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

COPPER

RWAall COPPER markets
SwapBacktest
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 +0.007%
Price spread now: Aster against Variational Omni−0.009%7-day average · 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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropVariational Omni: Active · Aster: Stage 5 · farm boardneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni COPPER6.83530get 0.0000% / 4h2h 41m$741K$1.4M
ShortAster XCUUSDT6.83470get 0.0000% / 4h2h 41m$32K$27K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Variational Omni. 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: −0.009% → 0.000%
−$0.86
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Aster: 4 bp × 2 orders
−$8
Net
−$8.86
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Aster: 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
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago2.98 bpdoesn't fit11.6 bp −$116doesn't fitdoesn't fit
Sell Aster no order-book sample
Aster: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_XCUUSD−0.0480%1h6.8343−0.015%$35K$176K20xas long as short
tradeXYZ xyz:COPPER−0.0006%1h6.8308−0.066%$10.6M$4.9M20xas long as short
QFEX COPPER-USD−0.0001%1h6.8340−0.019%$1.5M$129K20xas long as short
Aster XCUUSDTshort0.0000%4h6.8347−0.009%$32K$27K50x
Binance COPPERUSDT0.0000%4h6.8340−0.019%$9.2M$33.1M100xas long as short
OKX XCU-USDT-SWAP0.0000%8h6.8313−0.059%$490K$970K50xas long as short
Gate XCU_USDT0.0000%8h6.8120−0.341%$1.3M$525K100xas long as short
MEXC COPPER_USDT0.0000%4h6.8340−0.019%$26.8M$4.6M100xas long as short
Bitget COPPERUSDT0.0000%4h6.8340−0.019%$2.5M$1.7M100xas long as short
Variational Omni COPPERlong0.0000%4h6.8353long leg$741K$1.4M
Show all 28 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT COPPER_USDT_Perp0.0000%4h6.8360+0.010%$91K$2.2M25xas long as short
SunX COPPER-USDT0.0000%4h6.8360+0.010%$6.6M20xas long as short
HTX COPPER-USDT0.0000%4h6.8390+0.054%$61K$24K75xas long as short
Phemex COPPERUSDT0.0000%4h6.8180−0.253%$4.2M$79K100xas long as short
gTrade (Gains Network) HG/USDL +0.0002% / S −0.0001%1h6.8321−0.047%$178K250xas long as short
edgeX COPPERUSDC+0.0004%4h6.8347−0.009%$95K$317K20xas long as short
BloFin COPPER-USDT+0.0023%4h6.8360+0.010%$88K$138K100xas long as short
Phoenix COPPER+0.0023%1h6.8345−0.012%$45K$23K20xas long as short
Lighter XCU+0.0032%1h6.8459+0.155%$478K$40K20xas long as short
Extended XCU-USD+0.0032%1h6.8342−0.016%$276K$2.5M20xas long as short
Vest HG-PERP+0.0046%1h6.8334−0.028%$82K25xas long as short
Paradex XCU-USD-PERP+0.0050%8h6.8340−0.019%$2K$2K5xas long as short
SoDEX COPPER-USD+0.0050%1h6.8323−0.044%$905$3K20xas long as short
Ondo Perps COPPER-USD.P+0.0050%1h6.8378+0.037%$57K$55K15xas long as short
Pacifica COPPER+0.0100%1h6.8355+0.002%$23K$14K10xas long as short
KuCoin COPPERUSDTM+0.0100%4h6.8350−0.004%$279K$35K50xas long as short
Orderly PERP_COPPER_USDC_mythos+0.0100%8h6.8430+0.113%$3K10xas long as short
Aevo COPPER-PERP+0.0104%1h6.8350−0.005%$31210xas long as short