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

COPPER

RWAall COPPER markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.026%
Price spread now: GRVT against SunX−0.028%74s7-day average +0.030% · 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−0.180%−$18 on $10k
Price spread, last 4 days (all we have)+0.047%+$5 · spread now −0.028%, 7d avg +0.030%
Together, before fees−0.133%+ Points / potential airdropGRVT: Active · farm board−$13 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: GRVT is 0.059% 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 +0.030%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX COPPER-USDT6.83000get 0.0000% / 4h42m 11s$6.2M20x
ShortGRVT COPPER_USDT_Perp6.82810get 0.0000% / 4h42m 11s$94K$2.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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: −0.028% → +0.030%
−$5.87
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$22.87
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 7 min ago; GRVT: live order book, 1 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, 7 min ago46.13 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell GRVT live order book, 1 min ago0.73 bp8.7 bp −$918.4 bp −$184doesn't fitdoesn't fit

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
Aster XCUUSDT0.0000%4h6.8277−0.033%$32K$27K50xas long as short
Binance COPPERUSDT0.0000%4h6.8308+0.011%$9.1M$33.7M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8236−0.094%$495K$1.0M50xas long as short
Gate XCU_USDT0.0000%8h6.8150−0.220%$1.3M$528K100xas long as short
MEXC COPPER_USDT0.0000%4h6.83000.000%$26.6M$5.2M100xas long as short
Bitget COPPERUSDT0.0000%4h6.83000.000%$2.9M$1.6M100xas long as short
Variational Omni COPPER0.0000%4h6.8292−0.012%$753K$1.4Mas long as short
GRVT COPPER_USDT_Perpshort0.0000%4h6.8281−0.028%$94K$2.4M25x
SunX COPPER-USDTlong0.0000%4h6.8300long leg$6.2M20x
HTX COPPER-USDT0.0000%4h6.8320+0.029%$61K$24K75xas long as short
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex COPPERUSDT0.0000%4h6.8180−0.176%$4.2M$82K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8247−0.077%$178K250xas long as short
edgeX COPPERUSDC+0.0008%4h6.8284−0.023%$95K$319K20xas long as short
QFEX COPPER-USD+0.0017%1h6.8290−0.015%$1.5M$128K20xas long as short
BloFin COPPER-USDT+0.0022%4h6.83000.000%$88K$143K100xas long as short
Vest HG-PERP+0.0046%1h6.8254−0.067%$82K25xas long as short
Extended XCU-USD+0.0048%1h6.8249−0.075%$272K$2.1M20xas long as short
tradeXYZ xyz:COPPER+0.0050%1h6.8273−0.040%$10.6M$5.0M20xas long as short
SoDEX COPPER-USD+0.0050%1h6.8267−0.048%$4K$5K20xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8274−0.038%$2K$1K5xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8309+0.013%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8261−0.057%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8270−0.044%$278K$37K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8350+0.073%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8283−0.024%$31210xas long as short
Phoenix COPPER+0.0106%1h6.8279−0.031%$45K$22K20xas long as short
Lighter XCU+0.0136%1h6.8398+0.143%$478K$26K20xas long as short
Kraken Futures PF_XCUUSD+0.0358%1h6.8264−0.052%$34K$177K20xas long as short