Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Orderly against SunX+0.059%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.059% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COPPER-USDT	6.8350	0	get 0.0000% / 4h	3h 57m	—	$6.0M	20x
Short	Orderly PERP_COPPER_USDC_mythos	6.8390	0.0100	get 0.0100% / 8h	7h 57m	$3K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.059%Rate

Funding earned: $21
Price spread: +0.059% → 0.000%: $5.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $12.85
Costs to cover: 0.140%
Break-even: 2.7 days

Slippage unknown: SunX: live order book, 12 min ago; Orderly: 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 SunX live order book, 12 min ago	46.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin COPPER-USDT	−0.0054%	4h	6.8350	0.000%	$89K	$146K	100x	as long as short
Aster XCUUSDT	0.0000%	4h	6.8326	−0.035%	$32K	$28K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8350	0.000%	$9.0M	$33.5M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8286	−0.094%	$503K	$985K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8180	−0.249%	$1.3M	$503K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8340	−0.015%	$26.6M	$5.1M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8330	−0.029%	$2.9M	$1.6M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8246	−0.152%	$765K	$1.4M	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8330	−0.029%	$89K	$2.4M	25x	as long as short
SunX COPPER-USDTlong	0.0000%	4h	6.8350	long leg	—	$6.0M	20x

Show all 28 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX COPPER-USDT	0.0000%	4h	6.8320	−0.044%	$61K	$24K	75x	as long as short
Phemex COPPERUSDT	0.0000%	4h	6.8210	−0.205%	$4.2M	$83K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8297	−0.078%	$178K	—	250x	as long as short
tradeXYZ xyz:COPPER	+0.0006%	1h	6.8286	−0.094%	$10.6M	$5.0M	20x	as long as short
QFEX COPPER-USD	+0.0018%	1h	6.8330	−0.029%	$1.5M	$140K	20x	as long as short
edgeX COPPERUSDC	+0.0018%	4h	6.8292	−0.085%	$95K	$317K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8302	−0.070%	$275K	$2.0M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8294	−0.082%	—	$82K	25x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8288	−0.091%	$4K	$5K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8309	−0.060%	$2K	$1K	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8213	−0.200%	$57K	$55K	15x	as long as short
Kraken Futures PF_XCUUSD	+0.0076%	1h	6.8307	−0.063%	$34K	$178K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8302	−0.070%	$23K	$14K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8300	−0.073%	$278K	$36K	50x	as long as short
Orderly PERP_COPPER_USDC_mythosshort	+0.0100%	8h	6.8390	+0.059%	$3K	—	10x
Aevo COPPER-PERP	+0.0104%	1h	6.8330	−0.029%	$312	—	10x	as long as short
Phoenix COPPER	+0.0106%	1h	6.8285	−0.095%	$45K	$22K	20x	as long as short
Lighter XCU	+0.0112%	1h	6.8428	+0.114%	$479K	$26K	20x	as long as short