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

COPPER

RWAall COPPER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against SunX−0.177%7-day average −0.065% · you buy dearer than you sell
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 7 days+0.036%+$4 on $10k
Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.177%, 7d avg −0.065%
Together, before fees+0.167%+$17 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: Gate is 0.111% cheaper against SunX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.065%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.79700get 0.0000% / 4h2h 29m$6.8M20x
ShortGate XCU_USDT6.78500get 0.0000% / 8h6h 29m$1.3M$478K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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

Funding earned
$0
Price spread: −0.177% → −0.065%
−$11.15
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$34.15
Costs to cover
0.230%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 9 min ago; Gate: live order book, 3 min ago. 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 SunX live order book, 9 min ago46.33 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago1.47 bp20.0 bp −$20203.8 bp −$2,038doesn't fitdoesn't fit

COPPER on 27 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
Kraken Futures PF_XCUUSD−0.1015%1h6.7971+0.001%$32K$176K20xas long as short
tradeXYZ xyz:COPPER−0.0137%1h6.7926−0.065%$10.4M$4.8M20xas long as short
Aster XCUUSDT0.0000%4h6.7986+0.023%$32K$35K50xas long as short
Binance COPPERUSDT0.0000%4h6.7985+0.022%$9.1M$32.2M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.7968−0.003%$472K$938K50xas long as short
Gate XCU_USDTshort0.0000%8h6.7850−0.177%$1.3M$478K100x
MEXC COPPER_USDT0.0000%4h6.79700.000%$26.0M$5.0M100xas long as short
Bitget COPPERUSDT0.0000%4h6.79700.000%$1.7M$1.0M100xas long as short
Variational Omni COPPER0.0000%4h6.7954−0.023%$741K$1.4Mas long as short
GRVT COPPER_USDT_Perp0.0000%4h6.7996+0.039%$88K$2.1M25xas long as short
Show all 27 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX COPPER-USDTlong0.0000%4h6.7970long leg$6.8M20x
HTX COPPER-USDT0.0000%4h6.8000+0.044%$61K$26K75xas long as short
Phemex COPPERUSDT0.0000%4h6.7910−0.088%$4.2M$74K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.7966−0.006%$176K250xas long as short
edgeX COPPERUSDC+0.0004%4h6.7982+0.017%$94K$318K20xas long as short
QFEX COPPER-USD+0.0006%1h6.79700.000%$1.5M$129K20xas long as short
Lighter XCU+0.0032%1h6.8080+0.162%$476K$39K20xas long as short
Phoenix COPPER+0.0035%1h6.7992+0.032%$45K$30K20xas long as short
Vest HG-PERP+0.0046%1h6.7963−0.010%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.7968−0.003%$1K$2K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.7957−0.019%$900$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.7992+0.032%$56K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.7961−0.014%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.7990+0.029%$258K$25K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8050+0.118%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.7973+0.005%$31110xas long as short
Extended XCU-USD+0.0400%1h6.7967−0.005%$231K$2.9M20xas long as short