Funding arb · Price arb /

COPPER

RWAall COPPER markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: HTX against Aevo+0.079%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on HTX

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

The price spread pays, funding is against you. HTX is 0.079% dearer against Aevo than usual: you sell high and buy low (spread +0.079% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo COPPER-PERP	6.8446	0.0104	pay 0.0013% / 1h	26m 51s	$313	—	10x
Short	HTX COPPER-USDT	6.8500	0	get 0.0000% / 4h	1h 26m	$61K	$71K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now +0.079%Rate

Funding earned: −$21.84
Price spread: +0.079% → 0.000%: $7.94
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.9
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; HTX: 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 Aevo no order-book sample	—	—	—	—	—
Sell HTX no order-book sample	—	—	—	—	—

Aevo and HTX: 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 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	6.8479	+0.048%	$35K	$31K	50x	as long as short
Binance COPPERUSDT	0.0000%	4h	6.8472	+0.039%	$9.0M	$32.0M	100x	as long as short
OKX XCU-USDT-SWAP	0.0000%	8h	6.8380	−0.096%	$516K	$807K	50x	as long as short
Gate XCU_USDT	0.0000%	8h	6.8320	−0.184%	$1.3M	$181K	100x	as long as short
MEXC COPPER_USDT	0.0000%	4h	6.8460	+0.021%	$26.2M	$5.7M	100x	as long as short
Bitget COPPERUSDT	0.0000%	4h	6.8430	−0.023%	$3.9M	$2.1M	100x	as long as short
Variational Omni COPPER	0.0000%	4h	6.8429	−0.024%	$775K	$538K	—	as long as short
GRVT COPPER_USDT_Perp	0.0000%	4h	6.8450	+0.006%	$87K	$2.3M	25x	as long as short
SunX COPPER-USDT	0.0000%	4h	6.8480	+0.050%	—	$4.7M	20x	as long as short
HTX COPPER-USDTshort	0.0000%	4h	6.8500	+0.079%	$61K	$71K	75x

Show all 28 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex COPPERUSDT	0.0000%	4h	6.8400	−0.067%	$4.2M	$82K	100x	as long as short
gTrade (Gains Network) HG/USD	L +0.0002% / S −0.0001%	1h	6.8454	+0.013%	$178K	—	250x	as long as short
QFEX COPPER-USD	+0.0011%	1h	6.8460	+0.021%	$1.5M	$150K	20x	as long as short
edgeX COPPERUSDC	+0.0013%	4h	6.8456	+0.015%	$95K	$318K	20x	as long as short
BloFin COPPER-USDT	+0.0020%	4h	6.8470	+0.036%	$90K	$160K	100x	as long as short
Lighter XCU	+0.0032%	1h	6.8535	+0.131%	$480K	$25K	20x	as long as short
Extended XCU-USD	+0.0032%	1h	6.8456	+0.015%	$267K	$1.7M	20x	as long as short
Vest HG-PERP	+0.0046%	1h	6.8447	+0.002%	—	$36K	25x	as long as short
tradeXYZ xyz:COPPER	+0.0050%	1h	6.8435	−0.016%	$10.8M	$3.8M	20x	as long as short
SoDEX COPPER-USD	+0.0050%	1h	6.8423	−0.033%	$906	$6K	20x	as long as short
Paradex XCU-USD-PERP	+0.0050%	8h	6.8454	+0.013%	$2K	$825	5x	as long as short
Ondo Perps COPPER-USD.P	+0.0050%	1h	6.8413	−0.048%	$59K	$54K	15x	as long as short
Phoenix COPPER	+0.0093%	1h	6.8455	+0.014%	$44K	$18K	20x	as long as short
Pacifica COPPER	+0.0100%	1h	6.8467	+0.032%	$24K	$13K	10x	as long as short
KuCoin COPPERUSDTM	+0.0100%	4h	6.8470	+0.036%	$267K	$39K	50x	as long as short
Orderly PERP_COPPER_USDC_mythos	+0.0100%	8h	6.8520	+0.109%	$3K	—	10x	as long as short
Aevo COPPER-PERPlong	+0.0104%	1h	6.8446	long leg	$313	—	10x
Kraken Futures PF_XCUUSD	+0.0337%	1h	6.8430	−0.022%	$34K	$180K	20x	as long as short