+0.015%	$91K	$2.3M	25x	as long as short
SunX COPPER-USDTlong	0.0000%	4h	6.8540	long leg	—	$4.6M	20x
HTX COPPER-USDT	0.0000%	4h	6.8560	+0.029%	$61K	$71K	75x	as long as short

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8380	−0.233%	$4.2M	$83K	100x	as long as short
QFEX COPPER-USD	+0.0001%	1h	6.8520	−0.029%	$1.5M	$151K	20x	as long as short
gTrade (Gains Network) HG/USDshort	L +0.0002% / S −0.0001%	1h	6.8505	−0.051%	$179K	—	250x
edgeX COPPERUSDC	+0.0009%	4h	6.8525	−0.022%	$95K	$319K	20x	as long as short
Lighter XCU	+0.0032%	1h	6.8516	−0.035%	$479K	$26K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8405	−0.197%	$270K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8503	−0.054%	—	$36K	25x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8461	−0.115%	$907	$6K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8515	−0.036%	$2K	$825	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8482	−0.085%	$59K	$54K	15x	as long as short
BloFin COPPER-USDT	+0.0059%	4h	6.8540	0.000%	$90K	$155K	100x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8514	−0.039%	$24K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8440	−0.146%	$251K	$43K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8540	0.000%	$3K	—	10x	as long as short
tradeXYZ xyz:COPPER	+0.0103%	1h	6.8439	−0.147%	$10.9M	$4.0M	20x	as long as short
Aevo COPPER-PERP	+0.0104%	1h	6.8463	−0.112%	$313	—	10x	as long as short
Phoenix COPPER	+0.0140%	1h	6.8531	−0.013%	$44K	$11K	20x	as long as short
Kraken Futures PF_XCUUSD	+0.0181%	1h	6.8485	−0.080%	$34K	$180K	20x	as long as short